This four level split home was a foreclosure bank owned home built in 1987. It was completely outdated and needed a ton of work. We bought this home personally as an investment property to renovate and make a profit on. There was not one room in the house that didn’t need to be renovated. It’s always a little scary buying an investment property that looks the way it did not knowing what you might uncover during demolition. But with any investment property you have to be willing to take a risk.
When going into this project we budgeted low and kept 20% of our budget for any unforeseen issues that we might run into along the way. We also wanted to profit as much as we could but completely refresh the home to appeal to buyers. To keep costs low we salvaged and repurposed anything that just needed a good clean, such as painting cabinetry, refinishing the beautiful hardwood floors, and updating the fireplace.
We removed the wall that separated the kitchen from the dinning room to open up the space and floor plan. Completely renovated both bathrooms, scraped popcorn ceilings and updated with knockdown finish, completely painted the interior and exterior of the homes, new shingles, landscaping, you name it. There wasn’t a single thing within the interior or the exterior of the home that we didn’t update.
And luckily after completely renovating every room we ran into no major issues.