This is the house I closed on last week. The seller moved out over the weekend and I was able to go in with my contractor on Tuesday to go over the scope of work. We agreed on a price today and my contractor is starting work tomorrow.
My guy is doing the repairs in the scope of work below for $3,400. I have a carpet cleaner going by to give me an estimate and to let me know whether he thinks he can make the carpet look like new. If we can clean them, instead of replace them, we will save a lot of money. I’m sure there will be other miscellaneous items that pop up and I will let you know when they do.
[Source: Bandit Signs]
This is a 4 bedroom, 3.5 bathroom, 2500sf house that was built in 2006.
|Settlement Fees:||$2,159 (title policy, closing fee, insurance, loan fee)|
|Estimated Repairs:||$4,000 (estimated 6,500, that will be if we have to replace carpet)|
|Resale Price:||$170,000 (might have to go down to $160k quickly)|
|Estimated Profit:||$63,841 minus holding costs and selling costs and likely reduction in sales price|
Scope of Work
• Power wash the exterior where necessary.
• Paint back wall of house where stained.
• Paint front door.
• Install new brushed nickle door hardware and kickplate.
• Install new full-lite back door with silver doorknob and deadbolt.
• Clean windows inside and out.
• Clean columns at front of house.
• Replace the outlet cover on the front porch with matching.
• Install new doorbell.
• Add dirt around slab where needed and red mulch in the front.
• Water grass and plants when possible.
• Haul off construction debris and trash.
• Remove damaged blinds from the breakfast room.
• Patch all cracks and imperfections in walls and ceilings. Match texture.
• Install correct light bulbs in bathroom and where needed throughout (including kitchen fluorescents).
• Make sure all switch and plug plates match throughout the house. Replace broken/painted ones.
• Check attic for debris and any open wire junction boxes or just anything that would not pass inspection.
• Install new ceiling fans (matching oil rubbed-bronze) in living room (w/ downrod) and upstairs den.
• Replace light fixture at top of stairs with a flushmount oil-rubbed bronze fixture.
• Re-caulk around toilets and where necessary.
• Spray garage to remove pet odor.
• Prep interior for professional painting (remove all nails and things attached to walls and neatly caulk and sand) Paint interior – All Walls and All Trim and Ceilings only where necessary.
• Install vent cover where missing for downstairs half bath.
• Clean return air vent and opening and install new air filter.
• Install door stops, smoke detectors where necessary.
Front Door: Red Bay SW 6321 SEMIGLOSS
Interior Walls: Realist Beige SW 6078 FLAT
Interior Trim: Extra White SW 7006 SEMIGLOSS
Please excuse the pictures. I’m not the best photographer and I had to mix and match with pictures before they moved out and after they moved out because my battery died while taking the pictures after they moved out.