The property rehabilitation process consists of three key components: the interior renovation, exterior renovation, and the individuals you choose to accomplish it. This property had many cosmetic flaws and very limited "wow" factor as far as salability.
Park City, once an unknown mining town 30 minutes east of Salt Lake City, is now considered the Beverly Hills of Utah. Home to approximately 7822 people, it is best known for two dynamic attractions; skiing and the Sundance Film Festival.
90% of buyers purchase a home based on an emotional attachment. The best way to create an emotional attachment is what we like to call curb appeal and cosmetics.
Fortunately this house was already in a great family neighborhood, the biggest issue with the property was everything in it felt extremely cheap. We decided to improve on major selling points that are often times overlooked and capitalize on creating the most epic of family home.
The good condition of the exterior made this flip look like a basic, “lipstick” job. No major work equals a no money flip and a nice profit. However, the condition of exterior of the home is not always a good indicator of what you’ll find inside.
The good condition of the exterior made this flip look like a basic, “lipstick” job. No major work equals a no money flip and a nice profit. However, the condition of exterior of the home is not always a good indicator of what you’ll find inside.
You can save both time and money on this type of project if the cabinets are structurally sound. In this case the cabinets, counter tops, and linoleum tile flooring were salvaged.
At first glance, the main issue was that this home lacks curb appeal. The overall appearance is dingy, dark and uninviting. The two biggest eyesores are the green roof, lattice, and the ugly brown plastic shade.
One of the biggest problems with the exterior of this home is the yard space is used poorly. The zigzag picket fence makes the yard appear much smaller than it actually is.
Offers: This simple word by itself doesn’t seem too scary, but if you ask many people who want to be in the house-flipping business this word seems to make their heart skip a beat. This is such an important and what should be considered a non-emotional part of the business.