Flipping houses has been in the media a lot, with both good and bad reviews. Sometimes they are done well...unfortunately, more often they display poor workmanship, cheap materials and no thought about how one will actually live in the property.
As a Realtor, I get to see lots of rehabs from the buyer's perspective. When even the new facade looks sloppy it makes one uneasy about what is hiding underneath the new paint, fixtures, trim that doesn't meet properly, etc.
Yesterday I had the pleasure of meeting to list a rehab that's been done right. It's a 1950's 1 1/2 story expansion bungalow, and when they bought it the upper level had the traditional big open room. To convert it to a true master suite they added a dormer the whole length of the upper level, creating a full bath, walk-in closet, generous office, sitting alcove and huge bedroom area...it's truly an inviting space.
In addition to adding a new bath on the upper level, the main floor bath was also rehabbed...and not just with fresh paint, new sink and new light fixtures. It was gutted to the studs and rebuilt with quality tile and fixtures, just like the new upper level bath. This attention to detail shows throughout the home
It's a privilege to represent rehabs done right...and while they obviously need to make a profit, they're not out to make a killing. This is going to make a wonderful new home for some lucky buyer.
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