Walk though with me to see this Green Button Homes project that got started in the College area near SDSU. This great Spanish style duplex is getting rehabilitated from top to bottom. Everything will be new; plumbing, electrical, roof, windows, kitchens, baths, paint and landscaping. Of course we are keeping the architectural details and gently remodeling to match the time period. We are 4 weeks in and have another 2 weeks to get it rent ready.
According to Zillow, the Median Home Value in Encinitas is $918,200 and the Median Listing Price right now is over $1,397,000 with a real lack of entry level inventory! There is only 1 other Active SFR choice right now in the $700’s, 1 in the high $800’s, then 2 over $1.2m in my area. We are not exactly in the best selling season but the market is on fire this year. Flipped houses sell at a premium because rarely does a buyer get to move in to a new home with every surface brand new and free from other peoples germs. Every surface usually has been changed or painted if a rehabber does a thorough job. Moving into a house that has been rehabbed or flipped you can expect to get no pet stains, no smells, no kids piss around toilets, not even someone’s years of old food in the garbage disposal. It’s a big luxury to know that nobody even used the toilet. Our project is All New and Germ-Free and will hit the market this Friday, stay tuned!
This was a very straight-forward remodel. We didn’t open any walls or change the floorplan around. I think I did a good job with spending the money in the right places. House flippers have a budget to work with, you don’t automatically get paid for everything you do to a project because there is a cap on the sales price. Making sure you get the best bang for your buck, and passing along a solid product for a homeowner to build on is always our goal.
Modern Bungalow ~ New Construction
Mid Century Modern ~ Remodel
Historic Victorian ~ Remodel
Craftsman Bungalow ~ Remodel
CA General Contractor Lic# 989348
Here’s the full before and after slideshow of our Mid-Century Modern remodel, (6 minutes) Hope you enjoy!