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Connecticut rehab – Week 13

Connecticut rehab – Week 13

We have finally gone to the next phase of the process on the Connecticut rehab. The tile has been laid, the hardwoods have been refinished, the drywall is completely done, the front porch is coming around, both the front and rear doors have been replaced and all the utilities are done. Its finally starting to feel like a house.

We’ve had a lot of odds and ends to take care of in recent weeks, but the progress we are now making is pretty substantial. By this weekend, the kitchen and baths will be painted and ready for cabinets and fixtures. We’ll have everything in except the countertop on Saturday. For that, we are going with concrete countertops, which will be installed in a couple of weeks. We should also wrap up work on the front porch, which is already looking great, as you can see from the pics below.

Another project I have been working on over the past few weeks is skim coating the existing plaster throughout the building. That should finally come to an end this weekend as well. After this Sunday we will only have to finish up the rest of the interior painting and install the interior doors and trim. There are more minor projects to work on at that point, but the project will be very close. I expect to be getting close to to a finished product by the end of the weekend of August 2nd.

It’s been a grueling effort trying to juggle this project, a full time job and starting a new brokerage all at once, but its great to see the fruit of all our labors come to a head. As far as selling the property, I am still very optimistic. The building that was under contract down the street at $119,900 ended up closing at $122,000. Another house on the block just sold for $151,000 after about a month on the market. There are also a few other similar houses nearby that are under contract right now. We have a good product to offer and the market seems to good for this price range at the moment. Things are looking good.

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Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

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