Audacious Flips and Renovations
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Alan
Bubble Banter Boss
Joined: Sun Feb 18, 2007 7:08 pm
Posts: 780
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 Re: Audacious Flips and Renovations I agree with Susan Ryan that the buyer shouldn't care how much money was put into a house. Price it on its own merits. If it sells at that price then so be it and good for them. Personally I don't get how construction and jobs suddenly warrant six figure salaries, but whatever. That house is so far out of my price range that it isn't even worth thinking about. I would need to triple my income to afford that house.
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| Thu Apr 10, 2008 12:10 pm |
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rose-colored-coolaid
Bubble Banter Boss
Joined: Mon Jun 18, 2007 10:26 am
Posts: 1977
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Re: Audacious Flips and Renovations PublicEnemy#1 wrote: If you want efficient, build something new... Please?
I'm more or less with you, except this part. There is a lot you can do to make a house more efficient which will not destroy its charm. New windows and insulation at a minimum. The main thing is that nothing about the house should be too out of proportion. Don't like the 1940's era 80 sqr ft kitchen, then it's fine to renovate that, but don't replace it with a kitchen consuming 1/3rd of the total square footage of the house.
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| Thu Apr 10, 2008 6:57 pm |
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PublicEnemy#1
Reductio ad Absurdum Champion
Joined: Sun Feb 17, 2008 8:00 am
Posts: 80
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Re: Audacious Flips and Renovations Quote: New windows and insulation at a minimum. I think what you are saying here is spot on, providing it is done properly. Aesthetically speaking, white vinyl double pane low E's will NEVER look like the leaded glass windows in my current home. I have storm windows installed on the inside to help with thermal loss, but that's where it stops for me. Because to pull the leaded windows on a 1929 Tudor will only destroy part of what drew me to the house in the first place. As far as insulation, yes, I agree that adding insulation into my attic space will help me next winter. Thankfully, I live in a house that is constructed of brick on the entire first and second story with half timbering in the attic peaks so I haven't seen any shocking natural gas bills yet. But then, I am also on steam heat (Trane Vapor System, it's in the walls and it's a CONVECTOR system, not a cast iron radiator system, which means much less time to heat up the house). Having bailed on Seattle at the top of the bubble, I am quite content to cope with the potential for higher energy costs in exchange for a huge cost of living decrease and free money in the bank. But I understand that's not for everyone.
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| Thu Apr 10, 2008 7:47 pm |
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Civil Servant
Bubble Blatherer
Joined: Thu Apr 17, 2008 8:05 am
Posts: 87
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West Seattle: from $363K to $640K in under 2 years http://www.redfin.com/stingray/do/print ... id=1652362This 1974 split-level is seriously not much to look at from the outside, but 5 of the 15 photos feature close-ups of new appliances, ostentatious finishings, and the obligatory granite. So there you go.
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| Fri Apr 18, 2008 3:55 pm |
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Alan
Bubble Banter Boss
Joined: Sun Feb 18, 2007 7:08 pm
Posts: 780
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Re: Audacious Flips and Renovations Are these people homeowners or applicance salesmen?
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| Mon Apr 21, 2008 9:55 am |
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WestSideBilly
Bubble Banter Boss
Joined: Mon Feb 04, 2008 1:41 pm
Posts: 550
Location: Land of entitlement
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Re: West Seattle: from $363K to $640K in under 2 years Civil Servant wrote: http://www.redfin.com/stingray/do/printable-listing?listing-id=1652362
This 1974 split-level is seriously not much to look at from the outside, but 5 of the 15 photos feature close-ups of new appliances, ostentatious finishings, and the obligatory granite. So there you go. I thought it was pretty funny that they didn't bother putting in a gigantic stainless fridge in the lower unit, or a stainless kegerator for that matter. Decent setup, though. Pet peeve: "an historic" is something snooty British people on the history channel say. Pet peeve #2: Anything built in 1974 is not historic.
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| Tue Apr 22, 2008 8:10 am |
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ayles
Bubble Blatherer
Joined: Mon Feb 26, 2007 1:05 pm
Posts: 86
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Re: Re:
Last edited by ayles on Fri Apr 25, 2008 6:17 pm, edited 1 time in total.
