-[derek] what's up chauncey? -Hi.
I'm chauncey pham, and they call me, "the boss".
I'm thinking we can push about 425,000 with this primary suite.
[chauncey] the trick to real estate
Is buying the worst house in the best neighborhood.
But zombie houses are a whole different beast.
In dallas, texas, my husband and I
Are the best at flipping them.
That price is way too high for that damn house.
Do we actually get to see this one, though?
We can actually head that way now.
I'm derek pham, the man behind the master plan
And "the money guy".
I'm known for the "derek special"
Which means buying the worst zombies, sight unseen,
For rock bottom prices.
[derek] bullet holes, my type of house.
-It's got some good bones. -[chauncey] no, derek.
Dallas is a hot real estate market,
With fierce competition.
This looks amazing.
[derek] this was money well spent.
[chauncey] and as a husband and wife team,
We broke the mold on flipping zombies with high end appeal,
To create phamily capital partners,
A multi-million dollar business.
[crashing]
And no matter how bad the flip is,
We design and sell 'em for texas-sized profits.
This is zombie house flipping dallas, y'all!
[chauncey] what in the hell is going on
With the weather in dfw right now?
-It is cold. -It's freezing.
Baby, where are you taking me?
We're headed to richardson.
[chauncey] richardson is a lovely suburb
At the northern edge of dallas,
Just 20 minutes away from downtown.
Not just a bedroom community,
Richardson is a thriving city in its own right.
Offering highly skilled tech jobs,
A major performing arts center,
And nearby universities.
Got a derek special for you.
Another damn derek special.
Your favorite, right? But, I mean this one,
You really couldn't pass up.
It's in richardson,
We got it for 50% of the arv,
I mean, you can't... What else can go wrong?
You got it for half off,
And it's in the best part of town.
A lot can go wrong if you got it for 50%
Of arv, then that means [bleep] wrong with it,
And a lot can go wrong.
Who sent you the damn house?
Yeah, we actually got it from one of our agents.
-Oh! -So yeah, it's cool.
They had a listing that, you know,
Obviously wasn't ready for the retail market.
And brought it to us,
And we closed it in about three days.
So what are the specs on it?
Well, we got it for $205,000,
We're talking three bedrooms, two baths,
We're looking at $85,000 in terms of rehab,
And I'm thinking maybe 90 days or so on it.
-Ok. -And what I looked at comp-wise,
I mean they're $400 plus, even in this market.
It's a winner.
So far it doesn't sound bad,
But we have not seen it.
You ready for it?
Yeah, which one is it?
This blue beauty, right here.
[ominous music plays]
-Derek dwayne. -[chuckling]
Why you gotta bust me with the middle name?
[ominous music continues]
[chauncey] this is just terrible I don't even... I'm breathless.
I'm speechless.
Hell, like, it's a mess.
You brought me out in the freezing cold.
First of all, I don't even have a coat.
-Yeah, here. -And I'm out here cold.
-Warm you up. -Get away from me.
This is terrible.
And as cute as this neighborhood is,
This is what the hell you find.
You know the drill, if it was pretty,
It wouldn't be 50 cents on the dollar.
Told you it had a new roof.
-I mean, the roof does look good.
-Yeah. -But I am seeing some cracks
In the foundation here.
So, I know we're probably gonna have a situation there.
-Yeah, it's not looking good. -Pull, let's see this [bleep].
Oh, yeah.
[chauncey] we're gonna have to redo the entire garage.
It needs dry wall, it needs everything.
Yeah, this garage is an issue.
Let's see if we can investigate.
I'm seeing some cracks down here.
-Stairs. -Yeah.
[chauncey] the stairs gonna have to be redone.
And then this whole situation, like, what's happening here?
Like, I feel like it's got some potential,
But I don't know what to do with it.
[derek] yeah, let's check it out.
Oh, yeah.
Ooh.
It looks like it was storage, maybe, before?
Yeah, no this was definitely used as storage.
Yeah, I see some potential here for sure.
This concrete is a huge frickin' issue.
Major cracks there.
But, if we can figure out a way
-To like, use this space. -Right.
Somehow it can maybe even give us
Some additional square footage.
Right, let's check out the backyard.
-Oh. What do I see? -I knew you were
-Gonna complain about that. -Damn water tower.
Nobody wants to walk out of their backyard
And first thing they see's a water tower.
But, other than that,
The size of the yard is good.
Yeah, I think that offsets it.
Dude, the lot is big.
It is, the backyard goes all the way around,
-On both sides. -Yeah.
This is cute, but I'm scared. It's got some issues,
I can tell it's got some issues. We haven't even been inside yet.
-It's cold as [bleep]. -It's freezing.
It is. Hopefully the inside's better than the out.
[derek] this single family home was built in 1955.
It has three bedrooms, two baths,
And is 1,400 square feet.
There's also a cupboard storage area
Between the house and the garage.
[derek] oh [bleep]!
