Frriiidaayyy’s Featurrrred Fliiippppp is here! Today’s flip, 40th, was done by the same flippers who’ve done at least 5 other flips this year. How do I know that they’ve done 5 other flips you ask? I know this because I’m a flipper-groupie. For years, whenever I find a flip that was done well, I’ll go down to the County Assessor’s Office to find out the flipper’s name…
…phew…You’re still here…I know this is super weird and I’m glad I didn’t scare you away. It feels good to finally admit this. In fact, this is only the 3rd time I’ve ever admitted it to anyone.
Let me explain. It’s really hard to find flippers. Unless they’re on TV, it’s virtually impossible to find the true identity of flippers. It’s almost like it’s the profession of choice for those in the witness protection program.
My plan is to “stalk” all the flips around me, compile a list of them, and then one day, when I’m brave enough, approach a group I admire. Most flippers are incorporated — which is incredibly smart for liability purposes, but it also makes it hard to find them.
I used to stalk flips sporadically, but this summer I got serious about it. And I’ve finally started to find flippers with multiple properties. The 40th-Flippers are one of those and this house is the first one they’ve had where there are before and after pictures.
This is also going to be the first Friday’s Featured Flip that isn’t actively on the market. Now you’ll finally get to see how the flippers did…stay tuned until the end to find out.
Details of the House…
Overall, I think these flippers did a great job. There were some major problems they had to contend with on the back of the second story and they needed to replace the kitchen, bathrooms, and all of the flooring. Although those are “only” 4 things; 3 of those are pretty major. I think the most dramatic changes are to the kitchen and backyard. The 40th-Flippers accomplished this flip in 17 days!
This house is very close to a major train line (BART for those familiar with the Bay Area), making it convenient for people who commute to the City. The problem is that the neighborhood is not that great. Until recently, almost everyone who lived there was low-income families struggling with things that typically plague those neighborhoods: crime, blight, drugs, poverty, etc.
In the last several years, the City has started putting a little more money into the neighborhood as have big developers. For example, a nice apartment complex was just built next to the train station. There are a few more hipsters moving in but I’m not sure that’s enough for me to say this neighborhood is in transition. Maybe I’d call it “pre-transitional”.
All of this is to say that it would be hard to know who the buyers might be. It would not surprise me if a young idealistic couple who’s been priced out of the City bought this house as a way to buy their first home. This wouldn’t necessarily be their forever home, but simply a stepping stone. That couple would want some Pinterest-trendy finishes.
On the other hand, neither would I be surprised if the buyers ended up being a working class family (maybe even including some extended family members to help come up with the money buy it) looking for a home big enough to fit everyone. This group would want a more neutral house and wouldn’t necessary appreciate Pinterest-finishes.
The 40th-Flippers did a great job picking out finishes that will appeal to both. The young couple will see it as a blank slate they can easily add their touches to; while the family will appreciate it as it is.
Finally, the staging…our favorite subject, right?! Recently, the houses have either been staged to perfection or staged so badly it painful to see. This house is the first time I’ve seen “meh” staging. And I must admit it was probably the right choice here.
MEH (\’me\): used to express indifference or mild disappointment
The staging isn’t great but it’s not so bad that it detracts from the house. For example, they put a hideous brown leather couch in the living room, way too many flowers in the kitchen, and none of the accessories are particularly luxurious. BUT…it’s all pretty neutral and they showed restraint with the pictures on the wall and in the number of accessories they used. Could it have been staged better? Yes. For. Sure. But the staging they did do was “good-enough” and had they spent more I’m not sure they would have recouped that.
Without further ado, here are the before and afters! Enjoy!
Living & Dining Room: Before
Living & Dining Room: After
It looks like the flippers ripped up the carpet and refinished the flooring. I love that. It seems so much more cost-effective than putting in new wood flooring and yet I see so many flipper do it.
I would have saved the money rather than spend it on the sad little curtains they put up. Though I guess the view out the windows is of the neighbors very close house. So maybe it was a good idea. It’s like they’ve done this before.
The smartest thing they did here was flip the stove and take out the door (if there was in fact one leading to the living room). I do wish they’d have moved the refrigerator. I wonder how much it would have cost to move the electrical/plumbing so it could have gone all the way to the left in the picture below (where Orchid #1 is). Had they done this they would have created so much continuous counterspace. I do appreciate that they tiled the wall all the way up where the refrigerator will go since you’ll probably see the wall behind the refrigerator.
The cabinets aren’t the finest but they’re neutral enough so that everyone will be fine with them. I also appreciate that they put in stone countertops. The Pinterest counter top choice would have been gray. The warm cream here is bright and will, again, appeal to everyone. The Pinterest-People will think they can spruce up the space by painting the walls and adding cooler accessories.
Laundry Room: Before & After
2nd Floor Landing: Before & After
I think the flippers purposely put this picture in the listing so savvy buyers could have a direct before and after comparison. Otherwise, I can’t think of any other reason to explain why they would have included it. I guess this begs the question why the listing agent for the house before also included the picture. #doublemystery
Bathroom#1: Before & After
1/2 Bathroom: After
There are no before pictures of the bedrooms. I imagine they only needed some cosmetic work. The end result is fine, boring, but fine. Feel free to take a brief nap as you scroll through past them.
Master bedroom & on-suite: After
Backyard & Garage: Before
The yard is H.U.G.E for this area.
Backyard & Garage: After
They put the biggest door they possibly could on the garage. It’s kind of crazy but I love the end result. It’s going to be such a cool space in the summer. I wonder if they added any plumbing or electricity beyond the overhead light. If not this space won’t be as useful for anything beyond parking a car.
Boom! The gross profit was $230,000. Of course that doesn’t include everything that went int o it. I doubt their costs exceeded $100,000. If I’m right, they cleared $130,000 for 17 days of work. That’ll buy them a lot of boob lights for the next project. Not bad.
As promised, Katrielle, here is the Zombie Fall Out Shelter. If you look at the top of the stairs, you’ll see the outside.