Refinishing a pool could cost about 2500.
Paint inside and out.
Stone decoration on the garage front
Removing trees, that can add up.
Not much done to the kitchen, added tile and paint, but not electrical canned lighting and no fancy stove.
New carpet.
New bathroom cabinets at HD.
I wouldn’t pay 100k extra for it. That’s just me.

Refinishing a pool could cost about 2500.
Paint inside and out.
Stone decoration on the garage front
Removing trees, that can add up.
Not much done to the kitchen, added tile and paint, but not electrical canned lighting and no fancy stove.
New carpet.
New bathroom cabinets at HD.
I wouldn’t pay 100k extra for it. That’s just me.

[quote=jpinpb]Refinishing a pool could cost about 2500.
Paint inside and out.
Stone decoration on the garage front
Removing trees, that can add up.
Not much done to the kitchen, added tile and paint, but not electrical canned lighting and no fancy stove.
New carpet.
New bathroom cabinets at HD.
I wouldn’t pay 100k extra for it. That’s just me.[/quote]
* They took down the faux brick in the kitchen. Who knows what the walls were like under it… so possible drywall work there.
* They added appliances – previous listing was missing stove and fridge. Not high end… but something is better than nothing.
* They removed the screened porch thing – restoring it to just a covered patio, non enclosed. Pretty simple demo, but a good move.
* They removed the bars from the windows.
* They got rid of the oleander in the front. (Something I think jp can relate too iirc). Cleaning up the yard was probably at least $1k, maybe more.

All told they probably spent around 30-50k. But a lot of buyers want things “done” and are unwilling to do the work themselves, or hire folks to do the work.

As far as flips go – at least this one adds some value… A lot of flips just relist and jack the prices up

Keep in mind this was listed at trustee auction for $350k (and didn’t sell)… so the $290k was a bank listed foreclosure sale.

[quote=jpinpb]Refinishing a pool could cost about 2500.
Paint inside and out.
Stone decoration on the garage front
Removing trees, that can add up.
Not much done to the kitchen, added tile and paint, but not electrical canned lighting and no fancy stove.
New carpet.
New bathroom cabinets at HD.
I wouldn’t pay 100k extra for it. That’s just me.[/quote]
* They took down the faux brick in the kitchen. Who knows what the walls were like under it… so possible drywall work there.
* They added appliances – previous listing was missing stove and fridge. Not high end… but something is better than nothing.
* They removed the screened porch thing – restoring it to just a covered patio, non enclosed. Pretty simple demo, but a good move.
* They removed the bars from the windows.
* They got rid of the oleander in the front. (Something I think jp can relate too iirc). Cleaning up the yard was probably at least $1k, maybe more.

All told they probably spent around 30-50k. But a lot of buyers want things “done” and are unwilling to do the work themselves, or hire folks to do the work.

As far as flips go – at least this one adds some value… A lot of flips just relist and jack the prices up

Keep in mind this was listed at trustee auction for $350k (and didn’t sell)… so the $290k was a bank listed foreclosure sale.

[quote=jpinpb]Refinishing a pool could cost about 2500.
Paint inside and out.
Stone decoration on the garage front
Removing trees, that can add up.
Not much done to the kitchen, added tile and paint, but not electrical canned lighting and no fancy stove.
New carpet.
New bathroom cabinets at HD.
I wouldn’t pay 100k extra for it. That’s just me.[/quote]
* They took down the faux brick in the kitchen. Who knows what the walls were like under it… so possible drywall work there.
* They added appliances – previous listing was missing stove and fridge. Not high end… but something is better than nothing.
* They removed the screened porch thing – restoring it to just a covered patio, non enclosed. Pretty simple demo, but a good move.
* They removed the bars from the windows.
* They got rid of the oleander in the front. (Something I think jp can relate too iirc). Cleaning up the yard was probably at least $1k, maybe more.

All told they probably spent around 30-50k. But a lot of buyers want things “done” and are unwilling to do the work themselves, or hire folks to do the work.

As far as flips go – at least this one adds some value… A lot of flips just relist and jack the prices up

Keep in mind this was listed at trustee auction for $350k (and didn’t sell)… so the $290k was a bank listed foreclosure sale.

Just adding what has already been listed. Looks like they did new windows throughout and slider or french doors next to kitchen. Probably did a new front door too. One bath got new tile surround and fixtures for bathtub. I think UCGal has a good estimate at about 30-50K.
I also agree that I would not like to pay 100K more for that amount of work. I don’t think the house would have sold for that low if it had a full kitchen.

Just adding what has already been listed. Looks like they did new windows throughout and slider or french doors next to kitchen. Probably did a new front door too. One bath got new tile surround and fixtures for bathtub. I think UCGal has a good estimate at about 30-50K.
I also agree that I would not like to pay 100K more for that amount of work. I don’t think the house would have sold for that low if it had a full kitchen.