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04-24-2010, 06:45 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Nov 2007
Posts: 5,596
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The Rental House Project
Thought the "do it yourselfers" might enjoy this. DH and I have been busy fixing up our rental house. So far, we've:
- Had new siding installed
- Demo'ed and upgraded the master bath
- Installed new flooring tile in the dining room/kitchen, and most recently,
- Installed new porcelain tile counter tops to replace the old blue laminate.
In addition to the above, we've repainted everything, installed two new sinks, and done tons of smaller upgrades and repairs.
I ran out of room for pictures, so I'll add the countertop job in a seperate post.
Our next project is adding a garage. That'll be interesting.
Whew!
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I purr therefore I am.
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04-24-2010, 06:47 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Nov 2007
Posts: 5,596
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Here is the countertop job:
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I purr therefore I am.
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04-24-2010, 07:10 PM
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#3
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Recycles dryer sheets
Join Date: Aug 2009
Posts: 348
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nice job... you will never lose money upgrading a rent house in my opinion...
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I am FIRE'd... :)
contract on the house, bought an RV and now traveling across America
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04-24-2010, 09:42 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2008
Posts: 35,712
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A nice small house! All it needs now is a garage for an RV. 
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"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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04-24-2010, 11:08 PM
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#5
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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All it needs now is a tenant! When are you adding one?
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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04-25-2010, 07:01 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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What do you expect the ROI from your improvements to be?
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For the fun of it...Keith
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04-25-2010, 07:06 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 2,433
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Very nice work Purron. Did you and DH do all the labor yourselves?
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I'd rather be governed by the first one hundred names in the telephone book than the Harvard faculty - William F. Buckley
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04-25-2010, 08:22 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
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With the exception of the new siding, DH and I did all the labor ourselves. I have no idea what the ROI will be, but know after being rented for nearly 12 years, the place really needed sprucing up. The rental is on two acres of land. It's near the Dulles Airport high tech corridor and is about 24 miles from DC, so even in this market; we anticipate it'll hold its value. We thought about tearing the house down and building a bigger one on the lot but decided against it. This area is saturated with McMansions and smaller, modest homes are more in demand. Subdividing the lot is not an option due to zoning restrictions.
We're holding off on new renters for now. The plan is to move into the rental and fix up the house we're currently living in. It's only 8 miles away, so not a big move. Our current home needs paint, carpet, new appliances, countertops and windows. Neither DH nor I want to live through a renovation project.
Once our main home is fixed up, we plan to sell one or the other. The local market's good now, but as we all know, may falter again once the buyer incentives expire. If selling doesn't work out, we'll go back into the landlord business.
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I purr therefore I am.
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04-25-2010, 08:31 AM
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#9
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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If DH and I are ever in the position of needing a rental near DC, I know who I'm calling. That house looks so comfortable, Purron. Wow, what a big lot, too.
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“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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04-25-2010, 09:00 AM
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#10
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 649
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That looks like a sweet little retirement house. I think I'd live in it and sell the other one. Build a nice garage next to it, and you're good to go. Very nice work on the interior renovation.
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"There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
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04-25-2010, 09:16 AM
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#11
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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I really like how you did the back splash in the kitchen.
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No more lawyer stuff, no more political stuff, so no more CYA
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04-25-2010, 09:33 AM
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#12
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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Look! Down the road, here comes the HGTV crew! Love these kinds of make-overs. Sounds like a perfect plan, and most importantly there's plenty of space for cat(s).
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04-25-2010, 09:39 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Nov 2007
Posts: 5,596
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A few more pics of the project:
- Siding job from the back of the house
- Refinished wood floors
- Close up of new kitchen/dining room tile
We may decide to stay in the little place, but it really depends on which house will be easier to sell. It's about half the size our current place so we'll be "de-junking" big time. Not a bad thing since we have way too much stuff.
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I purr therefore I am.
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04-25-2010, 12:18 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2006
Posts: 11,401
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 Quote:
Originally Posted by Purron
We may decide to stay in the little place, but it really depends on which house will be easier to sell. It's about half the size our current place so we'll be "de-junking" big time. Not a bad thing since we have way too much stuff.
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It's a delightful little house! You are in a great position. Escaping living through a renovation is worth a lot and at the end of it you will have two excellent homes to choose from, with the prospect of a large cash inflow.
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04-25-2010, 01:01 PM
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#15
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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What a great job you did ! That house is perfect !
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04-25-2010, 01:27 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
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Posts: 5,596
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Quote:
Originally Posted by CuppaJoe
Look! Down the road, here comes the HGTV crew! Love these kinds of make-overs. Sounds like a perfect plan, and most importantly there's plenty of space for cat(s).
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Naturally, the cats will make the final decision. After all, we exist for their comfort and convenience.
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I purr therefore I am.
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04-25-2010, 03:28 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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I absolutely love that house!  Y'all have done a fabulous job!
Quote:
Originally Posted by Purron
Our next project is adding a garage. That'll be interesting. Whew!
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Uh oh... 
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There's no need to complicate, our time is short..
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04-25-2010, 03:40 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Nov 2007
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Quote:
Originally Posted by bbbamI
I absolutely love that house! Y'all have done a fabulous job!
Uh oh... |
I love it when say "y'all"  And yeah, "Fluff Cat" is a good representation of the potential hassle of building a garage. We'll hire someone for the main work and finish it ourselves. I'm thinking living in a much smaller place means DH needs space outside the house, so we're thinking a big garage with lots of space for his junk stuff. Oh, and an extra fridge for brews so he won't have to come inside when he's goofing off working out there.
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I purr therefore I am.
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04-26-2010, 12:25 AM
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#19
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gone traveling
Join Date: May 2008
Posts: 3,864
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Great job, Purron and DH! Very well done. 
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04-27-2010, 08:24 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,532
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Great job. I would want to downsize to a smaller place. That house looks perfect. My DH would want a 3 car garage and it would be absolutely perfect. Love the setting.
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