Before and after video of my quick flip on a budget
Our Winston Lane quick flip was one of our first rehab projects in Sarasota, FL. It took quite a bit of negotiating before our offer was accepted. The bank countered numerous times with, “This is our best and final”, but in the end, our persistence paid off. We purchased Winston Lane for $79,000.
Why a condo?
Our plan was to buy a home and fix it up for a quick turn around, so our target areas were the working class and middle income neighborhoods. We determined that condos fit our criteria for both budget and the community. Knowing the Sarasota area has a large number of part time residents , we concluded our target buyer would be those looking to purchase a maintenance free second home or vacation home. Learn more about Defining Target Areas to Invest In.
Word of the renovation spread throughout the community and without us even having a chance to market the property, a retired couple renting in the community purchased the unit.
A kitchen remodel for $500
For this remodel we were fortunate enough to acquire a full kitchen, which included 42″ raised panel cabinets, black granite counter tops , and stainless steel appliances. My husband, an established builder and remodeler in Sarasota, was in the process of remodeling an already beautiful kitchen and purchased the second hand items from his client. It took a bit of rearranging and cutting things down, but it turned out beautiful.
If you are looking for an experienced contractor to remodel your quick flip in Sarasota or the surrounding areas, visiit http://www.BristaHomes.com.
The bathrooms
The bathrooms were old, dated and ugly. The master bath had both a bath tub with a shower head plus a separate shower stall. Everything was removed and a new roman shower was installed. Some of the left over kitchen cabinets were transformed into a vanity.
The bedrooms
Carpets were removed and hand scraped hard wood floors took their place. Glass mirrored closet doors were replaced with panel doors. The walls were painted a neutral tan, as was the rest of the house.
The exterior
A new roof was installed. The pressure washing and exterior painting was the responsibility of the community association, which helped with our budget. A paver brick patio and colorful landscaping were installed near the front entry.
Gina Ursini, is a real estate professional with Keller Williams Lakewood Ranch. Mark Ursini is founder and president of Brista Homes, Inc., an established remodeler and builder in Sarasota, FL and the surrounding areas. Mark and Gina Ursini are determined to help investors and couples find, buy and transform extreme fixer-uppers into the ultimate investment or dream home.
Quick Flipping 101 