I sincerly hope my repliys are not considered argueing a point. I am just trying to add more details. All replies from seasoned rehabbers are appreciated and taken into consideration.
I have been under the house and the framing is solid. The 5 replacement widows will be replaced from the outside, so no drywall damage.
The house is only 1350 sq ft, 3 bed, 2 bath house. The previous owner had just replaced the other rooms carpet with nice neutral carpet. The one bedroom was a teenage boys and has a dark navy carpet. I will replace with a like color neutral if I can find the exact color which would be hard. That room already priced with new pad is $300 with installtion being another $100.
Lighting is $689, replacing almost every light in the house. Get new same finish through out the house. I will install them.
The exterior painting will be the cost of the paint plus simple supplies. I have all the tools needed. The siding repair is only 3 boards and using basic masonit siding. I will preform the work. The decks are getting sanded and restained too.
The interior painting will be the cost of paint. The whole house can be done for under 10 gallons of same color, plus 5 gallons of white. I will need simple supplies.
The kitchen floor will be done at cost from a contractor. Maybe $500 at most. Installed.
The roof needs several shingles replaced. I will do this myself.
There are 5 windows and I can get these for $169 installed. Subbing the work to another contact I have worked with before.
My experience is that of a contractor. I have completed all the above mentioned work on other peoples flips. I just want to get started with my own.
The house is the ugly duck on the block. Its just over 1 acre and is on the culdesac. A house across the street is listed for 189,000 its a 3 bed but larger square footage. The homeowners did the reno and its shotty work at best. Island countertop is not even connected to cabinet. One down the block just went into contract. It was listed at $169 and the realtor says it sold for 160's. There was another forclosure that was not rehabbed but sold for $150, same floor plan but nicer curb appeal from street. It was also a 3 bedroom. I think mine once done could list for 150K, I planned on $140 to get a quicker sale, and try to work with appraisals from higher sales. This is a small pocket of homes at this price point and surrounding areas of larger, newer homes are much more. This was built in 1995. The elementary school is the best rated in the county. They all attend the same high school.
I dont know what else to add. The worry points are the HVAC and Plumbing. Its been winterized and has no electric right now.
Thoughts and opinions are great appreciated. I am trying to learn not argue with anyone.
Thanks
