Fliperati

Cheese-Free Real Estate Investing Blog Focused on Flipping Property in the NY/NJ Area


Revisiting the Battle Between House Flipping and Detail Preservation

Thanks to a very nice shout-out from Brownstoner, the comment section of this post about the conflict between profitable flipping and detail preservation has sprung to life.Flipping Houses Frankenstein  Not surprisingly, most of the feedback emphasized the value of preserving the original character of the house and avoiding a low-quality, character-less renovation.  As someone who has lived in his share of shoddy new construction rentals built by money-hungry developers, I can assure you that I will not go down that path (think paper-thin walls, poor workmanship, every detail overlooked, bland apartment living).  I’m having a lot of fun with this project and taking pride in my work, so I will opt for the higher-quality, more original choices whenever I can.

That said, I must confess that I’ve decided to cover the majority of the plaster walls with drywall (at least I’ll be retaining the insulating qualities of the underlying plaster, right?).  This was a tough choice, but the wood paneling adhesive and years of leaky plumbing / roofing have really taken their toll on the plaster and a full restoration would take tremendous time and effort.  Even if I were to spend the time and money on fixing the plaster, I still don’t think I could ever achieve that fresh-out-of-the-renovation-oven feeling that spanking new sheetrock will give to prospective buyers.  I feel a little bad about what seems like the easier route, but at least I’m not doing a half-assed job of it (like leaving the door and window trim on during the new drywall installation so the moldings are “swallowed” by the additional layer of wallboard).  At this point I have to think about my schedule, my budget and my prospective buyers and all three seem to be pointing me toward new drywall.



Comments

  1. victor
    July 8th, 2006 | 2:57 pm

    Viridian, thanks for pointing me over to the gallery.

    Okay my more informed opinion on keeping or not keeping the details is don’t keep any.

    This building looks like it was finished cheaply. There maybe some nice details worth keeping but on the whole, the house is going to look great with some new modern details. Consider using arts & crafts style details around the windows and doors. A&C style details can be built by a competent carpenter and will give the house a comfortable non-cheap feeling inside. This house was never a grand home. It was a comfortable family home and it should be made into a comfortable modern family home.

    Also, keep some of those doors. I saw at least one that was beautiful.

    Good luck. I’ll keep checking in to see how you are doing.

  2. July 21st, 2006 | 1:16 am

    A fellow blogger, Teresea Boardman, posted your site on her blog. I enjoyed your pictures and know the dilemma of what to keep and what not to keep. Arts and crafts is a good idea. I learned early on that how “fancy” I could restore was based on how cheap the purchase price was!

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