If you are an investor in Washington, DC metro area and you have cash then you have hit a payday! Investors are purchasing older homes that have not been renovated for a reasonable price then rehab the properties and sell it for what could be a nice market up.
Buyers in our area want these renovated houses. Most houses were built between the 1920-1950s and the "bones" of these houses are sturdy and solid. Along with the updated and new renovations that are completed without short cuts can turn out to be a win-win for both the buyer and the seller.
Most of the houses before the renovations are very cut up with small rooms, galley kitchens and narrow hallways. Afterwards the houses have open floor plans with updated airy kitchens perfect for a family and entertaining. Some basements what used to be unfinished cellar type are now extra living space that could be used as separate living quarters. Some of the houses if you’re lucky still have the original woodwork and hardwood floors that just need to be sanded and varnished.
These houses are a mainstay in Washington, DC and it's nice to see that are original structure is appreciated with the current day "bling-bling" of modern appliances.