Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

64
Posts
39
Votes
Clancy Catelli
  • Real Estate Agent
  • Sequim, WA
39
Votes |
64
Posts

I far should i go with this remodel?

Clancy Catelli
  • Real Estate Agent
  • Sequim, WA
Posted

Hey BP,

I want to get some input on on a situation i am dealing with on one of my flips. 

The house is in a c neighborhood, i bought it for $134k. The ARV is somewhere around $240k (its only 1100 sqft). I was planning on spending around $30k on the remodel.

I basically gutted the house since it had a horrible  hoarding/trash problem that caused rats to make home in the house. The Clean up was horrible. 

My question is, If $240k is the absolute most i will be able to get for the house(, even if it was all custom granite, oak floors ect.) is it worth it to spend a few extra thousand on the remodel to make the house extra nice for the neighborhood? My thinking is that if i do nicer finishes and make the house look like a b+ style home, it will stand out to someone looking in a nicer area and maybe the house itself will draw in more buyers and help it sell faster. I would be sacrificing a few grand (to do wainscoting, tile walls in bathrooms, nicer floors, and better landscape/patio).

Loading replies...