Real estate project

Real Estate Project

1. Flipping A Home
Real Estate Practice & Finance
By: Valerie Vega

2. Upsides of Buying a Fixer Upper

Save a lot of money

Build Equity

Homes are Cheaper

Decorate as you please

A Great & Fun
Experience

3. Things to Think About When Buying a
Fixer Upper

Buying a Fixer Upper is always a Risk

“May effect your relationship with your spouse”

Damage of Home may not be known until the papers
are signed

May be more than you can handle

4. Costs Spent : Costs WE Would’ve Spent :
All Plumbing : $5,000 $10,000
Carpet/Floor/Concrete Staining/ Tile :
$8,000
$10,000
Interior Paint : $500$2,000
Siding and Exterior Paint :
$4,000
$10,000
Kitchen : $ 7,000$15,000
Laundry Room Addition
$5,000
$15,000
Total Spent : $29,500 $62,000

5. The Fixer Upper

The home
was
purchased for
$186,000

Financed

4 bedroom

2 bath

1,439 sqft

Built 1942

6. When we first bought the home

15. Same Homes In The Area that Sold For
More

3 bed

2 bath

1,486 sqft

Built 1945

Sold for $265,000

No new plumbing

No new windows

No central heating

No laundry room

second bedroom

Laminate and linoleum floor