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Thursday, July 23, 2009

My Home Flipping Project

Home flipping can be quite lucrative if done properly. First you must have purchased the home at an appropriate price and second invest the right amount of money in the right places. Just because you put thousands of dollars into a home doesn't mean you'll get it all out. It's all about right decisions. Everyone knows not to buy the MOST expensive home on the street it's not a good investment so don't flip to be the top of the top you want to be attractive and appropriately priced in the end. Here are some pictures of my most recent home project. I've been in this home for 2 years doing this project with my handy husband & my decorating / staging skills.
This home is listed on the market as of today! The country market is slower but this house is a gem, we've even got our first showing booked only hours of being on the market!!


Basement Bar
-Originally this bar was just a hole in the wall with an ugly orange counter interior. Gutting the area leaving the 2 primary walls and adding an angles wall improved on space. Pod lights increased on the lighting in this space. Not this is a basement hot spot.


Basement Movie Area
-The dark wood paneling & white stucco on top was very dated and ugly. We gutted that basement re-insulated the walls added new windows and re-dry walled the whole space.
The laminate was also replaced from that 99c. cheap stuff to industrial grade laminate that looks like real hardwood but stands up to more wear and tear.


Living Room
-The before room had bright yellow Venetian Plaster...yuck, with dark green curtains.
The layout and amount of items with in this room was way too much, re-arranging the furniture, decluttering and updating the paint.


Master Bedroom
-Originally this room was a disaster. Everything about it was wrong, including the green carpet with red walls. We removed the carpet and replaced it with a neutral Berber, repainted the walls and added appropriate drapery. This allowed people to view the fields and patio in the back.

So, as you can see this whole home took us some time. If you have never flipped a home before or don't know where to spend your money appropriately then DON'T DO IT! too many people fail because they get emotionally invested and spend too much in the wrong places. If you are keen on doing so hire a professional to consult with during your flipping projects. We offer such services where we can guide you on what investment's are better than others and approve or disapprove of colour schemes for the home. Keep it neutral, appealing to all don't get funky or you'll lose your money. Most homes in Ottawa will not support the "funky" aspect.

Happy Staging
-Kristy

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