[chauncey] oh! What is the smell?
[derek] yeah, it smells like a dead body, for sure.
[chauncey] oh, babe.
Maybe a dead zombie.
This is not good. This is a mess.
First of all, what's happening with the floor?
Yeah, it's coming up, so I don't know if that's from
Like, water damage, or pet urine.
-Pet stuff and pet fur. -Yeah, it's disgusting.
But what I'm noticing is this is like laminate flooring,
-On top of real hardwood. -Yeah this is original floors,
-Look at that. -We might get lucky.
-And be able to save. -Yeah.
The original floors that's up underneath here.
-But it smells like... -It's nasty.
It smells like [bleep] in here. This is so bad.
Yeah, let's check out the rest. Oof.
[she sighs]
Oh babe, look at this kitchen.
-Look at all these roaches. -It is roaches... Oh!
[derek] I think this has been the maximum number
Of roaches I've seen in one house.
[chauncey] they are everywhere, look!
This house is disgusting.
Again, this is how we get it for 50 cents on the dollar.
[chauncey] this whole kitchen's gonna need a new configuration.
-Yeah. -Like this door though,
Leads to that outside space,
So if we did convert that and did something with it,
Like a laundry, mud area situation.
I like that, no the value add is a good idea.
-Ugh. -Let's check out this bedroom.
Oh, my god, it smells.
-Come through, 1950s carpet. -[laughing]
-More roaches. -Yeah, it's nasty.
-Windows gotta get replaced. -Yeah.
'cause these windows are [bleep].
It's gonna need a lot of work.
What I'm noticing is it's a good sized room.
-Yeah. -And that's a big closet.
Let's check out this bathroom.
This house is nasty. Oh, [bleep]!
[derek] bro, there's a rat!
[chauncey] oh, my god! There's a dead rat!
Oh that is [bleep] nasty.
-Is that what the smell is? -[derek retching]
-Go in there. -No!
-See if you vomit. -Mm, I'm gagging.
Ten seconds in there, I'll give you 50 bucks.
But you gotta breathe it in, you gotta soak it all in.
Oh, it's decomposed... [retches] it's decomposing.
-I told you, it's nasty. -My stomach can't handle that.
-That's a full gut. -Leave the rat.
This is another bedroom. Ugh!
Yeah, it smells in here, too. Same thing.
Same thing, good sized room, but ugh.
Smells terrible.
Oh this smells just even worse than the rest of the house.
Ugh. [retching]
Dirt.
-Oh! -Let's not spend
A lot of time in here.
[retching] oh.
-Don't throw up on me. -I'm not.
But this bathroom...
It's disgusting.
It's bad.
-It's really small, though. -It's too small, babe.
We're gonna have to figure out a way to open all of this up
Because nobody is gonna spend...
-Yeah. -$400,000,
When you have a primary suite this small.
Too small. Let's get outta here.
Let's get outta here, can't handle this.
Before we leave, though,
We do really have to come up with some sort of plan.
Well, I mean, first things first,
We know the foundation here's in really bad shape.
So, we need to get the pros out here,
Get that bid, I mean, that could be...
I mean it could be big, right?
It could be big, not only in money, but time too,
'cause nothing else can happen, demo, nothing,
Until the foundation's done.
Yeah, and it'll need time to settle.
There's a plumbing budget as well, don't forget,
'cause when you do foundation and you start to lift things,
-Sometimes pipes break. -So now we also have plumbing,
And we also have layout issues.
So then what's the good part?
Like, can we back out of this at this point?
Why would we back out of this? Dude, there's a $200,000 spread.
We can literally fix everything in this house
And still make a great profit.
You're gonna have to show me.
[derek] we've already purchased this property
For $205,000,
And our renovation budget is $85,000.
The estimated closing costs are $10,125,
And with a 90 day timeline,
That puts our loan interest at $4,650.
Which puts our all-in cost at $304,775.
We calculate the arv to be at least $405,000,
So if we can sell it for that number,
We stand to make a profit of over $100,000.
And that's pretty good,
Considering this is about 90 days worth of work.
[chauncey] this house has a lot of potential.
But there are major layout issues to address.
Starting with the front entry,
We're reorienting the entrance to the front porch.
Next, we're rearranging the living room,
By adding a dining area at the far end by the kitchen,
And we're restoring the original hardwood floors.
Then, we're moving the walls that separate the kitchen
From the hallway and breakfast nook.
In the kitchen, we're reorienting the layout,
And building a peninsular with bar seating,
As well as installing new cabinets,
Light fixtures, and flooring.
The primary bathroom is far too small.
So we're combining it with the hall bath,
To create a much larger bathroom
Complete with a luxurious wall-length shower,
Double vanity, and custom built-in closet.
And then to make up for the loss of a whole bathroom,
We're borrowing some of the closet space
From the other two bedrooms, to create a new bathroom
Across the hall from the original.
