Cleaning up the Neighborhood, One Ugly House at a Time

By
Real Estate Broker Owner with City Realty, Inc. - Olympia, WA 24805
http://actvra.in/GTx

You've probably seen the whole house flipping routine on TV. It was all the rage a few years ago when the market was hot. People were buying up ugly houses, giving them a quick (and usually cheap) makeover and then turning them for a quick, yet very significant profit. It was too easy.

We all know that times have changed. However, what you may not know is that there are some people still out there giving new life to the neighborhood eye sores. The profits aren't as glamorous as they once were. The risks are much higher. And yet, they continue on, unfazed by the negativity surrounding the housing market.

Tanglewilde Lacey WA homes for saleThe main difference between the house flippers of old and this new breed of craftsman lies in their motives. While the first group was primarily driven by greed and quick profits, this new group is motivated by a passion to build a better community for future generations and preserve the quality of life for current residents. Their margins are slim, but they are confident that what they are doing will have a lasting impact on the neighborhoods they work in.

Part of their confidence is derived from the high level of craftsmanship and quality materials they put in their homes. They know their homes are going to look more appealing to potential buyers than most of their competition. They've thoroughly inspected the homes to make sure their remodel is not just putting a new wrapper on a rotten product. In most cases, the updating includes much more than just new paint and carpet. Often new roofs, new electrical panels, and structural repair are required before they can even think about creating a visually appealing finished product.

Perhaps most importantly, these homes are being refurbished and resold in a price range that is very attractive for first time home buyers. It is a great alternative for those who like the fresh feeling of a new home but hate the idea that you have to sacrifice all sense of privacy and live on a postage stamp. Many of these homes are in established neighborhoods with mature trees, larger lots, and a sense of community that is yet to exist in most new home developments.

If you think a remodeled home in an established neighborhood sounds like a good fit (or you are just addicted to looking at real estate) here are a couple of homes for you to check out:

 


4736 Lakemont Dr. SE - Updated Rambler with Pattison Lake Views and Private Lake Access for $234,900

7521 6th Ave. SE - Remodeled Tanglewilde Home with 3 bedrooms and 1645 square feet for $199,000



And here are some Before and After photos of one recently finished home in the Tanglewilde neighborhood:


Tanglewilde Rambler for Sale - Homes in Lacey WA

 

Updated Home for Sale Tanglewilde Neighborhood Lacey WA

 

Fixed Up and Move in Ready home for sale in Tanglewilde Neighborhood

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  1. Nancy Conner 09/02/2011 09:05 PM
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Topic:
Real Estate General Information
Location:
Washington Thurston County Lacey Tanglewilde
Groups:
HyperLocal Neighborhood and Community Posts
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Puget Sound - WA Real Estate
The Lounge at Active Rain
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Rainmaker
537,977
Eric Michael
Metro Detroit Real Estate Professional 734.564.1519
Remerica Integrity, Realtors®, Northville, MI

Hi Mike, those are some great before and after pictures. We have a lot of homes that have the potential to "flip" if someone wanted to put the money up and take the chance.

September 02, 2011 08:55 PM
Rainmaker
595,608
Nancy Conner
Olympia/Thurston County WA
Managing Broker - City Realty Inc
Love it! It's such a win-win when an investor can buy a house that's been deteriorating and empty, get it rehabbed back into a home that buyers and the neighborhood can love! And many are doing the rehabs as if they were going to live there themselves with lots of loving attention to detail.
September 02, 2011 08:57 PM
Rainer
253,132
Kathy Burke
S.F. East Bay Home Staging
Sensational Home Staging~~Danville, CA

HUGH win for the neighborhood and everyone involved!  Consider a budget for staging your next "ugly redo".   The investement in staging will payoff!!

October 13, 2011 08:32 PM
Anonymous
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Rainmaker
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Mike Conner

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