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Every time we acquire a wholesale property, we have to make crucial decisions about the rehabilitation plans that can significantly affect the resale of the property. More than ever, we are investing in homes at higher price points and it's necessary for us to strategically rehab the property so that the finishes, appliances and styles will appeal to buyers seeking a home in an upscale neighborhood. As investors, our mind set is always focused on bringing in the highest cash on cash return on a deal while creating a home style that will appeal to a large number of buyers so the home will sell quickly. Modern architecture has always been faced with a sense of apprehension from the mass market. If we rehab a house in the clean, minimalistic style are we eliminating a huge segment of the market that this style does not appeal to?
We took the risk and rehabbed several homes in the modern style over the past few years and our own experience may surprise you! We flipped several mid-century modern homes that sold quickly in the 300-550k range. This spring, our team acquired an outdated Mercer Island ... more
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