Manchester, NH Single Family Flip & Hold
Case Study: Manchester, nh Single-Family Flip & Hold
Client: Montgomery Street, LLC
Client Goals:
Maximize the rent value by appealing to today's renters
Maximize the resale value by appealing to today’s buyers
Minimize landlord maintenance costs
Increase the overall appraisal value of the property for refinance or sale
Ensure Finish Selections will uphold 1-2 years of rental occupancy prior to resale
Kitchen Before
Living Room Before
Kitchen After
Living Room After
Obstacles/Design Challenges & How They Were Addressed:
The home was built in 1950, owned by one family, and had nearly all of the original utilities and finishes.
Client gutted the majority of the home and brought all utilities up to code.
The main floor had settled so much that new flooring would not hold up to the dips in certain areas.
Self leveling compound was used in the entire kitchen bathroom and hallway.
There was a heavy presence of wood paneling, old carpet, and damaged hollow core doors.
Client removed, replaced, or resurfaced flooring, walls, doors.
The home’s only bathroom was too narrow to accommodate a traditional depth vanity.
This home had 4 bedrooms and only 1 bath so client chose to steal some space and relocated the bathroom wall further into the adjoining bedroom.
The two bonus bedrooms upstairs felt small with low ceiling tiles.
The 2nd level was gutted, reframed to maximize space and ceiling height affording an additional 20 sqft of living space.
Bathroom Before
Bedroom Before
Bathroom After
Bedroom After
Features We Love:
The client chose an endurance painted gray cabinet that was both easy to clean and modern feeling.
Upgraded to beautiful quartz countertops that feel high end but will hold up to many years of use. Accented by a patterned tile to coordinate with matte black fixtures and hardware.
The original built-in drawers in the 2nd floor bedroom were preserved and given new life by sanding and changing out the handles.
A furniture vanity and custom built open shelves elevate the homes only bathroom.
What was the outcome / How did it perform?
The investor was able to immediately rent the property without even placing it on the market.
After performing approximately $65,000 in renovations on the property, our client realized an ROI of 60% after holding the property for over a year, which they were able to cash out and use toward their next investment!
Client Feedback
This home was a labor of love. Many memories had been made in this family home over 50 years, and our goal was to give it a new more functional life for today’s family. On top of designing the kitchen, Builder’s Reserve was a great resource in providing finish materials which would endure our hold period and still be the wow factor needed to help sell the home over a year later.
