Monday, December 8, 2008

Flip Updates

the Victorian after it was sandblasted to remove as much paint as possible

We have made quite a bit of progress on our flips.

The quick one has been on the market for about a month. We had an offer that fell through. The woman lied about being able to be a cash buyer & could not qualify for financing. That was a little unfortunate, but probably a good thing in the end. The house now qualifies for FHA financing (which is a very good thing) and the showings have picked up quite significantly. Here are some more pictures of it done. I never got any before pictures because the contractor started working the same day we closed. And, well, my husband forgot to take some.

The big project has been, well, a big project. It took several weeks longer than planned to get the new furnace installed & passed inspection because the furnace guy booked too many jobs at the same time. And the drywall & texturing has turned in to a bit of a nightmare. The contractor promised he would be able to do all of it in a matter of days. He ended up taking weeks to finish & used more than 3x the materials that he should have. (The contractor is paying for the additional materials, not us.)

So we are a little behind (by about 6 weeks). But our contractor is working hard to get us done as quickly as possible. And really, with Christmas coming, it is probably OK to be behind a little since it wouldn't make a whole lot of sense to put a house on the market right before Christmas anyway.

The good news is that the walls are done; textured & painted. The bamboo floors are in. The travertine tile is going into the kitchen. Lights are all installed. New windows are installed. And the spiral staircase will be ready sometime next week. So things are coming together pretty quickly at this point.

Our camera is having some issues, so I don't have a whole lot of pictures. But I did add some to the group. Sorry that some of them are a little weird to look at.

So what do you think of the progress? Would you want to live there?

No comments: