Follow the Flip — Part 4
Welcome to the part four of our Follow the Flip series! With the release of our new Tokenized House Flipping feature, this series provides a behind the scenes look at our renovation methods, before and after photos, and progress towards completion.
Our new Tokenized House Flipping feature offers fractional investment opportunities in fix and flip properties directly on-chain. If you’d like to learn more about how this new feature works, be sure to check out our Feature Preview article. Unfamiliar with house flipping? Check out our Rules of House Flipping post for the basic rundown.
Our first flip is officially sold out! If you’d like to track the progress in real time, visit the offering page on the Landshare App.
About the Property
The first property we listed for our Tokenized House Flipping feature is a charming single-family home located in Rapid City, SD. This 4-bed 2-bath property offers plenty of space with a large family room, and a backyard perfect for entertaining. The central location to schools, grocery stores, and nearby parks make it the perfect home to any family or couple that wants a forever home that they can grow in to.
With a little effort, this property can be elevated from its neglected condition into a full updated, modern home. Each room will be updated from head-to-toe to make buyers feel like they are viewing a newly constructed property. Some paint, flooring, and hardware will give this property the facelift it needs to make anyone want to move in. Learn more about the property by clicking here.
Previous flip progress
In parts one through three of this series we took you through the renovation process of the entire upstairs of this property. The living room, kitchen, bathroom, and both bedrooms have been transformed into a modern living area to make this property’s value skyrocket. If you would like to follow along and view how the upstairs of the property changed you can read part one, part two, and part three of the series.
A New Area of Focus
With the upstairs now mostly complete, and the seasons starting to head from autumn to winter, we shifted our focus to begin renovating the outside before winter, and the bad weather, came.
First impressions matter, so curb-appeal is one of the most important aspects to a house flip. Many prospective buyers will not even consider the property if the exterior looks run down. While we had made excellent progress inside the house, the exterior remained in a neglected state. The juxtaposition of walking through the front door and seeing the updated, and modern, upstairs compared to the exterior just didn’t feel right.
The exterior renovation process can be broken into five areas of focus: exterior painting, the garage, the shed, concrete & grading, and the lawn. Each of these areas required attention if we were going to bump up the curb-appeal of the home.
The lawn, and landscaping, was severely neglected to say the least. The grass and weeds were more than three feet tall. The shrubbery surrounding the house was dead. The yard had improper grading which sloped toward the foundation, causing potential issues down the road. The lawn was riddled with miscellaneous items that accumulated from the previous owner over many years. It took our team days to simply mow, clear the dead shrubbery, and clean up the yard.
Once the lawn was mowed, it made for a habitable and navigable backyard to let us start cleaning up the dead shrubbery and gain access to the siding for new paint.
With the lawn now clear, and safe to navigate, it opened way to let our team begin painting the exterior of the home. Prior to painting, we first had to clean up the siding of the old cables that were installed from decades prior.
Now that the exterior was properly prepped, the painting was straight forward with no further issues.
The bulk of the exterior was now painted, and the only thing left was to finish the trim to give it a nice contrast.
Now that the siding and trimmed was painted, the exterior of the home achieved a massive upgrade in curb-appeal. From a faded dark blue, to a fresh contemporary home. The new beige paint coupled with the black trim and brick veneer made the property look much newer.
Put simply, the garage exterior was in total disrepair. The walk-in entry door and car door were inoperable. The entire door was held shut by a piece of cloth as it did not even latch shut properly.
We decided to to replace the entire door, including the frame, as none of the original components were salvagable.
Although the exterior of the garage was in such condition, the interior was in decent shape throughout and only required a few renovations. First, we needed to install new fire-proof drywall to bring this house into a good standing with the safety code. Then, all that was left was fixing a few patches here and there, and hooking up the new car garage door on its track.
While part of our team was working on painting the exterior and repairing the garage, another section of the team was working on replacing the old cracked and unlevel walk-way with brand new concrete.
As we let this dry, we also needed to fix the issue of the absent backdoor patio step. Years of settling and erosion made the backdoor have about a foot deep drop-off, making it a safety hazard.
To fix the underlying issue that led to the issue from forming to begin with, we graded the entirety of the exterior. Grading the exterior was also required in order to prevent future foundation issues from arising by ensuring water was not able to flow seep down into the home.
Lastly, we added mulch around the home to help with the curb appeal, protect against the winter, prevent weeds, and ensure that the freshly laid dirt remained protected from the weather while solidifying in place.
This home had a shed located on the side of the garage. Initially, we thought that the shed would have to be demolished and removed due to the extremely poor condition it appeared to be in. However, after we got inside, we noticed that the bones of the shed were in great condition! If we could salvage this shed, it would be a major selling point for this home.
First thing first, we had to clean the shed out and rip off the siding. To haul the items away it took us several days — over one ton of items were removed and either donated or towed to the dump.
With the shed being stripped down to its frame, it was time to install the new siding. After the siding was installed, we painted it to match the color scheme of the house.
These changes to the exterior made the house almost unrecognizable. It began with an overgrown lawn, faded and chipping paint, and a shed about to fall apart. After weeks of work and renovations, it transformed into a brand new looking home with a large yard, fresh paint & concrete, and a practically brand-new shed.
We hope you enjoyed reading and seeing the transformation of the upstairs bathroom and exterior of the home on our first Tokenized House Flip on Landshare. So far, this series has covered the renovation process of the kitchen, the living room, upstairs bedrooms, upstairs bathroom, and the exterior of the home.
For those lucky enough to participate in our first house flip, we are making major strides toward completion! To view the most up to date progress in real time, visit the property page on the Landshare App.
If you’d like to learn more about the details and processes that occur throughout all the rooms of the home, be sure to stay tuned for the next installment of the Follow the Flip series!
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