Project Description

Hamilton Home Reno Doubles Investment

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:

  • Demo’d everything all at once. This included all of the bathrooms (wall tile, showers, toilets, etc.), carpeted areas and basement. Saved money by just needing to get the large bin disposal one time.

  • Replaced all flooring with click-connect laminate on the second and third levels to give a rustic wood look. We were able to preserve the wood flooring and tile in the kitchen.

  • Painted all ceilings, trim and walls. Chose a consistent neutral colour palette that worked throughout the entire house.

  • Preserved as many light fixtures, door handles, hinges etc. Replaced light fixtures where needed with minimalist modern designs.

  • We saved the wood vanities and kitchen cupboards, opting to paint them instead of replacing them.

  • Installed two glass shower kits and installed new tile in bathrooms. This was our most costly expense, but the modern tile paid off and left us with brand new bathrooms.

  • Replaced laminate counterop with granite and replaced white fridge with stainless steel.  These simple changes, along with painting the cabinets transformed the kitchen on a budget.

  • Exterior touches right before putting it up for sale.  In the month we listed the house, we re-finished the driveway and laid down fresh sod in the backyard.

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.

Project Details

DATE

Aug 2015 – May 2017

CLIENT

Kyle & Melissa (Co-owners)

PROJECT TYPE

Residential, Full Home Reno

CONTRACTOR

Kyle & Melissa along with professional electrical & plumbing services

ROI Breakdown

  • Original Purchase Price: $303,000

  • Renovation Budget: $40,000

  • Timeline: 2 months to renovate, 1.5 years from purchase to sale

  • Sold Price: $600,000

Project Gallery

How Can We Help?

 

It all starts with getting to know you and your project. We offer a variety of full-service solutions that are tailored to your needs and budget.

    FIRST NAME *
    LAST NAME *
    EMAIL ADDRESS *
    PHONE NUMBER

    ADDRESS

    SUBJECT

    HOW CAN WE HELP?