77K return . . . but I wouldn't do it again!
Older home with great bones built in 1942 - needed full remodel.
Purchase price: 235k - short sale
Projected costs and time: 45k and 3-4 months.
Actual renovation & carry costs $86k and 8 months of work.
Commissions/concessions $22k
Sale Price $419,900
Net gain $77k
Most proud of... Kitchen and master bath.
Most stressed by... HVAC system overhaul $8,300 after 7 different bids from 7k to 20k.
Take-a-ways:
- old houses offer many unforeseen challenges.
- cat pee is really nasty!
- it's really fun to see a diamond in the rough take shape!
Kitchen before...
Kitchen after...
Liv rm before . . .
Liv rm nearly complete...
Master bath after...