Background: This home suffered from decades of deferred maintenance when we purchased it.
Renovations Done: New siding, new deck, new HVAC and ductwork, connect to city sewer, extensive landscaping, two-bathroom redos, replace all windows and doors, reconfigure & upgrade the kitchen, refinish & repair hardwood floors, drywall most of the house, new electrical service & wiring, plumbing work, deep clean the interior, paint the entire interior.
Project Financial Highlights:
- The renovation budget was 105% of the purchase price
- Our annual Cash on Cash return after all renovations is 12% (before tax benefits)
- Since project completion, our equity has appreciated 58%