Wednesday, June 13, 2007

Flip that House

For those of you who don't know, we own a rental house (our old home on Campbell Street). Anyhow, we recently lost the upstairs tennant and have since been in search of someone to replace him. Not any easy feat in Strathroy. So then we decided to get slightly ambitious, as really the apartment could use some work. The carpets in all but one bedroom definitely needed to be replaced, so we ripped them up on Monday night.

Low and behold, beautiful hardwood floors lay underneath, waiting to be discovered. Now they need some TLC, particularly as some paint has been spilled in certain sections (and a small print has even been preserved); overall, they're in fairly decent condition, and the living room area is actually looking quite well without any work.

That being said, it'd be ideal to really get in there and "flip" the house. It is extremely outdated and has potential to earn us far more income than it does now (now it basically pays for itself... for now). I was envisioning stainless steel appliances, new hardware, a completely new bathroom... in time. For now we have a few potential people interested to rent as of July 1st, which saves us from a bind a so-called friend put us in (I'll spare the details, but we had a "friend" sign to rent as of June 1st only to back out a few days later).

Though hey, if anyone ever knows of anyone who needs a 2 bedroom or 3 bedroom apartment in Strathroy, be sure to let us know!

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