Skip to main content

Rental Property Remodel Update

We purchased the property right next door to our house back in the summer as an investment property. We have been in full renovation mode since.

The house was a beautiful stone home, built in 1950. The curb appeal was where the beauty stopped.   



This was a foreclosure home, so we knew before we even looked at the house that there would be some issues. However, the house was a 2 bedroom, 1 bathroom home with a good layout. It also had a attached one car garage, a detached two car garage and a fenced in backyard. So to us it was a great investment and why not start with a house right next door to your own?!?

We saw the "for sale" sign posted on a Friday and made an offer on Monday. We got our offer accepted, so the renovations began!

The house was very dirty and smelly on the inside. The previous home owners obviously had gotten used to the smell. It was a mixture of smoke, pet odor, pet urine and musty/wet smell. Let me just tell you that the hubby couldn't stand to be in there without wanting to gag. Once we painted all the walls and ripped up the carpet the smell was mostly gone, but once we sanded the hardwood floors it really helped our smell issue!


The entire house got a fresh coat of paint.We painted all the walls and ceilings in the house. We were trying to go for a neutral color since the house was smaller. I wanted it to feel more open. 



The hubby didn't want to paint the ceilings, until this picture when he painted white paint on top of what should have been white. What a difference a little paint can make!



Since we plan for this property to be a rental property, we wanted to refinish the hardwood floors. In the long run it will be cheaper than constantly having to replace carpet. They turned out fantastic! They still need the polyurethane coats, but then we will really be in business.



We laid down laminate flooring in the kitchen. It's much easier than I thought it would be! My brother-in-law and I managed to tackle it without many issues.



I removed terrible wall paper borders down in the kitchen and bathroom. Let me tell you the inventor of wall paper should be shot. It is terrible to take off the wall, even with wall paper remover gel spray. Talk about making a mess!

We took care of the whole musty smell by adding two dehumidifiers down in the basement. Talk about a huge difference. I don't know why more people don't invest in them. It's under $200 to keep from having mold and mildew show up!



We still have a lot of little things to do. Add trim to the kitchen and bathroom, polish the kitchen cabinets, add the handles back to the kitchen cabinets, add appliances, paint all the air vents, put all the light switches back on, lay the bathroom and back entry floors, paint the window trim and baseboards. I feel like we knocked out a lot of our big projects, but we have a lot to go before our new renter lives there in October.

But I think we are well on our way to a great investment property!

Until next time,

Kara




Comments

Popular posts from this blog

Book & Movie Review- Molly's Game

Joe and I recently read the book Molly's Game. We decided we would read the book while we waited for the movie to come out on DVD. photo credit link It is hard to believe it was a true story and just not made up. I am not one who likes biographies or reading to "learn." I like a good dramatic up and down story and this fits into that category. It's an action packed book about poker, greed, and knowing who to trust.  Molly Bloom- photo credit link The book details Molly Bloom's rise to run a secret celebrity rich poker game in back rooms and fancy hotels. The book drops some big names that many will recognize from many movies we watch on the big screen. IMDb's description of the movie is, "The true story of Molly Bloom, an Olympic-class skier, who ran the world's most exclusive high-stakes poker game and became an FBI target." photo credit link I would highly recommend reading the book first, because the movie does not use names ...

Happy Friday!

Happy Friday! We haven't had a ton going on this week. It has finally gotten above 32 degrees in Indiana. I swear it hits 40 and it feels like summer. Varsity basketball is officially over, so it is kind of nice having no planned events going on! I got my first 200 in bowling! We bought me a new ball that hooks some. I am still trying to get used to it, but we all start somewhere! I have a recent obsession with Jamberry nails. They are vinyl stickers with designs on them for your finger or toe nails. They are pretty simple to put on and look like you went and got a manicure. I like getting my nails done, but I do not like what it costs to do that. This is a more cost efficient way to do that! I bought Mockingjay Part 1 on DVD last Friday when it came out. I was so excited! I cannot wait until November when the final movie comes out! I had been looking for some app to put our vacation pictures to with music so I would have a fun way to look at them. I foun...

Friday Things

Blogging has been one of those things that has fallen to the wayside. Life gets busy. Anyone else with an almost two year old knows... you can't turn your back for a minute!  Anyways, I want to try to blog more often. It's a way to look back at things we have done and reflect. Time flies and you forget little things and my blog is a way to look back. So to catch up with us a little. Cassie will be 22 months this week. WHERE HAS TIME GONE? I mean we have an almost 2 year old. It's hard to think about. She is spunky, stubborn, sweet, and funny. She's talking more and more and getting louder at doing it. Our nephew has a bounce house at his birthday party and she loved it! She isn't too coordinated yet, but she will sure try to keep up with the older kids. PS. Do you see that little pony?!? I love it, but seriously if she doesn't have her hair in a pony tail it looks ridiculous. She is at the weird growth stage where she doesn't have a ton but it has a ...