Ep 5. Rental Property Reno
- TVG
- February 25, 2020
- 21 min
In Unsellable Houses season 1 episode 5, titled "Rental Property Reno," twin sisters Lyndsay Lamb and Leslie Davis tackle a new challenge of flipping a rental property in the Pacific Northwest. The sisters start by checking out a duplex in Everett, WA that has been on the market for a long time with no offers. The interior of the duplex is dark, dated, and dirty, not to mention it's in a location that's not very appealing to potential buyers.
The sisters start by assessing the property and discussing what they'll need to do to make it more desirable to potential buyers. They agree that they need to brighten up the interior by painting the walls a light color, and they need to declutter and depersonalize the space. They also notice that some updates are necessary, like new appliances, light fixtures, and flooring. The sisters come up with a renovation plan that fits their budget and gets to work.
First, the sisters declutter and depersonalize the rooms to give buyers a clean slate to imagine their own belongings in the space. They also remove some of the walls to create an open-concept living space that's perfect for entertaining. Once the walls are down, they start painting the walls a light gray color that makes the space feel larger and brighter.
The sisters decide to focus on the kitchens next. They remove the old appliances and replace them with brand-new stainless steel ones that look modern and stylish. They also update the countertops with granite, which gives the space a luxurious feel without breaking the bank. The sisters add a backsplash that complements the countertop and gives the space a finished look.
Next up is the bathrooms. The sisters decide to replace the old vanity with a new one and add new fixtures, mirrors, and lights. The old grout in the shower is replaced, and new tile is added to give the bathroom a spa-like feel. The sisters also update the flooring in the bathroom to complete the renovation.
Finally, the sisters tackle the exterior of the duplex. They decide to update the landscaping and add new windows and a new front door to give the duplex curb appeal. The sisters also paint the exterior a modern white color that stands out from the other houses on the block.
After three weeks of hard work, the duplex is transformed into a modern and stylish living space that's sure to attract potential buyers. The sisters list the property for $400,000, and within a week, they receive multiple offers, eventually selling for $425,000, nearly $30,000 above their listing price.
Overall, "Rental Property Reno" is a fantastic episode of Unsellable Houses that showcases Lyndsay and Leslie's renovation skills and their ability to flip a property that has been on the market for a long time. The sisters do a fantastic job of assessing the property, coming up with a renovation plan that fits their budget, and executing the renovation flawlessly, ultimately resulting in a quick sale at a price well above the initial listing.