Finally, to better utilize the cupboard storage area,
Between the house and garage,
We're building out a laundry mud room off the kitchen,
As well as a new flex room,
That can be used as a home office.
By the end, this house will be beautiful
And will have a layout that really serves
The sophisticated buyer.
[chauncey] before we even begin demolition on this house,
We're repairing the broken and sagging foundation.
Using a hydraulic jack, we lift up the sagging areas...
...And then we can install concrete piers
To hold them in place permanently.
We're also installing new wood beams
To support the subfloor.
[upbeat music plays]
[chauncey] oh, the lovely blue.
[derek] how nasty can this house be?
[chauncey] it can't be that bad, I mean we just walked it
A couple of days ago.
It turns out, we can't start demo after all,
We've gotten several complaints from our crew
About the rat and the roach infestation
Getting a lot worse than it was before.
So we're ultimately here to investigate.
Ugh!
What is all of this stuff in here?
[derek] oh, this looks like more roaches.
Is this piles of rat [bleep]?
Yeah, that's definitely rat [bleep].
Oh my gosh. And then look at all of the roaches.
Now I know why the guys were complaining.
What happened to make them all come out and start scurrying
Everywhere like this?
I mean, we did do the foundation recently.
Oh, the foundation work might've stirred them up.
[derek] yup.
[chauncey] like, it is nasty!
[derek] yeah this is way different
Than when we walked it last.
[chauncey] oh, my god!
It's rat [bleep] piles everywhere!
Yeah.
-Oh! Ugh! -Oh.
Derek, what is all of this in here?
[derek] that's a lot of roaches.
[chauncey] and are those like maggots? Those are maggots. Ugh.
-Ok, we gotta call somebody. -That's disgusting.
Nn-nn. Nn-nn!
This house is one of the worst infestations
We've ever seen.
The foundation repair work
Stirred up all the rats and roaches.
So we're bringing in our pest control guy
To fumigate, before our crew starts demo.
They're spraying the entire perimeter of the inside...
...In every corner and surface.
After letting it take effect for a few days,
We'll be ready to start demo.
I mean, they're killing it
Getting everything pulled out down that hallway.
[albert] that dumpster's almost...
[chauncey] uh, is that derek?
Yeah, oh, he finally...
-[albert] oh he just pulled up? -[chauncey] yeah.
[albert] [chuckles] hey, man.
[chauncey] it's about time you joined the party.
[chauncey] look at this guy.
-[derek] what's up, y'all? -Are you serious?
[laughing]
I'm not bringing those [bleep] home.
[chauncey] is this seriously...
[albert] bro, it's not that serious.
-Brought you a little something. -You are such a drama king.
I'm not wearing this. I've been working.
-We've been working already. -Are you going in the attic?
I think that's why I showed up late, actually.
So I could see how much demo could get done without me.
Just... No it's a lot left, so let's get to work.
-Sounds about right. -Come on.
So he steps out of the car,
And he looks like he's in a full hazmat suit.
Like, talk about dramatic.
-Hater. -Nn-nn.
So, the plan for saving the floor?
-Yeah. -Yeah.
I mean, we knew about this, right?
-Yeah. -But when we looked up
Some other flooring, there's a lot more
That's not salvageable than we thought.
[chauncey sighs]
[albert] a lot of the flooring looks like this.
[chauncey] yeah, it's all rotted out, it looks like.
[derek] yeah. That's nasty.
[albert] yeah, which means that it's not salvageable.
Anything looks like that, we can't use it.
It's the padding up underneath the laminate
That's been laying on top of the original hardwood.
-With moisture, yeah. -[chauncey] with moisture, so...
-It's like cat piss, dog piss. -Yeah.
It doesn't look like it's the entire floor.
I mean, is that possible to fix with sanding?
Ah, we won't know until we uncover all this flooring.
But, I mean, that's a big swing if it is,
And we have to change our plan to...
Derek, that would be the entire house
Would need new floors.
Yeah, I mean, I'd love to keep the original floors if possible.
To replace the real hardwood floors
-Would be, 20, 30,000 dollars. -[derek] yeah it's a lot.
So our only option would be lvp which is a lot cheaper product,
And that is definitely gonna screw with our resale value.
-Yeah. -[albert] yeah. We just, I mean,
We really can't say right now
Until we get all this other flooring off.
[chauncey] until we get it up? Right, well let's get to it,
Less talking, and more working.
I cannot get this sucker out.
This is like the only thing in the house that's sturdy.
Everything in here is sturdy! Just bouncing back at me.
[derek] oh yeah, that was a good one.
[chauncey] alright. Oh it's heavy.
Yeah, there we go.
You can get madder than that.
That one made my ears ring. That's good.
[shrieks]
[derek] oh, [bleep] yeah.
[chauncey] derek and I made a small dent in this demo,
But our crew is definitely better at this than we are.
[chauncey] first, we're having the crew remove the flooring
And subflooring, so they can
Assess what condition they're in.
