I’ve been blogging here sporadically but I realized that I haven’t given a real update in a while, and since the house flip was kind of the whole reason I started the blog, this is long overdue.
We bought the Ensley Lane house in May 2016 with the goal of flipping it by July. We moved in, worked hard every single day, and were on track to put it on the market in the summer. We were approached by a few buyers before the house was even ready to go on the market, and one was ready to make an offer.
As we moved ahead in the process with that buyer, we ran into some muddy tax stuff. I won’t bore you with the details, but it basically means that we need to stay in the house for an entire year. Luckily, the buyers are willing to wait, so we will be here until at least Spring 2017.
This changed a few things:
—Our budget slowed down since we aren’t getting such an immediate return on our investment. We are still chipping away at a few projects. We are transitioning the house from a flip to a place we can call home, at least for now. That means hanging art, changing some light fixtures, that sort of thing. Of course, I’ll be writing about it here.
—It gives us this winter to finish the basement, which will double the square footage and add an additional living space, a bedroom and a bathroom (making it a 4 bed, 3 bath home).
—This also frees us to do another flip, so we are currently on the hunt for a single family fixer-upper in Kansas City, Missouri.
I will be blogging more regularly now that we have landed in these decisions. The blog will consist of three main parts: our current home renovations, future house flips, and personal posts and essays.
Next week, I am excited to share with you our dining room! The before/after pictures are really fun.