Updated over 14 years ago on . Most recent reply
My latest Rehab in Charlotte, NC
Below are some before pics of my latest rehab. It's a 2 bed/1 bath 800 sq ft home in Charlotte, NC in a great area. I love these older homes and trendy neighborhoods.
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Like so many others have said... nice job! I have a few questions I hope you can answer.
Going into this project, did you have a higher ARV and undercut the market a little to get it sold so fast? As you said, you had back-up offers coming in that were higher than the original offer... that leads me to believe that this was a "steal" for this neighborhood at $81k. My question is, how much did you under-cut the market, if at all?
Also, how far over the standard did you upgrade this house? I am looking at some flips that will sell for around the same price, but some of the upgrades you put in this house would be way too much for the neighborhoods I am looking at. I have read in the past (I think from J Scott) that it's a good idea to add 1 "flair" item. Maybe granite, or wood floors in the dining.. etc. Did you overkill the upgrades on this one to move it so fast, or are all those upgrades fairly standard for that area?
Again, great work... and thanks in advance.