Fingers crossed we can save
Most of the original hardwood floors.
Next, we're tearing down the wall
Separating the kitchen from the living room,
To make the space feel bigger and more open.
Then, we're replacing
Some damaged support beams in the ceiling.
In the garage, we're adding insulation and drywall.
Then, we're framing out the new laundry and flex rooms
Between the house and the garage.
So far, this reno is off to a good start.
[chauncey] so I got the kids project
-Dropped off this morning. -Mm.
It was a mess.
-[beeping] ooh.
Looks like albert's calling.
[derek] albert, hey. What's up man?
[albert] yo, what up, man, can you hear me?
Yeah, what's up, bro? What's going on?
Um, so you know we were trying to save
The hardwood floors, resurface, and was the plan.
That's completely out of the question now.
Why's that?
We can't use any of those hardwood floors.
None of that could be saved.
And we gotta spend money on replacing
The entire subflooring in the house,
And a lot of the beams that run underneath that.
So, it's a... It's a massive issue.
How much subfloor are we talking?
Like, when you say all of the subfloor,
You literally mean the entire house worth of subfloor?
-Yeah, 100% of the subflooring. -Oh [bleep].
That house is down to the dirt right now in the primary,
There's no subflooring, there's no beams.
All of that has been ripped out 'cause it's rotted.
I'll send some pictures right now,
So you can see what I'm talking about.
So, what's this gonna take time-wise to fix?
This is a four to five day delay,
And then cost-wise, we're looking at like
A $7,000 cost.
Oh [bleep].
On the subfloor.
Oh, that's just on the subfloor?
Yeah, we're talking about...
Yep, just the subflooring and the beams
For the subflooring, correct.
And then now, because we
Don't get to salvage the original hardwoods,
We also have the expense of buying new flooring?
New floors.
That's correct.
Alright, let us take a look at these pictures and videos,
That you sent over, and then we'll get with you
On kinda how we need to move forward.
-Ok. -Alright.
-Alright, man. Bye. - Alright.
Ugh.
This is not good. He sent pictures.
[derek] let's see.
[chauncey] oh it's all rotted out. Look under there.
So this is the original wood, and then, yeah, look at that.
Yeah, I mean, that looks terrible.
[chauncey] ugh.
[upbeat music plays]
[chauncey] now that we know the extent of the damage,
We're installing new subfloor
Support beams throughout the house.
We didn't budget for this,
But it will definitely add some value to the house.
Next, we're installing insulation.
And drywall in every room.
Then we're framing out the new hall bathroom...
...And installing the plumbing for it.
And then, in the new laundry and bonus rooms,
We're running new electrical.
It's really exciting to see our vision come to life.
[chauncey] so I think the peninsula
Is gonna come out to about right here.
-Ok. -'cause you'll have
The door to go out to the mud room
-And all of that there. -Yeah.
Then beside that, we'll have like a pantry.
-[chad] knock knock! -Should be done with that fast.
-[knocking] -hey. How are you?
[chad] hello, good!
You wanna take a look outside at the windows?
-Yes, certainly would. -Alright.
We're at our westwood project
Walking through some design and layout things.
We've an appointment with chad at maverick windows
To come check out the house,
To give us a bid on replacing all the windows.
So, what are we thinking?
I mean, I personally want black windows,
Because the outside of the house is gonna be black.
Ok, you do realize those black windows
Are gonna be more expensive?
What's more expensive?
They're usually 20 to 30 percent more, depending on the size.
Yeah, and don't they usually take longer to come in, too?
Yeah, the lead times tend to add
Another four to six weeks.
So more money, and more time.
I'm not thinking black windows are gonna work here.
Well let's kinda brainstorm through that as we're walking,
But let me just kind of show you what the vision is.
This wall that you see with this opening.
-Yeah. -Is going to get moved out,
And become even with the front of the house.
And so that's gonna be a flex space in there,
And so essentially, about the size of that opening,
I'm wanting one big picture window. Right here.
Yes, the one thing we'll have to do here,
That is gonna have to be 18 inches above the floor.
-Ok. -And we'll be able to make
One picture window that size.
I think that would look really nice.
I like that.
Chad with solutions
And you still get to spend a little money.
So chad, how long are we looking
To get these new windows installed?
If we go with the all black option,
We're probably looking at eight to 12 weeks.
-Ok. -If you go with the white option
We're looking at four to six weeks.
I think I remember you saying that black was more expensive,
So if we're doing black, what's the cost there?
So, if you do black, we have 16 windows.
Um, you're probably looking at close to $31,000.
-Ooh. -For all 16 windows
In black exterior. The good thing is, with white windows,
You be looking at closer to $26,000, $27,000.
[derek] well with inflation, and higher labor costs,
It's not surprising.
Especially if you want good quality.
Alright, well let us chat about which option we wanna go with,
And we'll be in touch,
'cause we gotta get 'em moved pretty quickly.
