Our New Income Property

23 Jun

We have a brand new project to share— a new fixer upper that we plan to keep and rent out long term. It’s a 1930’s bungalow with 2 bedrooms and 1 bathroom.
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It needs a complete renovation but has good bones and a lot of charm. It’s in a great neighborhood: terrific schools, walking distance to town and train. Another house for rent in the neighborhood received 38 applications, so we’re hoping it will be easy to find some great tenants.

Here is the grand tour of before photos and our plans to bring it back to life!

We don’t plan to do too much to the exterior for now, just clean it up and do some landscaping. We will be ripping out these overgrown bushes, replacing the front door light, mailbox and are having a new screen door made as it’s rotten.
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The side of the house just needs some landscaping. Everything is really overgrown.IMG_6940

We’re ripping out all of the overgrown bushes in the backyard and the garage needs a new roof and garage door. IMG_6941We will be putting a whole new kitchen in, with new cabinets, stainless steel appliances and granite countertops.
IMG_6942Here is the dining room which will be getting new paint and lighting. There are wood floors throughout the house which will be getting re-finished.

IMG_6954The living room will also see fresh paint and re-finished floors. The fireplace will get a cheap upgrade. We plan to paint the brick white, stain the mantel, remove the paneling and re-tile the hearth.

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IMG_6951Here’s the hallway that leads to the bedrooms and bathroom.
IMG_6956In the bathroom, we will be tiling the shower and adding a shower head since it is only a bathtub right now. We will also be adding a new vanity, medicine cabinet, lighting and toilet. We plan to salvage the vintage floor tile, it’s in pretty good condition and goes perfectly with the house.

IMG_6946The two bedrooms are pretty similar and will be getting fresh paint, ceiling fans and re-finished floors.

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Upstairs will see a big transformation with new carpet, drywall, electric outlets, lighting, paint and HVAC. This will basically double the square footage of the house and can serve as another bedroom, living space or play room.

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IMG_6955Lots of work, but it should be amazing when it is complete. We plan to get it finished and up for rent before the school year begins, so less than two months. I’ll try to share progress as we go!

8 Responses to “Our New Income Property”

  1. JH June 24, 2015 at 7:45 am #

    This is such a cute home. I can not wait to see it all finished!

  2. Mara June 24, 2015 at 9:18 am #

    How exciting! Can’t wait to see what you do!

  3. Jason June 24, 2015 at 11:59 am #

    Very charming! What an aggressive schedule. Best of luck and looking forward to seeing the transformation. Can the little one help with the renovating yet 😉

  4. whitneyhoulin June 24, 2015 at 12:43 pm #

    That place has great potential! I’m so glad you’re keeping the original floors!

  5. Teresa June 25, 2015 at 11:05 am #

    I love this house!! It is so adorable and so full of charm. I can’t wait to see what you accomplish!

  6. Dawn Updike June 25, 2015 at 7:25 pm #

    Very cute house! And ambitious plan! Looking forward to seeing the transformation!

  7. katybateman July 8, 2015 at 9:18 am #

    This house looks adorable and I CANNOT wait to see your remodeling! http://www.alittledailyhappiness.com/to-paint-or-not-to-paint/

    Katy

Trackbacks/Pingbacks

  1. Update on the Rental | 12 Oaks - July 17, 2015

    […] In case you missed the before tour, you can see all the before photos here. […]

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