The renovation on Crestwood is nearing completion. I have completed painting the interior and replacing all the carpets. Next week I will replace rotten wood on the deck and repair a broken window.
Here is a breakdown of the cost since my last report:
New Carpet: $1,707.01
Cleaning: $350.00
Materials: $85.00
Total: $2,142.01
This puts me at $108,852.68, investing in the house. Keep in mind that I have a handyman doing most of the work. I pay him a weekly salary, and it’s not included in this number. He handles tenants’ calls and does other work, and I don’t have a break out for what went to this property.
What’s Next
The next step is to complete the desk repair and list the property for sale. I ordered a window, but I can list the house before that arrives.