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Rehabbing, flipping, turning a profit, renovating......... call it what you want. It must be done right. I have seen a number of people go into a home with ten gallons of white paint. They cover the walls, floors, cabinets and ceramic tile in the bathroom. Next they will put on a few shiney faucets and knobs, clean the carpet and call it a rehab. NOT what I would buy if I was out looking for a home.

When I rehab a home, I get a little carried away. My wife keeps reminding me, "you're not going to live there" but I can't help thinking -- how would I want it to look if I was the buyer?

I always gut the kitchen and put in new cabinets, ceramic floor and granite counters. Yes, there is fresh paint throughout but it is a neutral color with all the trim painted a contrasting white. All carpet, out with the old, in with the new. New lighting throughout. New faucets throughout. Repair or update any plumbing and electrical defects. Fresh landscaping for curb appeal. Bring the house up to code. Even if the city I am working in does not have a required city inspection, I treat the project as if an inspection was done.

The first thing a buyer sees when they pull up to one of my homes is the new mailbox, porch light and house numbers. The fresh landscaping catches their eye. I want my buyer to walk in the door and say "WOW".

I want my buyers to be able to move right in and enjoy the home without worrying about the things that need to be fixed. I want to eliminate any negative thoughts. I don't want them to say "there's a couple of things about the house that we need to think about first".

Rehabbing, flipping, turning a profit, renovating --- there is a difference.

 
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5 Comments on Is this home rehabbed or rehashed?

SEP
05
2010

Sounds like you do a great job!  I have seen too many rehabs where no thought was given to curb appeal.  The devil is in the details!

3:04pm • #1
177,136 Points 1 Featured Post

Craig,  WOW!! we do think a lot on the same lines your post is if had posted it.  Keep up the good work.

4:48pm • #2
SEP
06
2010
127,486 Points 6 Featured Posts Called Shot Master

Dana -- details, details, details. It's the little things that people notice. Make it a positive note, not a negative one.

Don, I strip out the old closet (one pole, one shelf) and put in closet organizers to maximize the space. I will even go as far as changing out all the electricasl outlets, switches and cover plates to give it that "new" look.

8:15pm • #3
SEP
07
2010

Craig, I do it the same way. I look at it like "would I want to live there?"

4:53pm • #4
SEP
16
2010
555,624 Points 31 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Love how you tackle a flip Craig! You'd do fabulous here in the Triangle...  Great advice to those looking to actually make money on their investment!  

9:11am • #5

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Craig Snead / Real Estate Investor

Dearborn Heights, MI

More about me…

Quality Home Investments, LLC / Dearborn Heights, MI

Address: Ford Rd, Dearborn Heights, MI, 48127

Cell Phone: (734) 776-2988

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