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29 September 2016 | 13 replies
It's hard to break down cost for each item as we got a bid for the whole jobI'm not too good with numbers which is why I delegate that to someone else to do but I will break down what I can.Property:4 bed 2 bathLot sq ft 7200Living sq ft 1700Rehab:Paint exterior and interiorDemo/removed two walls to create an open floor planScrape and smooth popcorn ceilingsMud and texture walls and ceilingsNew laminate floors throughoutNew carpet in bedroomsTotal gut out of kitchen and two bathAll new Windows (10 windows)New French doorRestucco front of houseNew bedroom doorsNew front doorNew kitchen cabinetsNew front doorAdded a side door to the garage from the porchNew door knobsAdded central air and replaced heating furnace New appliances (fridge, dishwasher, microwave)Move water heater outsideInstalled recessed lights throughoutConvert water heater closet into laundry roomNew bathroom tiles (floors, and floor to ceiling shower tiles)New vanitiesConverted tub shower to stand up showerNew ceiling fans in each roomNew mirror bedroom closet doors Pool repair (30 years of non use and has gold fish and algae)Repaired and painted concrete in backyard and garageNew garage doorNew drivewayNew landscapingNew appliancesNew exterior lightsPainted fire placeStaging Purchase price: $465k via HMLTotal rehab:$60kARV: $590kSold: $610kNet profit: $32k total then split 50/50I learned so much from this first flip but it was all worth the blood and tears.Here's a link to my Box album.https://app.box.com/s/spyxxp27krya754csrstmzz8bv1u8420
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21 October 2016 | 73 replies
All the big ticket items you want to be new and installed correctly.That high cash flow you think you will be getting will be gone after these large capex items keep hitting your balance sheet one right after another.
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1 March 2020 | 23 replies
You can get discounted tile when looking at discontinued tile from a tile supply house.
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12 November 2016 | 17 replies
It would be nice to spare the cost of installing all of these as hard-wired and interconnected.
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13 September 2016 | 11 replies
It is classic 50s with tile all the way around.
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16 September 2016 | 13 replies
Since buying my current home, I have installed new flooring/baseboards in every inch of the house, all new appliances with every water/gas line upgraded to stainless steel, landscaped my backyard, among other small things.
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25 September 2023 | 16 replies
and it took me under an hour to uninstall the old one and install the new one.
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28 September 2016 | 43 replies
I contract out most of my work, however, I do the finish work that involves painting, cleanup, changing out a few fixtures, installing towel rods, and minor things I do not want to pay my contractor an hourly rate to do.
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27 December 2019 | 15 replies
If it's an investment property I wouldn't even consider pitching the roof and installing a whole new heating system.