I had the best of intentions – I was going to hold off on telling you guys the exciting news until the deal was actually done, but I just couldn’t wait any longer.
If all goes according to plan, we will be closing on our next flip this Thursday!
(It’s not any of the houses I told you about – although we did put in an unaccepted offer on one of those, as well as another house.)
Let me tell ya, I cannot wait to start remodeling another house! We finally got a chance to tour it the other day and it has so much potential – over 2,300 square feet, 3 bedrooms, 2.5 baths, an extra room that is technically a dining room but we’re planning on turning it into a study, a big kitchen with a giant eat-in area, and a huge den with a fireplace, two built-in bookcases, a bay window and French doors to the patio. It’s going to be awesome.
This home is being sold by an estate so we’re buying it without a seller’s disclosure – that means that we don’t get any history of the house and the only things that we’ll know about it are the things that turn up in the inspection. We can tell just by looking at it that foundation work needs to be done and that we’ll be buying new windows. Other than that, we’ll be quizzing our inspector about the condition of the roof, whether the house has aluminum wiring (it was built in 1970), and the condition of all the systems in the house (like HVAC and plumbing). Fingers crossed that none of that stuff crops up, but we’re ready for it if it does.
I think we’ve got most of the renovations planned out already (tentatively, at least), but there are two areas that have me kind of stumped – the entryway and the “other room.” The entryway is pretty big and has a tray ceiling, so I like both of those aspects, but directly across from the front door it has two closets – which means that the first thing you see when you enter the house are a pair of closet doors. Not too pretty, and I’d rather that a piece of furniture could go there. I’d like to keep the storage space and access it from another room, but it doesn’t really work out that way with the layout. And the closets back to the kitchen/eat-in area, so it would be great to incorporate that storage into those rooms but there is a built-in hutch in the way that I really want to keep.
Hmm. Any thoughts?
Also, as I mentioned above, we want to turn the formal dining room into a study. The reason for doing this is to gain more cabinet space in the kitchen by walling off the doorway between the kitchen and the formal dining room. (Someone could still use it as a dining room but they’d have to trek through the den and the entryway to get there – probably not gonna happen). We think this is okay because the kitchen has a gigantic eat-in area that is a distinct space from the kitchen – and it’s big enough for a really large dining table, so I think it could definitely be used to host family, etc. I’m 99% okay with this arrangement, but that 1% is worried that potential buyers might be turned off by the lack of a “formal” dining space. That being said, most of my friends don’t want formal dining rooms and I’ve never used ours. Would the lack of a formal dining room keep you from buying a house?
I hope my ramblings made sense. Can’t wait to hear what you guys think!