When you're flipping a house with someone for the first time, and you've put in equal time and money, you need to compromise when it comes to certain elements. RELATED: 5 small bathroom renovations that prove you can make a big impact with a little space Compromise They chose the latter and only covered the front of the house with shiplap, which cost $2,500 instead of $10,000. "Here's the question you need to ask yourself: Do we want to have the coolest-looking house, and make no money? Or do we want to have a nice-looking house and make a profit?" Tarek asked. The friends agreed to focus on the front of the house's exterior. The other question was whether they were willing to spend $10,000 to cover the whole house in shiplap. With the interior under control, the friends had the issue of the exterior, which Tarek thought was "really boring in the front".Ī non-negotiable was paying for a functioning patio, since they had moved doors and now had steps in the wrong places. Then, to tie the exterior of the house to the interior, they painted the front door blue for a bonus touch. Painting the island bench blue made a big difference.
Robert thought it might be "too bright and in your face", but in the end Robert agreed to the blue paint job, which cost them an extra $900. I know I did say that the navy blue cabinets would be too dark, but a lighter blue island would look really great." Obviously if it was blue it would be bold and stand out. Tarek thought the kitchen needed to pack a bit more punch. But after seeing the white cabinets with the tile and flooring, Tarek wondered if they could get away with adding colour to the island bench. Tarek and Robert had already chosen a patterned tile with blue accents for the kitchen's splashback and decided against navy cabinets because they thought it would be too dark. Tarek joked he was glad Robert wasn't doing the tiling. Tarek reassembled the tiles into the following pattern, proving how a small change can have a big impact. They took turns playing with the tiles for the kitchen splashback, and this is how Robert arranged them: Tarek wasn't a fan of the way Robert assembled the tiles.
Then Tarek gave Robert a quick lesson in contemporary versus modern. "So now we need to figure out what design we want to go with." "This is an entry-level price point, so the buyer for this house is probably going to be a younger buyer, and younger buyers want more contemporary and modern," Tarek told Robert. Buyer potentialĪs a former real estate agent, Tarek knew certain design choices could entice the kind of buyer they wanted. They considered leaving the wall in but decided it would be much more worth it to open up that space, especially since the house was on the smaller side.
Then they learned the main wall they wanted to take out would cost $3,500. It would add another $2,500 to repipe the house. (Nine)Īfter demolition they found more issues, like plumbing. Removing walls added costs the friends hadn't planned for. With the removal of walls and adding an extra bathroom off the main bedroom, the revised amount was $81,000. When the house was finally cleared of junk the rehab estimate was $75,000. There are so many things that will change over a renovation, especially the budget. They had to pay $6,000 upfront just to get rid of everything - a sizeable cost considering they had allocated $80,000 for the total renovation. Junk was piled everywhere, even in the bathroom.
0 kommentar(er)
