When we first set out to buy a house, we had no idea what we were getting into. Based on the price we wanted to pay, we quickly came to terms that if we wanted the better areas we were going to have to settle for a fixer-upper. When I think back to the MANY houses we looked at, I am happy we landed with the one we did — but I also still dream about the potential renos we could have done all of the others.
How did we turn a $300,000 house into a $600,000 house in under two years?
Good timing, the right renos and a cohesive design all played a part!
This was our first house, which meant most of our savings went into the downpayment. We also were due to have our first child (our son Cash) just two months after we moved in. So on a budget and under a time crunch we had to make sure the investments we were making were going to get us the most return – both for living and selling! Here’s what we did:
With a lot of hard work, some smart design decisions and the beautiful features of a century home, we were able to transform this house for $40,000.
As our family grew, we knew we needed to relocate closer to our places of work. Having just finished the house within the past year, we knew it was an optimal time to sell as everything was still fresh, bright and new. The key to maximizing our return was not only completing the renos on a budget, but also controlling the first impression any potential buyers would have. We hired a trusted real estate agent who delivered big time.
With professional photos to enhance the natural character of the house as well as our hard work, we had a beautiful portfolio of our work, sure to make any buyer fall in love at first click. In what can only be described as a hot spring real estate market, we had sold the house in 3 days for $100,000 over asking and exactly double what we paid for the house.