Renovation Budget: $180,000
Sale Price: $1,700,000
Increase in value (net of repairs): $359,000
FlipGreat Average VIFR Ratio = $2.52
Remodel and repair of a California Bungalow to give it some beach/island flair and the addition of a legal additional 400 soft Accessory Dwelling Unit (ADU) by converting the detached garage. ADU included new foundation, HVAC, Plumbing and drainage, kitchen and bath. I eliminated a 1/2 bath in the main house to increase the size of the master bath and moved some structural beams into the ceiling to open things up. New hardscape and landscape.