The Unexpected House has been under contract to sell for about 7 weeks now, and we’re just waiting for the 90 day deed restriction to expire so we can legally sell the property. Because we were able to get the house under contract before it went onto the market (we actually had three full-price offers prior to listing), we never took any final pictures, so unfortunately I don’t have those to provide (though I’ll try to snap some before we sell).
I mentioned previously that our goal was a $20,000 rehab and a resale for about 110K. In terms of resale price, it’s under contract for more than we had planned, but the appraisal came back a bit low, so we’ll be lowering the sale price by about $4000. It’s still near our resale goal though, so I’m not going to complain, but because this property will likely serve as a comp for The H2O House, that property will now appraise for a little bit less.
In terms of rehab budget, we came in about $1400 under our projections. Below is a detailed breakdown of the final budget numbers:
This includes the small cost of repairs for the issues found during the buyer’s inspection, so hopefully this is the final renovation tally for the project.