Please let us know.
[chauncey] based on this project,
You know, needing to be done in the next four to six weeks,
We've got a lot to think about in terms of
If we want something that's gonna be
Aesthetically pleasing, spend that extra money,
Or we might have to go with something
That fits our timeline and budget a bit more.
So, we gotta talk.
[derek] it's time to build our new primary bathroom.
We are able to run the plumbing, frame it out...
...Add insulation and drywall, and run electrical.
In the kitchen, we are framing out the new window...
...Running plumbing and installing drywall.
And outside, we're replacing the old fence
Which is an expensive but necessary upgrade
To this property.
At this point of our $85,000 renovation budget,
We've already spent $58,695.
Which seems crazy given that we're only
About a third of the way through this flip.
We've already tackled a lot of major work
On this house, but we have a lot more to go.
So I'm already expecting us to go over budget.
I cannot wait to get this house painted.
I think it's gonna be so cute.
But we gotta do some razzle dazzle,
Jazz it up a little bit.
-It's all open, right? -It looks great.
But what I'm having a hard time with,
And what I need your help with, is paint.
-Ok. -What are you thinking
Would suit this space?
What if we went with like a bold darker color,
Maybe even in like a wash type effect? To give some texture.
No. Like I know that you're all into the design trend
Side of it, but like, I still have to sell the house.
Buyers are also following trends,
So you have to keep that in mind. You can't just...
But I just feel like that's a little bit far out.
Like, to do like a texture.
That's really giving me, like, 90s mom vibes.
What about if we did a stark white?
Definitely not a stark white.
I mean, we don't want it to feel cold.
We want warmth, right?
I knew that you were gonna be like,
"oh, make it warm."
So, I booked a virtual color consultation
With sherwin-williams.
-[sarah] you booked a consult? -[chauncey] I did.
You don't spend money on anything.
I'm not spending money on this 'cause it's actually free.
-Oh, ok. -[phone rings]
Oh, phone's ringing. I think it might be her.
Good morning chauncey,
It's madison with sherwin-williams.
How are you doing today?
I'm doing great. How are you?
I'm here today with sarah. We are having a healthy debate
Right now on the paint color, so you called right on time.
Have you guys started with any colors?
Like do you have any fixed element
That we need to consider, such as like the flooring,
Countertops, cabinets, tile, that sort of thing?
I think the flooring color has been decided.
Yeah it's like a medium to dark wood.
In one bathroom, the floor tile is kind of
A really light terracotta color.
-Almost a tan. - Ok, perfect.
Alright guys, so here are my recommendations
For the main wall color.
I would probably go with either the shoji white.
-Yeah, we'd use that. -Love that.
Or I really like the biscuit
Because of what it's gonna do with the terracotta floors.
-Ooh. -I love biscuit.
-I love that. -That is bordering on
-Like a creamy tan color. -Yeah, I really like that.
-Very warm. -Yeah, I like it.
And we can't figure out what colors to paint the doors.
-We both love greens. -We do love green.
So for a green tone, I would consider retreat.
-Ooh. -That one's really pretty.
This is a great, great color.
Because we do have all of these wonderful windows, that opens
Out to the landscaping, and it shows,
It's bringing the outside in and kind of repeating that
So you've got repetition of that color coming in.
I like that.
Thanks so much for your time today, madison.
Thanks, madison.
-Alright, bye, guys. -Bye-bye.
Alright, you wanna go to the store?
-Let's go get some samples. -Alright.
Alright let's do it.
-I'm driving. -Ok.
[chauncey] I am definitely excited
To see these colors actually on the wall.
I'm excited to introduce a bold accent color
In this design, and now that we've got some direction
On the paint colors, I'm excited to test out
Some swatches on the wall.
-This was the retreat. -Yes.
So this was kind of that darker green.
Maybe we'll be able to put this on the closet doors,
Or do something with it out in the mud area, laundry room.
-Oh. -Beautiful.
It's the perfect shade.
So that is the high reflective white.
Yeah, it looks great.
I say we do that for the ceiling,
-The doors and the trim. -Ok, I like it.
-Biscuit? -Yes.
That is possibly going to be our main paint color.
Now those three colors together?
Really great.
So, are we settled on main wall color being biscuit?
Trim doors, ceiling high reflective white?
-And going with retreat? -Yes.
Although, there's still room for debate
In retreat being a trim color?
-No, that is not a debate ma'am. -Maybe?
-It is not. -Ok, we'll see, we'll see.
Now that we've got our paint colors picked out,
Our crew is starting to paint the interior walls
This lovely biscuit color by sherwin-williams,
And painting the trim and the doors
High reflective white.
Outside, all of the concrete is badly cracked,
Due to foundation issues,
So we're bringing in sam the concrete man
To remove all the concrete on the front porch,
Laundry bonus room, garage and back patio.
Next, we're adding a layer of gravel
And a support structure of iron rebar.
