This Mesa, Arizona home was purchased by an investor for $110,000.
Before Family Room.
After Family Room. The remodeled home sold recently for $166,000.
Before Kitchen.
After Kitchen. They kept the cabinets.
Another After view.
Before Living Room.
After. Not an exact photo match, but gives you an idea.
Before Master Bedroom.
After Master Bedroom.
Before Front of House.
After Front of House. Very subtle changes.
13 responses so far ↓
1 Picky // Jun 23, 2012 at 11:59 am
Congrats to the investor. a $56,000 profit for some brown paint and stainless appliances is pretty good. too bad the same can’t be said for the house. what a bland disappointment it turned out to be.
2 maria // Jun 23, 2012 at 12:39 pm
I think I’m going to get into the flip-a-home business. I mean, if you can make a 56 grand profit with just a can of paint, a bunch of rocks, stainless steel appliances (probably used) and a couple of pillows piled onto the window seat…well, why not? At this rate, I can be a millionaire by the end of the year.
3 Cregazw // Jun 23, 2012 at 1:15 pm
Hey! Don’t forget he added Garage Windows too. That adds up.
4 Murphy // Jun 23, 2012 at 1:52 pm
We don’t know the circumstances here. Maybe a family member bought it from an estate, repainted and then sold it for a profit.
I wouldn’t call it “flipped”
5 Jozef // Jun 23, 2012 at 3:30 pm
uugh, not taupe again!
6 TLynn // Jun 23, 2012 at 7:34 pm
I enjoy the before and after posts, Leif.
7 Melykin // Jun 23, 2012 at 9:50 pm
I don’t understand the obsession with granite counters. Sometimes I watch house hunting shows on TV and it is the same thing–a couple walks into the kitchen in a house and immediately begins to gripe if there are no granite counter tops. They are horrified at the idea of not having granite counters, as if living without them would be on a par with living without indoor plumbing. They also whine if there is–horrors–linoleum on the floor. What’s wrong with linoleum?
I just don’t get it. I must be too old to keep up with new things.
8 mimi // Jun 24, 2012 at 5:46 am
The new look is really “greige”, but I like it too, as well as the old look. What’s funny is that people are willing to pay that much extra for what amounts to a bucket of paint.
House Hunters is faked, evidently.
http://consumerist.com/2012/06/just-how-fake-is-hgtvs-house-hunters.html
9 Leif // Jun 24, 2012 at 9:19 am
As much as gray and tan seem boring, they represent something more to many buyers today: a savings of time and money. These homes are move-in ready. Busy buyers don’t have time to fix up a home. Low interest rates are making this a no-brainer.
For example, let’s say a home needs $10,000 in basic updating (flooring, paint, fixtures, baths, kitchen). At 4% interest, that’s around $5 per month per $1000 borrowed. So buy a home that’s already remodeled, pay $10,000 more, and pay $50/month more.
$10,000 divided by $600/year = almost 17 years.
10 Dale // Jun 25, 2012 at 1:30 pm
I doubt that with land transfer taxes, lawyers fees etc, that they made even 50,000 profit on this. Still fantastic $ for what appears to have been done.
As much as I don’t like the “greige” colors, bear in mind that in todays market, you have to appeal to the most number of people possible. That means bland. I don’t know how many homes I show people and they are love the home, but the color of one or more rooms is a deal-breaker for them. I’m always telling them “you CAN paint it you know”. This seems to be an issue for some as they can’t be bothered, or don’t want to do to the “expense” of painting on their own.
I know. People are strange.
For what it’s worth, much of the entire Staging industry is based on this. If the original owners (the bank?) had bothered painting the kitchen cabinets, the walls a nice neutral color, and the exterior, they probably could have gotten more than 110,000 for it.
11 VWgal // Jun 27, 2012 at 3:54 pm
I love the white kitchen! Looks bright and inviting - much better!
12 MimiR // Aug 19, 2012 at 3:20 am
The shrub trimming on the right shrubs was a mistake. The brown areas will never be green again. Stupid.
13 Greeney // Feb 13, 2013 at 7:00 pm
People who gripe about wall colors really get on my nerves. So shallow! And the granite craze! I wouldn’t want to sell to people like that if I were selling my house. I’d show them the door.
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