NewlyWoodwards

an unconventional home

Our first flip – split level renovation project

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It’s finally time for a new project.

A few months ago,  we purchased the house across the street from our current home. It’s a split-level home on about 3 acres of land in the country. The owners (our neighbors) both passed away in the past few years and it has been mostly empty since early 2020. There was an auction held by the estate last fall but it didn’t sell.

The more we have watched the market in our area (homes are selling like hotcakes), the more we thought this home could be a good investment and opportunity to take on a new project.

So we have a new home to work on. And it’s totally different than anything we’ve done before.  A split level!

What we learned in 10 years of owning rental properties (and why we sold them)

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2019 has been a year of transition for us. We welcomed our third child, bought a minivan (seemed like a big deal to us after 10 years of the same vehicles), and sold two of our three rental properties.

We are downsizing our rental properties and it FEELS SO GOOD.

I want to share a little about the sales of the properties and a review of 10 years of experience owning income properties. And why we are happy to have two less houses to manage. But first, let’s start with a little background.

Adding a tub to a tiny bathroom

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Sometimes, home projects escalate quickly.

That’s exactly what happened recently in one of our rental properties. We started with a bathroom that needed a little help.

A past owner had made some questionable renovation decisions and we had been band-aiding them for the past five years. We knew we wanted to make some bathroom changes to make it function better for renters and prevent us from having to constantly make repairs.

Our apartment renovation (mixing neutrals)

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Disclosure: This post is sponsored by Behr. As a Behr DIY Expert, I love sharing new projects every month. All opinions are my own. I have good news and I have great news. Good news: Our apartment is finished. It’s totally renovated and looks incredible. Great news: We have new renters who seem to love it!   […]

Painting kitchen cabinets and walls in the rental

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We are *this close* to having the apartment of horrors renovated and ready to rent. And by we, I mean my dad. Because he did about 99.9% of the work here. But I did do one thing – paint the kitchen cabinets. And they look quite lovely, if I do say so myself. Go ahead – […]

The good, the bad and the ugly of owning rental properties

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We purchased our first rental property about six years ago – a single family home located a few blocks from our first house. The same family has rented this property for the last six years. And, to be honest, we just got lucky with them. They are incredible people and renters – they take care of […]