Hey everyone! This is the second post featuring the Brunner Project. The Brunner Project is one of my real estate projects and is a single family home that I'm remodeling and selling. The goal of the project is to spend about $20,000 to remodel the home in preparation for listing it on the market and hopefully selling it around May of 2018.
The post before this was an introduction to the project. That post talked about the specifics of the remodel and I got a lot of great feedback from a lot of you about how to make the future posts better.
So, going off of the feedback from the last post, this post will feature more images alongside the specific details of the remodel project. Many of you are curious about the specific costs associated with the different aspects of the remodel, I'm working on writing down all those numbers and will share them in the next post.
The post after that will probably talk about working with contractors and answer some commonly asked questions. Stay tuned and please keep providing your amazing feedback! Thank you!
Family Room
This is the family room. Right now it's serving as our unofficial dump for all the old appliances 😊. This room isn't changing much, we're just going to do a re-paint and replace the hardwood floors.
| Family Room | |
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1st Floor Powder Room
| 1st Floor Powder Room | |
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Kitchen
| Kitchen | |
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2nd Floor Hall Bathroom
| Hall Bathroom | |
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Master Bathroom
| Master bathroom | |
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Here's the Question of The Day, don't forget to post your answers in the comments!
QOTD: What do you want to see in future posts about the project as it progresses? Are there any burning questions that you have?
Thanks for reading! Don't forget to leave your thoughts below and I look forward to seeing you in the comments!
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Hey there!.. love love your post. I like remodel projects too!!!.. I would love to see Before-After pictures for each room. Cool!
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Very organized post @khaleelkazi, first time i stumbled in one of your posts on the hot section, i'm 1 week old, why are you selling it back, you could rent it and make a passive return from it, and if you have kids you can leave the house to them so they get that passive return too, it's a win win situation... but hey that's just my idea, some people don't like to be landlords, too much trouble involved...
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Hey @teutonium! I'm glad that you found me and look forward to hearing more from you in the future!
My business in real estate is to find houses/land that are ripe for renovation or new construction. I then buy that house/land and then renovate/build as quickly as I can and then sell the project. The reason why I don't rent out is because it ties up a lot of capital and it causes a lot of headaches to be a landlord for that many people. To be honest, there's more money to be made in quick flips like this project versus tying up large sums of capital with the goal of collecting rent. Being a landlord is a lot of work for a little reward.
With the way I do it, I'm able to work on multiple homes at once (usually 2-3 at a time) and then within 3-6 months I can flip the project and make 15% or more. I then use a portion of my earnings from each project and build out other sources of passive income like dividend growth investing, crypto, etc.
Thanks again for stopping by and leaving your thoughts!! I look forward to hearing more from you soon!
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Yup, now that you told me about the whole picture i understand, what you are doing is definitively the best.
I will 100% come back, just followed you, do you also do posts about those passive income sources you are talking about?
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Thanks, I really appreciate it!!! I haven’t yet made any posts specifically about what I do as far as passive income, but I’ll add it to my list and write about it next!! I may be able to put something together by tomorrow! Thanks for that idea!
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No problem, i'll be here waiting for that post, with my eyes glued to the screen xD
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Looking forward to seeing the progression of the renovation. Keep up the posts.
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Thanks @koldy! What do you most want to see in the future posts? Do you have any burning questions?
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I'd love to see some videos, pictures can only give you so much. What made you decide to renovate? Was this planned for awhile or was it spur of the moment? Are you set on selling it?
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Right on it is like STEEMIT's version of all those house flipping shows. I can't wait to see how it turns out. More importantly, the lessons you learn and advice you can give us who might like to do the same thing.
Like Crypto Trading, did you set a goal on what profit you want to make in the end?
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My goal is to make these posts almost like what you describe! I hope it continues to improve and gets even better than those shows!! Thanks for your kind words!
For a remodel, I typically set a minimum target of at least 15% profit on the money that's invested into the project.
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Hi there buddy, been a while, first I think, that your project is quite amazing you have something going for you here, and its thrilling to be able to know about it, my @qotd would be that
you should open up a blog and bring us to speed on the growth of the project everyday
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Thanks for your kind words @josediccus!
What do you mean by open a blog? Post more regularly with updates on the project?
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Yes I mean like a daily blog, to give updates on the growth of the project and anslyis as well buddy, I'm sorry to confuse you there
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Thank you for the detailed post! Quite a project. I wish you success.
I look forward to the after shots and perhaps some of the exterior.
Happy renovations!
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Ahh yes, I have to post some shots of the exterior!! Expect those soon!
Thanks for your support @sequentialvibe! I look forward to sharing more of these projects and hearing from you!
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I got a better understanding now. You will do some repairs throughout the house not minor remodeling. If I were to buy a house in that area I would look at two things. First the basement and then the roof. This can tell me a lot about the condition of the house and if I will be spending big money in the future. A few changes in the fixtures and floors will look and feel nice but before buying I think the structure is the first thing to check out.
I'm burning to see the condition of the roof, gutters and foundation.
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Great Post! I like the way you organize each area of the house… so that you can
keep track of the upgrades being done. I have a question about contractors and permits.
Is there any question to ask in particular without sounding to crooked that you
can ask the contractor in regards to speed of obtaining the correct permits? Sometimes
I hear it’s who you know, not what you do, that can get you the permit to build
quicker. Is this true, or am I overthinking this issue?
Help!?
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Would love to see before and afters and probably the eventual sale of the unit. That'll be fun to read and celebrate together with you on the success of the project.
Question I have would be, difficulties you have faced in the process and also things you would've done differently. That'll really help me and others in our future real estate endeavour as well :)
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Great addition !
As usual, you do a great job .
I am impressed.
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Excellent ideas for renovations.
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Thanks!
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fantastic idea,
it's great to work this project,
thank you
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Wow.. can't wait to see the whole result. How much did you bought this house and how much you gonna sell it soon?
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well information in steemit i like it ..... keep it up
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In Seoul all the houses are made from concrete so remodeling is really hard work but the workers are good and the labor is still cheap. We had people come to our house to put up panel and they did a great job. It's not the same in Chicago where my grandpa is. There he spends a lot of money on repairs and remodeling and the workers never do what he wants. In the end they end up with a compromise. My uncle is real big on real estate in Chicago. I will send you his link on discord later. He knows what he is doing.
Oh and I want to share a home improvement project video. I don't own the video but I like it a lot so I will put the link here:
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I really want to see the step by step jobs that will be done to bring the house to desired structure. I can see there are so much to be done from the pictures of every sessions sessions of the house. I know at completion one may not recognize this figure again, so I will love to see pictures and descriptions of jobs done.
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Wow
I can't wait to see the end of this renovation, its great to see old structures coming back to life, i will love to see the step by step work done, I want to see engineers do their things, like the energy and technicalities involve in bringing this project to the desired result.
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Wow
I can't wait to see the end of this renovation, its great to see old structures coming back to life, i will love to see the step by step work done, I want to see engineers do their things, like the energy and technicalities involve in bringing this project to the desired result.
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Do not you have more than two bathrooms on the 2nd floor? Also I could not see the bedroom!
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very helpfull bro
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