It’s Started!

All of this is going on RIGHT NOW at our newest flip:

Demolition At Our Flip Begins

Demo started yesterday and is in full swing today.  I’m so excited!!

I spent about 3 hours over there yesterday with our contractor and framer planning out changes to the kitchen and 2 bathrooms, and smaller changes in the dining room and living room.

Demolition At Our Flip Begins

Didn’t you know that all the cool kids were drawing on the floors and walls?  :)

Demolition At Our Flip Begins

Demolition At Our Flip Begins

The picture above is a rough sketch of the wood deck that we’re planning to replace that nasty addition (shown near the bottom of this post).

Demolition At Our Flip Begins

Demolition At Our Flip Begins

Demolition At Our Flip Begins

Demolition At Our Flip Begins

I have some meetings this morning but I can’t wait to check out the progress early this afternoon.  I’m hoping I won’t recognize the place.  :)

Time For Another Flip?

I think so!!!

We sold our last flip in early November (you can check out all of our past flips here) and we’ve been scouring the MLS and touring zillions of properties ever since then.  We even put a house on a creek lot under contract in December, but backed out just before Christmas when it became clear that our plans for adding a second story wouldn’t work – instead we’d have to tear down the house and start from scratch.  Um, no thank you!

But now I think we’ve found “the one.”  The house is teeny tiny (or at least compared to the homes that we’ve flipped in the past) at just 1,420 square feet, 2 bedrooms and 1.5 baths.  And it’s so cute!!!  There are hardwood floors throughout most of the house (score!) and the home is being sold by the original owner who lived there for 57 years and took really great care of the home.

We’ve already had the house inspected and it looks like everything is full-steam ahead – barring any unexpected problems, we should be closing in about a week and a half!

Want a sneak peek of our upcoming project?  Here are some photos I snagged from the MLS listing – it’s your typical little 50’s ranch, which is right up our alley.

Time For Another Flip?

Time For Another Flip?

This is your view when you walk in the front door – a hallway to the bedrooms and bathrooms straight ahead, and the formal living room and dining room to the left.

Time For Another Flip?

Check out the fireplace!  And there are hardwoods under all that carpet.

Time For Another Flip?

Time For Another Flip?

There is a doorway that leads from the dining room to the kitchen, which runs along the side of the house to the backyard.

Time For Another Flip?

New-ish cabinets!!  This is a first for us, for sure.  The cabinetry along the left-hand wall is Kraftmaid and is in great shape.

Here’s the view looking back towards the dining room.

Time For Another Flip?

Heading from the kitchen towards the middle of the house is the family room – for reference, it’s directly behind the formal living room.

Time For Another Flip?

Do you think it’s brown enough?  :)

Time For Another Flip?

Now we’re heading out to the hallway, back towards the front door to scope out the second bedroom.

Time For Another Flip?

In the hallway between the two bedrooms is the full bath in all of it’s original 50s glory.

Time For Another Flip?

And at the end of the hallway at the back of the house is the master bedroom.

Time For Another Flip?

Time For Another Flip?

It has a tiny attached half bath.

Time For Another Flip?

And now to the addition.  Ah, the addition.  Don’t get too attached to it.

Time For Another Flip?

This sucker ain’t staying.  It is a really poorly constructed addition that was added in the late 80s, and the roof is in terrible shape, skylights are leaking, it’s not insulated, all the windows have lost their seals, the heater doesn’t work . . . you get the idea.  So it’s coming off.  Luckily we aren’t paying for this square footage (it wasn’t permitted and isn’t factored into the price per square foot we’re paying for the house) and after we take it off we’ll still have 1,420 square feet.  But, we do have to pay to take it off which is a bit of a bummer.

Time For Another Flip?

The backyard is a really decent size, I think, especially after the addition comes off.

Time For Another Flip?

Time For Another Flip?

And there you have it!  I can’t wait to fill you in on our plans for the house, and to chat with you about it as demolition and construction get under way.  And we shouldn’t have any problems knocking this sucker out before the baby arrives in early May, so I think that’s a great bonus for tackling a project on this smaller scale.

I’m excited!

Sold!

I’ve been counting down the days since the flip went under contract in early October and now I can officially say that the flip is sold!!

Sold!

The sale went down yesterday afternoon, and the whole process over the past month or so went pretty darn smoothly.  The movers came on Thursday to put all of the staging furniture into storage, and then we did paint touch ups and little odds and ends over the weekend.  And now the house belongs to a new couple!

Here’s the timeline of how this latest flip went:

May 20, 2011 – entered into a contract to buy the flip

June 2, 2011purchased the flip

June 3, 2011 – demolition began

August 9, 2011 – construction was finished

August 12, 2011listed the flip for sale

October 4, 2011 – entered into a contract to sell the flip

November 7, 2011 – flip is sold to the new owners

All in all, we owned our third flip for 159 days.

Are you guys ready for the next one?  I know I am!!

P.S.  You can check out the whole renovation process for our third flip here, or check out all four of our renovations here.

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