As promised, I am sharing the other two levels of this recently completed home. From the outside, this is a truly classic one and a half story house. All three levels underwent a significant change since June. And admittedly, the true highlight of this home is the size and the location. Nestled in a sought after neighborhood the previous owner had built an addition onto the house to increase the size. This home had a ton of upgrade opportunities after reviewing the original details in place (updated in the 80s).
This was a three-level renovation where walls were opened up, spaces were combined and rooms were created to be inviting and efficient throughout. When you are looking for homes to flip, it is all about the value you can add. You can do this by making choices a home buyer would appreciate as they envision themselves making a home there.
When this home was purchased, there were a lot of opportunities to improve upon the bones of the house. In the upper level, there were two bedrooms and zero bathrooms. This can be the kiss of death for a home buyer when it comes to house flipping. It was an easy choice to combine those two rooms and make the second floor a master suite. We not only designed the space for a master bedroom and bathroom but a spacious walk-in closet too. All of which, are typically only found in houses that are priced $50,000 to $100,000 higher than this home. There were also two bedrooms on the main floor and the lower level. This lower level space was partially finished before as a family room but none of the existing finishes stayed.
It is often easier to demo everything and start new when you are already working on updating a house. Especially in basements. Those tend to have odd materials like dropped ceilings and paneling with little to zero insulation, which doesn’t make them the most comfortable spaces.
When we plan to start with a clean slate it also makes it easier for us to layout the fully finished lower level to include all the spaces that a house of this size and this price point would have. In this case, that was a family room (with a bar area), a fourth bedroom, a third bathroom, an office or flex space, and a laundry room.
Everything in the lower level is new, from the flooring to the insulation, sheetrock, doors, and trim. There is no doubt that the value from completing this space will be one that the new homeowner will benefit from for years to come.
Want to buy a property and renovate it?
I have a freebie checklist that will help you — 8 Things I look for When Purchasing a Home. Just click here to download it.
Love before and afters?
Looking to buy a house to renovate? Check out the fixer upper checklist to help you find the perfect house.
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