The Poor House: Staging Pics
As a reminder, here is a link to the BEFORE pictures of The Poor House…
Here are some AFTER pictures of The Poor House:
Front of House
Kitchen w/ Breakfast Bar
Living Room
More Living Room
Dining Room & French Doors to Deck
Breakfast Bar & Dining Room
Master Bedroom
Master Bathroom
Guest Bedroom
Main Bathroom
Office (Third Bedroom)
Basement / Bonus Room / 4th Bedroom
Entryway
Laundry Area
Back of House
Back Deck
French Doors Out to Deck
Kitchen looks great, the staging looks great.
What type of bathroom tops did you use? What type of flooring in the kitchen?
Are you going to put any landscaping along the backside of the house to break up the “tallness” of the back of the house?
The only thing I wasn’t a big fan of is the white spindles with a stained newel post and hand rail.
Hi Josh –
All of our cabinets and countertops are manufactured by Liberty Cabinets. The flooring in the kitchen is a higher-end vinyl that we’re very happy with.
I don’t expect we’ll do any more landscaping on this house. With the price point around $130K, the buyers will already be getting tremendous value for their money!
thats alot of house for 130. great job!
Wow, this house takes a great picture… Everyone that has been into the completed house is shocked at our list price… They all believe it’s low for how much of a house it is and how great it looks…
Personally I think the handrail and spindles in the foyer look fantastic (pics must not do it justice)… 🙂
Thanks for the info. I searched Liberty Cabinets and found a company in California, is that the same company? Are the tops a laminate? Great looking house, I’m sure it will sell in no time!
Josh
J Scott,
Nice rehab…Could you run down the numbers on this deal? Thanks
Law
Josh –
I’ll try to dig up some info on Liberty for you…we use a local distributor, so we haven’t dealt directly with the manufacturer.
As for the countertops, yup, they’re a laminate…
Law –
Like I do with all the projects, I’ll list all the numbers down to the penny once the house is sold and I post my “Final Analysis” post, but here is the high level overview of the current and anticipated costs:
Purchase: $33,000
Rehab: $52,000
Holding/Fees: $4,000
Commissions/Buyer Concessions: $8,000-$11,000
So, our 100% all-in costs will be about $97-100K.
If we sell the property for $125-130K, we should make about $25-30K on this one…
Nice work as always! I could definitely learn a lot about staging just from looking at the pics of your houses. I definitely need to get more storage so I have a place to keep all of this stuff between projects 🙂
-Carl
Looking at your numbers I see you’re heading for about a 25% return on your all-in costs. Do you typically look for investments in that range? Do you have a threshold before you decide to invest?
I’ve also heard some folks talk about the ROI on their money in (renovation, holding, real estate fees) only and measuring their return off of that.
Thanks!
Hi Steve –
For the price range we generally work in (resale for $90-130K), we typically look for a very conservative and very minimum $15K return, with $20-30K what we’re actually shooting for.
This usually provides us with a 50-100% ROI, and adjusted for time held, usually ends up being an annualized ROI of 200-400%…if we can keep that up, I’ll be very happy…
Great job.
Make sure you strap down those appliances…mine walked away last week :-0
Luis –
We put portable alarm systems in all our houses…the police would be there before they could get the fridge out the door…
J Scott,
What type of portable alarm systems do you use? That’s an excellent idea!
Josh
Josh –
Here is some more info on the alarm systems we use:
http://www.123flip.com/portable-security-system
I bought this house and it is LOVELY! You guys did a great job!
Karen –
Thank you! That’s absolutely the nicest compliment I could ask from anyone…
And you guys were absolutely fantastic to work with as well… 🙂