In honor of our recent closing day anniversary, I thought it would be fitting to share the before and after photos from our first ever house which later became our first house flip! Technically speaking, I guess we bought and flipped our second house, then bought our 3rd house and flipped our first house. It was a crazy 3 years! More on our Phillips Flips (home flipping stories) here.
On March 21, 2013 we bought our very first house. It was dreamy… and I mean “dreamy” in the sense that you had to dream about what it would look like one day and not what it looked like right when we bought it.
Here’s what it looked like when we bought it:
And the inside:
Check out those floors! The floors on the right of the picture above are linoleum tiles. There was 2 full layers of ceramic tile where you see the tile up there at the top and the carpet to the left was dark green. And about 8 feet inside the front door was a nice little 3-way junction where all 3 of the mixed floors met up for no real reason.
All the bedrooms had that same dark green carpet.
The kitchen was pretty small and awkwardly closed off to the rest of the house. So the first thing we did was grab a sledge-hammer and bust through some walls:
We removed the wall shown above which opened the kitchen to the entryway and a little more to the dining room over to the left.
We removed the upper cabinets that were hanging above the island which opened the headroom up a bit and made the kitchen completely open to the family/TV room.
We ripped up all of the floors to make way for light-colored hardwoods.
And then we got to work! We painted the kitchen cabinets white!
It was much more open with the overhead cabinets out of the way.
We painted the front door this fun minty color and I DIY Frosted the front windows with a little hand cut monogram in the center.
I replaced the fan in the dining room with this Maskros Pendant Lamp from IKEA and we painted the fun accent stripe wall on the side wall over there. That was SO “in” back in 2013!
We gave all the other walls a fresh coat of paint (either white or light gray).
And replaced the dark green carpet with a neutral “greige” color that we found on crazy sale at one of our local carpet/flooring warehouse places. We found just enough carpet to put in our sunken den area and all 3 of our bedrooms. It was meant to be!
I didn’t get a ton of great shots of it, but originally we had vaulted ceilings that were covered in dark wood paneling. We painted over that with white paint and it looked kind of like vaulted shiplap covered ceilings!
With the wall knocked out, the upper cabinets gone and the white paint, the kitchen looked much more open and bright!
And finally, we got around to painting the outside of the house and redoing the roof with light metal panels.
On our first ever house flip, we spent about $10K in renovations:
Flooring: $4,000 (purchased whole sale and installed by a friend of a friend)
New roof: $5,000 (we pulled our own permits and had a friend do the work for us)
Paint: $1,000 (we used a lot of leftover paint that we had sitting around in storage and we may have used plain old white primer on some interior walls- you got to save wherever you can!)
We ended up selling this house for $16K more than we paid for it which was a $6K profit on the sale alone. We also rented it out for several months during some of the transition time while we were in between houses and we made a total of $11,700 in rental income. So all-in-all we made $16,700 on our first flip.
The transformation from dated to open-concept is incredible! This perfectly illustrates how maximizing latent value-whether in real estate or in optimizing a system-is key. It’s all about identifying the hidden potential and taking calculated risks. Congrats on the successful flip! If you enjoy optimizing your own “stakes,” you might check out ok games link.
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