[horn honks]
Once that's done, we're pouring the concrete,
And leveling it out to a smooth finish.
We spent more money on the concrete than expected,
But it is a worthwhile investment.
Once the concrete has cured long enough to walk on,
We're framing out the new exterior
And dividing walls of the laundry and bonus rooms.
Then, we're installing the drywall in those rooms.
And on the exterior, we're painting the brick
A beautiful color, called sherwin-williams green black.
Our renovation budget for this house is $85,000.
At this point, we've spent $90,806
Which means that we're over budget by almost $6,000,
And we still have a lot of work left to do.
Normally, I'd really be freaking out.
But I re-ran the numbers
With our increased square footage, and based on that,
With recent sale prices, our arv has increased
From 405 to $450,000.
[chauncey] oh my gosh, babe,
The house is looking so good.
[derek] yeah, it's coming together.
You haven't seen it since
Everything was closed off and added in.
So we're at our westwood project today
To do a status check and walk through.
-Ta-da! -Yeah, so open.
It's so open, it's so pretty, I love it so much.
Hmm, what do you think about this room?
-It's big now. -I mean,
I liked how we were able to separate
And give it that laundry room and that flex space.
-I see you look... -Wait a minute.
Babe. It is wet as hell in here on the floor.
[derek] yeah, that's not coming from the ceiling.
[chauncey] then where's it coming from?
Yeah, I mean that drywall looks wet down there.
Ugh!
I mean, it's not mushy yet, but it's wet.
Yeah, it's been storming so hard after this last couple of days.
-[she sighs] -let's go check it out.
Seeing this water on the floor definitely has me
A little bit nervous, but I'm hoping that
This isn't gonna be that big of a problem.
We're hoping.
-Hoping. -Hoping.
Fingers crossed.
[chauncey] where's that damn water going in?
Well, there's our hole that we can see there.
I mean, take a look underneath here
And this is your culprit for sure.
Yeah, no, absolutely, we need to add the siding
-And it needs the door, like... -Yeah.
That makes me feel so much better
That at least it's just like not sealed up.
But like, we need to get on it.
Call the guys and get on that, and let's add some sealing.
-Alright, calm down. -[she chuckles]
[derek] we don't wanna risk
Any more leaks in the laundry room,
So we're having our crew
Install a new back door, right away.
The glass panel will let in the sunlight,
Without letting in the weather.
In the guest bathroom,
We're installing the shower and drywall
And finishing the drywall in the primary bath.
On the outside of the kitchen,
We're bricking up the former window,
And once it's painted, it'll look seamless.
We're replacing the old wooden garage door
With a nice new electric model.
In the bonus room,
We're cutting out a hole for the giant picture window,
Which will look very impressive from the street.
And finally, our floors are going in,
And even though they're not the original hardwoods,
These luxury vinyl floors are very durable,
And the silver elm finish is beautiful.
And after a six week wait,
Our new windows are getting installed.
We ended up going with the white ones,
Because they cost much less than the black ones.
With faster delivery. These were more expensive
Than what we budgeted for, but we feel it's worth it.
[chauncey] we're here today at best cheer stone
To pick out countertops for the bathroom vanities.
[derek] ok.
-[chauncey] hey. -Hi, guys!
-[chauncey] how are you? -[derek] hello.
-[courtney] doing good. -[chauncey] so... [sighs]
We've got ourselves in a pickle.
I assumed that the slab that we got last time
Would cover the kitchen and the bathrooms,
But we do not have enough for the bathroom vanities.
Ok.
We wanna avoid buying a giant slab,
Because we just have a 72 inch and a 24 inch vanity,
So wanna keep it budget friendly.
-Budget friendly. -[laughs]
[courtney] ok, well we have some great prefab options.
So here's a level one, it's white linen.
[chauncey] ooh.
I like this one.
It's kind of the opposite of what we did for the kitchen,
So the black with the specks,
And this is like a creamy with the specks.
-Yeah. -So, yeah.
Can we go up to the front and get it priced out,
Then have our guys come pick it up
-And fabricate it? -Yeah, absolutely.
-Cool. -Alright.
[chauncey] we're down to the home stretch
Of this renovation, but we've still
Got a lot of work to do.
In the kitchen, we're installing new cabinets,
Including a couple of floor length pieces
To maximize storage.
Next, we're painting them that beautiful dark green
Called retreat, which we're also painting
On the front and back doors,
To serve as the main accent color for this house.
In the guest bathroom shower, we're installing
Vertical elongated subway tiles in an aloe green color.
And in the primary bath,
We're installing large format porcelain tile
To simulate black marble for pennies on the dollar,
With beautiful gold hardware to finish it off.
Next, we're adding floor length wardrobe cabinets
To provide closet space for the primary suite.
In the kitchen, we're adding a touch of luxury
With sleek black leather granite countertops,
And in the bathrooms we're installing clean white quartz.
To add some separation between the kitchen and hallway,
We're adding a simple divider.
