Before and After

Real Estate Agent · Chantilly, VA · Member since 2023 · 19 posts · 12 votes

Hi BP community,

I am currently wrapping up renovation on a townhouse flip using a hard money loan and would love to hear about and see others before and after photos. I would love to hear how the resell went vs. your initial predictions and analysis.

I am currently a little over budget with the rehab but that extra cost is actually adding a lot of value as it adds a third bedroom!

Please share below!

Thanks.

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Brendan Mullenholz
Real Estate Agent · Washington, DC · Member since 2025 · 157 posts · 77 votes
1y
If you're flipping a TH is the 3rd bedroom in the basement? If so does it have proper egresses or a walk out? That can add more value to some buyers that want to house hack it. I've had clients flip their current houses before selling and without money. The contractor gets paid at settlement by placing a lien on the home. Trusting your contractor is the key part in a successful reno. Once a wall opens up theres no telling what could come next in it.
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Peter MckernanBusiness Member
Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
1y
I would be careful in this current market on adding too much value, or pushing the money too much on a rehab because the market has more inventory so that added value might not be added value in the buyers eyes. Just be super strict on your numbers and also make sure that you are expecting to be on the market longer than planed. This is for anyone in a slower market, some markets are still selling quickly, but over the course of the last three weeks I have heard a lot of other agents around the nation and it sounds about the same for most everyone else (slow).
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