Status: Renovated
Ugly price: $41,915
Restored price: $174,500
This was a handsome old house, one of the nicest in town, with a rocking-chair front porch and roomy interiors. But then the former owner lost his job, according to the local HomeVestor franchisee, Michael Jordan, and "The mounting bills and upkeep on the home became too much."
Jordan and his brother, a contractor, bought the home for less than $50,000 and embarked on a total renovation. One of the biggest problems was the amount of debris. Jordan filled dumpsters with junk, including two pianos and several arcade games.
The home needed a lot: a new roof, heating system and the floors were a wreck. All the windows had to go. The Jordans also added a bathroom and put in a new kitchen. The rehab cost about $90,000.
They resold it at a small profit. But almost as important, said Jordan, is getting rid of an eyesore for the neighborhood.
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