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| Fri Apr 25, 2008 10:13 am |
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biliruben
Bubble Banter Boss
Joined: Sun Feb 18, 2007 4:31 pm
Posts: 575
Location: Lake City
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Re: Audacious Flips and Renovations It's baaaaaack. The mother of all flips has returned to roost. The first house posted to this thread goes back on the market with a new deck and a new price:  Sold for 625K in 2006 Sold for 795K in 2007 (after listing at 840K) Today it went on the market for the nice round figure of 867K! http://www.redfin.com/stingray/do/print ... id=1676580Any guesses if it will sell, and if so, what for?
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| Fri Apr 25, 2008 3:27 pm |
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Civil Servant
Bubble Blatherer
Joined: Thu Apr 17, 2008 8:05 am
Posts: 87
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Re: Audacious Flips and Renovations Bought for $843.5K in September, selling for $1.25m today. http://www.redfin.com/stingray/do/print ... id=1629739But wait! The house now features DESIGNER PAINT. Some of the new Queen Anne condo buildings have a lot of units available. For some price-per-square-foot hilarity, have a look sometime.
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| Sat Apr 26, 2008 10:19 am |
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ira s
Bubble Bloviator
Joined: Mon Jan 28, 2008 10:05 am
Posts: 284
Location: Seattle, WA
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Re: Audacious Flips and Renovations billiruben,
Yes, it'll sell, and for 775,000 dollars, and maybe not in the next few months.
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| Sat Apr 26, 2008 9:43 pm |
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biliruben
Bubble Banter Boss
Joined: Sun Feb 18, 2007 4:31 pm
Posts: 575
Location: Lake City
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Re: Audacious Flips and Renovations My guess is that it will sit for a long, long time.
Of course I thought I would have trouble selling my place, and as of yesterday I'm officially homeless. Yay! Got while the the gittin' was good.
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| Sun Apr 27, 2008 8:04 pm |
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perfectfire
Bubble Banter Boss
Joined: Sun May 20, 2007 11:40 pm
Posts: 523
Location: Bellevue
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Re: Audacious Flips and Renovations biliruben wrote: Of course I thought I would have trouble selling my place, and as of yesterday I'm officially homeless. Poor guy. You could use a bailout.
_________________
Remember, if you rent it's not a home, it's a hovel.
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| Sun Apr 27, 2008 8:46 pm |
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Markor
Bubble Banter Boss
Joined: Sun Jun 17, 2007 11:04 pm
Posts: 604
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Re: Audacious Flips and Renovations biliruben wrote: Of course I thought I would have trouble selling my place, and as of yesterday I'm officially homeless. Yay! Got while the the gittin' was good. Congrats! What do you think did the trick so soon?
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| Sun Apr 27, 2008 10:48 pm |
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biliruben
Bubble Banter Boss
Joined: Sun Feb 18, 2007 4:31 pm
Posts: 575
Location: Lake City
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Re: Audacious Flips and Renovations Thanks!
The number one thing was pricing it right. I studied the comps for my segment and neighborhood very closely, and it was apparent that nothing was moving that was priced too high. My agent was even more pessimistic, but I thought we'd try the top-end of what things were selling (not listing) for for a couple of weeks, and be prepared to slash if necessary. Prompted multiple offers, waived inspection. Escalator clause. If the house is priced right, it's still selling. If you let it get stale, then try to lower it, it is often too late. The house garners a stigma. "Why hasn't anybody else wanted this house..., what's wrong with it?"
That and getting it in impeccable condition with new bamboo floors and painting it. We attracted 2 down-sizers, which was key.
All the first-timers who were interested hadn't qualified for a loan. Yet?
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| Mon Apr 28, 2008 7:35 am |
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biliruben
Bubble Banter Boss
Joined: Sun Feb 18, 2007 4:31 pm
Posts: 575
Location: Lake City
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Re: Audacious Flips and Renovations Back on topic:
The flipper next-door is no longer speaking to me.
He implored me to list 30-40K over where we did. Now he's going to have rethink his price-points.
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| Mon Apr 28, 2008 8:58 am |
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