HGTV; realtor.com
Karen Laine and Mina Starsiak, the mother-daughter team on HGTV’s popular renovation series “Good Bones,” are a couple of daring home rehabbers.
They take on crumbling shacks—buying them for a pittance—and transform these potential tear-downs into affordable dream homes. One of the show’s highlights featured the duo buying a wreck from the city of Indianapolis for $4,000, spending $187,000 on rehab, and then selling it for $259,000.
For a Victorian cottage currently on the market in Indianapolis, the reality TV renovators stretched their budget and paid a whopping $40,000.
They then plunked down $185,000 on a full home renovation. The home went up for sale for $329,000 in September 2016, but the price has since been sliced to $280,000. For HGTV fanatics, it’s an intriguing opportunity to buy a charming cottage with a reality TV pedigree.
It was featured on the Season 2 episode titled “Facelift for a Tiny Victorian,” in case you want to see the home’s on-screen transformation.
After: Renovation reveals “good bones” on this quaint Victorian.Before: Karen Laine and Mina Starsiak saw potential in this boarded-up eyesore.HGTV
Since the home didn’t sell for the original asking price, you might get the impression it’s an unsuccessful flip. Not true!
These women have been in the business for years, and they understand supply and demand. When a home doesn’t sell for their targeted price, they can take it off the market, rent it out for a while, and list it again once prices and demand dictate.
The home for sale might look small from the curb, but it’s been expanded to a roomy 1,780 square feet by the crew from Two Chicks and a Hammer, the name of Laine and Starsiak’s company.
This mother and daughter team do a lot of the hard work themselves.HGTV
Open living room with floating staircaseHGTV
They designed an open living room and kitchen with a floating staircase and built a large addition at the rear of the house. The addition includes a generous master suite with a luxe bath and walk-in closet.
Upstairs, they added two bedrooms and a new bath, taking the house from a one-bedroom, two-bath home to one with four bedrooms and three baths.
New kitchenHGTV
New bedroomHGTV
New bathroomHGTV
Of course, there are their usual quality countertops, finishes, and built-ins throughout.
This home is located in the East of State neighborhood, just on the outskirts of Indianapolis’ popular Fountain Square district. The “Good Bones” team has renovated homes on this street before.
And while a house featured on “Good Bones” doesn’t command the same premium as a Chip and Joanna Gaines creation on “Fixer Upper,” remember the women of “Good Bones” invest a lot less to begin with. Laine and Starsiak clear around the same profit margin that Christina and Tarek El Moussa do on “Flip or Flop,” and they’re only in their second season!
Laine and Starsiak going over the new floor plan.HGTV
The post Indianapolis Home Transformed by ‘Good Bones’ Team Is Now on the Market appeared first on Real Estate News & Insights | realtor.com®.
from DIYS http://ift.tt/2uOHPUH
No comments:
Post a Comment