Beautiful Modern Home With AMAZING Backyard! | Flip or Flop | HGTV

Summary

In this engaging house renovation video, the hosts explore a fixer-upper beach house, discussing its potential value increase through strategic remodels. They plan to transform the interior by creating a master suite and opening up spaces, while the backyard will feature a spa, barbecue area, and modern landscaping. Despite challenges with city approvals for structural changes, the team remains optimistic about enhancing curb appeal and maximizing the home's sale price. Ultimately, they list the revamped property for $1.2 million, aiming for a substantial profit after completing their extensive renovations.

Takeaways

• 🏡 The property is a five-bedroom, one-and-a-half-bath fixer-upper located in a desirable beachside community.
• 💰 The initial listing price for the house is $755,000, with a potential resale value of over $1.2 million after renovations.
• 🔨 Key renovations include opening up the floor plan by removing walls, creating a master suite, and enhancing the backyard.
• 🌳 The backyard will feature an oversized spa, barbecue area, fire pit, and a large sitting area, requiring significant landscaping work.
• 📊 The estimated budget for interior renovations is between $100,000 and $130,000, while landscaping is expected to cost about $130,000.
• 📈 The total renovation cost is projected to be around $260,000, making the total investment just over $1 million.
• 🏠 The house's original configuration lacks a master suite, necessitating significant changes to the bedroom layout.
• ⚒️ The city requires engineered plans and soil tests for the backyard renovations, potentially delaying the project by six weeks.
• 🌞 The renovated property aims to enhance curb appeal with colorful landscaping and modern design elements.
• 💵 After a month on the market, the renovated house receives a full-price cash offer of $1.2 million, indicating a successful flip.

Q & A

What is the main goal of the renovation project discussed in the video?

The main goal is to remodel a fixer-upper beachside house to increase its value and appeal, ultimately selling it for a profit.

How much does the house cost, and what is its potential resale value?

The house is listed for $755,000, with a potential resale value of around $1.2 million after renovations.

What are some specific changes planned for the backyard?

The plans for the backyard include adding an oversized spa, a barbecue area, a fire pit, and landscaping improvements, with an estimated cost of $100,000.

What issues were identified with the current layout of the house?

The current layout includes a closed-off living room, a tiny kitchen, and a lack of a true master suite, which needs to be addressed for better functionality and marketability.

How is the master bedroom planned to be created from the existing rooms?

The plan involves combining two back bedrooms into a master suite and converting a makeshift bedroom into a walk-in closet.

What is the estimated cost for the interior renovations?

The estimated cost for interior renovations ranges from $100,000 to $130,000, depending on the finishes and changes made.

What approvals were needed from the city for the backyard redesign?

The city required engineered plans and a soils test before allowing the construction of the new retaining wall and backyard layout.

What materials were chosen for the kitchen renovations?

The materials include hardwood flooring, modern two-tone cabinets, and a backsplash with a contemporary subway tile design.

How much was spent on the entire renovation project?

The total investment for the renovation project was approximately $260,000, including the purchase price and renovation costs.

What was the outcome after listing the renovated house?

After listing the house for $1.199 million, they received a full-price cash offer of $1.2 million, resulting in a profit of over $106,000.