HOME      CONTACT US
Chic A La Mode Health and Fitness Travel Home Improvements   Inspirational Stories  Flower Hunt Craft Bug Poetic Murmurings Varied Themes

Tuesday, March 20, 2012

First Family Project


Five years ago, my husband and I decided to invest our savings in a rental property. We bought an older home not too far from where we live. The house was left in bad condition by the previous owner so we were able to negotiate a price lower than the market value. The house needed a lot of work and we were fully aware how much work needed to be done. It was the first business venture my husband and I did and a challenging one.






A week later after we bought the property, we walked in with our two children and decided to make the renovation work a family weekend activity.   

The home was built in the 60’s, the time were popcorn ceiling or bubble ceiling was popular. Bubble ceilings are textured to look like small bubbles or popcorn. We have mixed feelings about popcorn ceilings because they are made with asbestos and they are considered health hazzard. The only advantage of bubble ceilings are good acoustics and the ability to hide imperfections, such as small cracks or dings. Another big challenge was removing the awful wallpaper coverings on the walls.  We started the work by scraping the popcorn ceiling and painted it white. We also removed the wall paper in all the bedrooms and we painted the rooms in light color and installed decorative light fixtures on the ceiling. The old green carpet was replaced with wood floor. The old kitchen counter was made of blue colored tiles and dark mahogany cabinet which made the kitchen look dark. We decided to replace the counter with a beige color granite and we painted the cabinets white. We installed new sink, new dish washer and  new oven top stove. After working for a month, the house was ready to rent out.

We contacted a property management company to take care of the advertising and renting the property. LettingRef is used by businesses as an online tenant referencing and credit checking system that allows easy and quick credit-check prospective tenants. Tenant credit checks and tenant references requires a lot of work and we can never go wrong by investing in a company who have been doing these works for years. The first family who walked in the house fell in love with the home and they were so happy that they didn’t want to leave the house until they get all the paperworks signed and downpayment made. The property management performed the tenant references check and tenant screening and they all came back with positive results. The house was rented in a week and two weeks later the new tenants moved in.

When the first rent money came in, we paid the kids their share of working in the property.  They were both happy with the extra money and the new things they learn working in the house. 


Pictures of our rental home before and after the renovation.


Bathroom (Before)




Bathroom (After) 


Master's bedroom (before and after) 


My son Jack did all the cabinet painting.


The Kitchen (after) 


The Kitchen (Before and After) 


Kitchen view

Front of the house (Before and After) 


The House (Before and After)  


Jeff resting after a hard day's work. 









Submitted by Chay for TSS



11 comments:

  1. oh wow, you all did great job Chay, never knew you all are capable of turning an old dilapidated home an elegant looking one, kudos to you all, family that works together stays together joyfully indeed.

    ReplyDelete
    Replies
    1. Thanks Beth ! It was one project we were all so proud of the outcome !

      Delete
  2. wow, you all did a great job renovating that house Chay! working as a family is always the best! looking at the before and afer photos makes me feel the challenge you went through haha, but you did it, hurray!

    ReplyDelete
    Replies
    1. Oh hahahaha you are right, the challenges were pretty scary in the beginning. Glad we finished it !

      Delete
  3. what a fabulous result of a great teamwork! well done!

    ReplyDelete
    Replies
    1. Thanks CC - yeah, we couldn't have done this without each other ! So glad to see the result !!

      Delete
  4. It turned out pretty, and the investment keeps on paying for itself! Fantastic job, you all did!

    ReplyDelete
    Replies
    1. Thanks Icy ! rental property can be challenging at times.

      Delete
  5. That was a lot of hardwork but well worth it seeing the outcome. It turned out beautiful!

    ReplyDelete
    Replies
    1. thanks for visiting Anney ! Yeah I am really happy with the end result. One of the risks worth taking.

      Delete
  6. Members from the military services are generally while prone to monetary emergencies while the rest of us. This is a make a difference of handling exactly the same monetary stresses while everybody else, and also whether it's caused by an urgent health-related bill or perhaps a remaining see, the necessity to safeguarded any military services loan without the need of credit rating look at becomes intense.
    tenant credit check

    ReplyDelete

THANK YOU SO MUCH!!! YOUR VISIT AND COMMENTS ADD HAPPINESS AND INSPIRATION TO US. PLEASE DO VISIT US AGAIN.

THE SALITYPE SOCIETY

#navbar-iframe { display: none !important; }