Keep Calm, We Are Here For You

 

From the outside a house might look great: it’s in a safe neighborhood, the owners took care of the exterior, giving the impression of a perfect interior. Waiting on the inside of this idyllic exterior is a design nightmare you would never imagine possible.

The house was built in the 1970’s, and inside is every terrible trend that decade had to offer. You now have the task of taking this nightmare on a journey into the 21st Century — STAT.

In some ways, having an outdated interior design would be the easiest situation to handle. Unfortunately, structural and architectural issues also have to be identified and appropriately addressed. Whether it’s asbestos in the popcorn ceiling, mold in the carpeted bathroom, or a sunken living room. The worst monsters are the ones you can’t see. Sometimes you will go into a house, prepared for the worst, only to look around and realize nothing is there.

A house that doesn’t have any original design features from when it was built can sometimes be even more unnerving than a house that hasn’t been updated in 40 years. You don’t know what was done, and you don’t know if it was done to code. Did the previous homeowner knock down a load-bearing wall in a quest for an open floor concept? Did the half-bath get properly vented? Where did the sunken living room go?

Sometimes flipping a renovated house will go smoothly. Other times, you walk into a nightmare of cheap upgrades, shoddy craftsmanship, and damaged structural integrity.

 

The Solution

The best thing to do in this situation is research. Find out what trends were during the time the house was built; discover when it was last updated, and what the style was at that time. Talk with your contractor for what to look out for when doing your own upgrades, and be prepared to compromise on your original plan.

Once you know what the monsters are, you can decide which parts of the house design must go, what must be fixed, and if necessary, which features can be repurposed and made into a “vintage” feature of your rehab. Look at your budget, talk with your contractor, look around at new houses, and make your decision accordingly.

MDI West Properties works with joint venture partners across the United States. Over the past 8 years, we have built a network of wholesalers, property developers, and real estate agents. If you can’t handle a house haunted by the ghosts of decades past, we guarantee we know someone who can. Join our network of Joint Venture Partners today.

 

What are your tips for surviving a rehab nightmare? Leave a comment below!

MDI West Properties

MDI West Properties is a low-cost capital partner that funds up to 85% of costs for fix and flip investment projects.

Learn more about our Joint Venture Partnership Program today!

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