Soon To Be Remodeled Home in Plantation, FL

This home was purchased from the bank as a foreclosure.  It is currently a 3 bedroom, 2 bathroom home with an illegal addition.  The addition cannot currently be accessed from the main house.  It was built as an efficiency apartment for additional income.  The two issues are that the addition was not done with permits and an efficiency apartment is not allowed in this residential neighborhood in Plantation, FL.

The investor that purchased the home (financed by my company) should not have a problem getting the addition approved.  The challenge is breaking through the wall in an appropriate spot to make it seem like the addition was supposed to be there all along.  An engineer has been hired to draw up the plans for submission to the City of Plantation.  If the city approves of the design, this home will be turned into a beautiful 4 bedroom, 3 bathroom home with a brand new kitchen and updated bathrooms.  This home also has a great laundry room, Florida room, and 2 car garage and will be over 2200 square feet when all is said and done.  The value of the home will increase substantially with the additional square footage and the renovation.  The key now is to get all of this done in a timely fashion.  We hope to have this home on the market in late Spring 2012 for $225,000 to $250,000.  Appraisals are always a challenge in this market.

 

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7 Responses to Soon To Be Remodeled Home in Plantation, FL

  1. Nicole says:

    True.. Appraisals are really challenging works. Best of luck to you guys! Hope that the house will be set on spring time. 🙂 Thanks for sharing this.. Good job!
    Nicole recently posted..mis sold ppi

  2. Chezianne says:

    This looks a beautiful house and it can be renovated to make it even better…It’s not bad because it has 3 bedrooms and 2 bathrooms…Good enough…
    Chezianne recently posted..Chalet 1802

  3. Sheila says:

    The challenge is breaking through the wall in an appropriate spot to make it seem like the addition was supposed to be there all along. The value of the home will increase substantially with the additional square footage and the renovation.
    Sheila recently posted..Skiing Holidays In France

  4. Jazmine says:

    Decide which areas of your house need remodeling or upgrading. (You get the most value out of kitchen and bath remodeling.) Write down the appliances that you want to replace. Think about windows, doors, insulation, air conditioning, water heaters, roof, weather-stripping and other areas of your home that need work.
    Jazmine recently posted..Spa Maintenance

    • Claudia says:

      I liked your plan. You must need to create a list before you go for a renovation. First determined which parts of the house are needed most. Like bathroom, kitchen etc and vice versa for appliance.
      Claudia recently posted..Ex Girlfriend Quotes

  5. nikki hill says:

    Add some plants and a new paint.Throw in some furniture’s and optimize it. Surely it will be a hot item once it gets out.
    nikki hill recently posted..Forex Demokonto

  6. Crystal Tan says:

    With that big space around it I think that house will look really good after renovation, That house could sell much after getting renovated too, but ofcourse don’t sell it, LOL!.. Enough space outside and enough space inside really nice. Thanks for sharing, I wonder how this looks now.. 😀
    Crystal Tan recently posted..Trading Software

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