Next, we're wiring the house for wall mounted tvs,
Something buyers in this neighborhood
Are really going to appreciate.
On the outside, we're installing a white oak siding
To offset the black brick and we're planting
An assortment of lush green shrubbery
To complete the landscaping.
This renovation is now complete.
Now, we can get to the fun part, staging.
We've transformed the layout of this house so beautifully...
[sarah] that's the office.
[chauncey] ...And so I wanna showcase every room
By placing just the right pieces of furniture.
Sarah, this was the perfect size.
Yeah.
[chauncey] and finishing touches,
In a boho transitional style,
To help the prospective buyer
Imagine what it would be like to live here.
I love it so much.
I think this house speaks for itself,
But this staging will push it to the next level,
And get us the best offers when it goes to the market.
Turned out cute. The buyers are gonna love it.
-That's all that matters. -Yep, it's what matters.
[chauncey] our renovation budget for this house was $85,000.
Now that we've completed all of our work,
We've spent $124,491.
We went over budget by $39,491,
Something that I wouldn't normally allow.
The new windows, kitchen cabinets,
And bathroom tile helped push us over budget,
But because we added 400 square feet,
As well as factoring in recent higher sale prices
In the neighborhood, we've raised our arv
From 405 to $450,000.
More than enough to make this project very profitable.
Holy moly.
[derek] this thing looks amazing.
[chauncey] this house looks so good.
I'm loving it, I'm loving it. Already it looks so great.
It really does, yes.
[chauncey] everything was blue
When we first pulled up to this house.
This whole area was just kinda like, full of junk.
So now we've changed the stairs
To be on the front of the house.
Now we have a proper garage door.
This has changed the entire exterior elevation
Of how everything looks.
-It has. -Yeah.
[chauncey] if you remember, this was all just open.
And this wall was not even here. It was pushed back.
[derek] that's right, that's right.
Yeah, we had to bump the wall all the way out.
Hitting it with some siding, you've got a big window now.
And I'm just really loving the siding
And the siding color that we chose.
And babe, I think my favorite part
Of this entire exterior of the house is the paint color.
I got my black house. And it is glorious. I love it.
And hopefully we'll love the inside just as much.
[derek] yeah, I can't wait to see it.
Do you not remember, this house had nothing but roaches,
Dead rats everywhere,
It smelled like absolute [bleep] everywhere.
I mean the floor was coming up, it was so bad.
[chauncey] it was.
[derek] man, this is looking good.
[chauncey] what do you think?
[derek] I love it.
[chauncey] isn't it so pretty?
When we first came into the house,
We had the big wall
That divided the dining room from the kitchen.
And now we have this combined living room dining room space.
[derek] I mean, it's nice, it's open, it's really clean.
Then let's also talk about this cabinet color.
[derek] it's pretty, the hardware.
[chauncey] it's pretty. You know I had to
Throw in my green, so the sherwin-williams retreat.
It's a beautiful kind of, like, gray green color.
And then we elevated the entire space
With like some higher end cabinet pulls.
-They weren't cheap. -Oh, I know. Oh I know.
-[she laughs] -this house was definitely
Over budget, I felt that. But...
[chauncey] but it's so pretty,
And I know you noticed the leather countertops.
-[derek] yeah. -[chauncey] it all just flows
Really, really well. Now we have this whole
Built-in wall situation.
I love this, so it gives kind of this high end finish out, right?
With the cook top, the oven. The built-in, oh man.
I think my favorite part of this house is what we did here.
-So this looks like cabinets. -Yeah, it's pretty.
[chauncey] but it's not cabinets.
This is literally a piece of plywood
With cabinet doors and drawer fronts on.
-This cost all of about $350. -Right.
But look at this impact in the flow that it created.
With revealing.
[derek] oh, yeah.
To this cool space.
Wow, this, man, this railing. It looks so modern.
It's hard to believe that this was an outdoor space before.
Do you not remember all the busted up concrete?
-I mean, it was junky storage. -Yeah.
[chauncey] it was a total waste of space.
And now we've added about 400 square feet to the house.
[derek] love that.
[chauncey] giving it a proper laundry room
So that instead of the washer being in the kitchen,
-It's in its own space. -Right.
We've added a sink, we've added this mud area
So you can drop your things.
It has cool access to outside, but the biggest thing is,
We were able to add a whole other room, babe.
Like, look. This is like a whole other bedroom.
[derek] oh I love this.
Yeah I really love the big window.
I mean it makes the room feel huge.
[chauncey] it really does. And babe, this room
Can be used for anything from an office,
To a bedroom, to an exercise room.
[derek] right. Whatever you wanna do,
-This room's ready to go. -[chauncey] oh, let's go
Check out these bedrooms, though.
[derek] yeah, I'm ready to see it.
Everything just looks so different.
[chauncey] and let's not forget
The carpet that was in here before.
It was so bad, it smelled awful in here.
[chauncey] but now we've got a nice room
With a big window.
[derek] nice doors, nice hardware.
And it doesn't smell.
[chauncey] no. And what do you notice about this?
Ah, well this is no longer a bathroom, right?
[derek] kinda miss that dead rat.
[chauncey] [laughs] it smelled so bad.
-[derek] yeah. -[chauncey] remember I gagged?
-[derek] yeah. -[chauncey] it was awful.
But, instead of now having this bathroom on this side...
-Yep. -...This used to be a closet,
That we turned into a different hall bath.
[derek] ooh, I love this. Ooh, look at this vanity.
[chauncey] isn't it so cute?
And the vanity is kind of wood slats.
It mimics the wood slats
In the other areas of the house.
[derek] man I love it.
[chauncey] now, to the primary.
[derek] I mean, this room was so nasty before.
[chauncey] it was, it was disgusting.
It smelled awful.
[chauncey] ooh, but this is the macdaddy bedroom, babe.
[derek] and it feels nice and open.
Got new windows in here. New flooring.
[chauncey] it just feels so much bigger from the light,
The paint color, to the new flooring in here.
-Yeah. -It just gave it
A true primary suite,
And the house just did not have that before.
I love it.
[chauncey] so speaking of suite,
Let's go and check out this bathroom.
You see that's what I'm noticing my eyes are gravitating
-That way. -Which is the suite life.
[derek] the old primary bathroom
-Was a little tiny space. -It was tiny.
[chauncey] we were able to combine
That teeny tiny little bathroom,
With the bathroom that was in the hallway.
-[derek] right. -[chauncey] as well as
The closet that was in here, so now we have a dual vanity
And we have a huge walk-in shower.
[derek] yeah, it's beautiful.
[chauncey] and I really wanted to do something
Impactful with this wall, like a marble slab.
-Right. -I was able to find
These marble look tiles, it achieved the look
-With a fraction of the price. -Right.
And then this wardrobe.
The house didn't have a primary closet anymore,
-So I had to create one. -Yeah.
So we've got fancy shelves,
We've got room for hanging storage,
You got his and her situations.
Well now I love it, it looks high end.
It matches the rest of the house.
[chauncey] this bathroom in general
-Is gonna be so necessary. -Yeah.
To command the sale price that we want for this house.
And it's gonna make us money.
I think it's got a high-end feel,
And again, we still didn't have to
Go with a high end rehab budget.
Yeah, no, absolutely, I love it.
And babe, we have this beautiful back yard, now.
Yeah, I'm ready to see this back yard.
Take a look see.
[derek] this area here was such a mess before, right?
-[chauncey] ugh. -[derek] the door
Was falling down, you could walk all the way through it.
-[chauncey] yeah. -[derek] I could definitely say
That in my opinion, this is the biggest transformation
Of the house.
[chauncey] absolutely. Now, because we
Closed in this laundry area, that now
We have the beautiful siding that we added back here as well.
-[derek] yeah, I love it. -[chauncey] yeah.
The addition of this giant patio
Is gonna be a huge value to buyers.
They can easily add a pergola to it.
-[derek] yep. -And really kinda
Customize the space, but we've given them
-The foundation for it. -Love that.
[chauncey] the landscaping looks good back here.
And ultimately, I was all complaining and scared,
Because there's a freakin' water tower right here.
-It was. -Guess what?
-What? -My phone's been ringing
-Off the hook. -Good.
Already, the people wanna see this
And we don't even have it on the market yet.
So the water tower didn't matter that much.
Oh, the house is beautiful.
Yeah, well go on and get outta here,
So I can grab some of these calls
And get to showing the house, like now.
[derek] it's 'cause I let you spend a lot of money on this,
-That's why. -[laughs] whatever.
[chauncey] from rats and roaches to rotted floors,
This house has seen its share of problems.
But, now that we have
Dramatically improved the layout,
And increased the square footage,
We're able to put this house on the market
For a whopping $459,000.
We paid $205,000 for this house.
We spent $124,491 to renovate it,
And our closing costs are $10,125.
Our loan interest is $4,650.
Which brings our total costs to flip this house
To just over $344,000.
So we're set to make a very hefty profit
Of $114,734 when it sells.
This former zombie is now a stunning retreat
And is officially on the market.
-[derek] hey chauncey? -Yes?
[derek] hey, come check this out.
I think I've found our next zombie.
Oh, joy.
[derek] yeah this looks horrible.
But, it looks like,
It looks like an investor bought it
And they've already started it.
We can just go in there, fix what needs to be fixed.
Like, will we have an opportunity
To see it, before we actually buy it this time?
Yes. So it's on lock box, I've got the code.
-Whoo! -And we can go see it now,
So we can figure out if we wanna buy it.
Let's do that, before you change your mind.
Or maybe we can buy it on the way?
-[laughs] -make it more exciting
-When we get there. -You drive me insane
With these sight unseen properties.