-[man] 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.
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. -Ooh.
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.
Bullet holes. My type of house. I mean it's got some good bones.
[Chauncey] No Derek. Dallas is a hot real estate market
with fierce competition.
-This looks amazing. -This was money well spent.
Hmm. And as a husband and wife team,
we broke the mold on flipping zombies with high-end appeal
to create Family Capital Partners,
a multi-million dollar business.
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.
[rock music]
We need to go on and book travel this weekend.
Yeah, I'm feeling the beach.
I really want us to like, go and relax and unwind.
Like, it's been a lot of stress for the last couple of weeks.
-I'm down with that. -Where are you taking me?
We are headed to a zombie in Arcadia Park.
Arcadia Park. It's close to all the major highways.
It's a Dallas proper address. This is the neighborhood, right?
-Yes. -This is really nice.
Some houses look like they're brand new.
Like, this is a total new construction house.
[Derek] That's cool. This looks pretty new.
[Chauncey] These houses have above average size lots,
they're really big. I'm liking it.
Arcadia Park is a quaint suburb in West Dallas,
with only about 6,000 residents.
This neighborhood has a great community feel
with lots of public parks, golf courses,
shopping and restaurants.
And with the median sale price of homes
in this area on the lower end, that should translate
to bigger profits for Derek and I.
[Derek] Got a Derek Special for you.
[Chauncey] Ugh, another damn Derek Special.
[Derek] Some flippers abandoned it.
Oh babe. Like, a lot of those houses are real sketchy.
So what are the specs on it?
We're talking three bedrooms, two baths.
Okay.
So it's 1500 square feet.
Half done does not tickle my fancy.
Is it half done or half-ass done?
Derek's found this abandoned flip
and he thinks it's a good idea to take this job on.
We don't know what the hell
the last flippers did or what they didn't do.
So this could really be a disaster.
It could be more than a zombie.
-Is this the house? -[Derek] Oh yeah.
-[Chauncey] Derek. -Yeah, this looks like [BEEP].
Damn, this isn't right.
[eerie music]
What up?
-[Chauncey] This is terrible. -It's a zombie.
[Chauncey] This is a zombie zombie.
Oh man.
[Albert] This is a half-started remodel.
[Derek] We got it for 125,000.
That looks like a 125 foundation.
[Albert] Yeah.
This is not looking good like,
what is happening with this foundation situation?
Everything is crumbling.
[Albert] Foundation is shot.
Somebody touched the foundation.
-It wasn't completed so... -[Chauncey] Okay.
...the front needs to be redone
but maybe not the whole house.
Okay? Are those new windows?
The windows are brand new. The siding is new...
...and there's other stuff that we have inside as well,
materials left behind. Yeah.
Looks like we'll need a new roof.
[Albert] Yeah.
I'm also seeing a lot of wood rot,
kind of up around like, this soffit.
We're gonna need some new wood trim.
Yeah, I mean it's, it's close to 80 years old,
so there's definitely gonna be some stuff in
-the bones we have to replace. -It's gonna have cast iron.
It's got cast iron plumbing so we're
gonna have to deal with that.
[groans] And all the mud.
Are we gonna have to do a driveway too?
[Albert] I think it needs a driveway at least
to the front of the house. But check that out.
Oh yeah, electrical panel.
The electrical is already redone.
All-new electrical, the panel's brand new...
-Yeah. -...the poles already installed.
Then you'll see inside, it's already ran.
I like this house, it's saving me money already.
[Albert] 12 grand immediately.
[Chauncey] I won't say that.
[Derek] But I do like the huge lot.
That's gonna be a big selling point.
[Chauncey] This is a big yard, babe.
A quarter of an acre.
Expensive to landscape.
Do you guys really wanna try to go inside?
This porch does not look safe.
It looks that way but it's, it's safe enough.
-[Chauncey] Here we go. -[Albert] Watch your step.
[Derek] This house was built in 1947
and features three bedrooms,
two bathrooms and stands at 1,492 square feet.
It also features a primary suite
and a partially completed addition in the back.
[Chauncey] Y'all... this is terrible.
[Derek] Woo. House looks like a real dump.
[Albert] It is as bad as it looks.
[Chauncey] Holy moly. This is bad.
I see a hole in the floor.
Literally, I'm looking at the earth.
I know how it looks, but you gotta look at positives.
There's a lot of stuff here we can use. This sheet rock is new.
Yeah. New electrical and new sheet rock.
Everything is ready to go.
There's a bunch of paint, tile.
Y'all are more optimistic than I am right now.
It's 125.
I would assume this is probably the kitchen.
Yeah.
Kitchen, dining combo here. Living there.
[Chauncey] I guess we're gonna carefully
make our way through this house
but seeing this dirt down here...
but also seeing this framing. It's good.
Guys, this is a whole new room.
-New addition. -Yeah, I like that.
Yeah. It looks like this could be like, a bedroom.
'Cause I see like, a closet here.
And then a bathroom...
-[Derek] Okay. Yeah. -[Chauncey] ...over here.
This is a nice size room.
[Albert] A new addition.
[Chauncey] Is it permanent?
Can we even use it as an addition
with extra square footage?
For the price point I think that's something we'd deal with.
-Right. -Might not be.
They wouldn't be selling it cheap
if it was ready to go for us.
It does it make it bigger than 1,400 square feet too?
Absolutely it does. It's probably not accounted for.
[Chauncey] Yeah. Alright, well that's all things to consider.
Alright, I'm not hating it.
The ceilings are even high, like--
-Yeah. -Okay.
I'm feeling better. It's still--
The electrical looks done right.
[Albert] The electrical looks good.
This is a big bathroom. So then you have a hall bath.
Yeah. Big secondary. Right.
[Chauncey] But huh.
Man, this shiplap looks terrible.
[Derek] Yeah, it looks like [BEEP].
[Chauncey] And then this is another bedroom?
Look at the size. Like, that is the one thing
that I am pleasantly surprised about with this house.
The size of these rooms is insane.
But man, it's a dump. Like, everything is just open.
[Derek] I love it though. I'm feeling this house.
They've done quite a bit. Free lumber we get to use.
[Derek] Yeah, insulation. Come on,
lumber, windows, electrical.
Y'all really are loving this raggedy zombie house, like--
Hey man. It's, it's right on the money.
Let's just keep looking. Hold your horses, okay?
I'm looking. She'll like it by the end.
[Chauncey] This is a mess. Another bedroom.
Oh my God. Look at this termite damage.
-Yeah. -Like,
that shiplap is shot.
[Derek] We're gonna have to take that down.
[Albert] Got termite damage, wood rot.
This is another good-size room and look,
here's another bathroom that's totally framed out.
[Derek] This might be the primary. This--
[Chauncey] It has two primaries.
-[Albert] Yeah. -[Derek] Oh yeah.
Huh. And it looks like the layout of this bathroom
has already been established.
-Yeah. -Over-sized shower.
Ready for a can light. Full bath.
That makes this a three-three?
With two primary suites.
-I'm liking that. -It's a three-two.
So as a three three, when we're done with it,
-that's great for the ARV. -Right.
I hear y'all talking, but I'm still a little skeptical.
I can still see the ground but it's got some potential.
Let's go talk numbers and see
if we can...bring this zombie back to life.
My biggest concern is
that we're cleaning up somebody else's mess.
Like, any time we've walked into these situations,
it's never as good as it seems.
Run the numbers by me one more time.
[Derek] I think it's a good deal. Buy it for 125.
Then for the reno budget.
I mean, initially I was thinking 75,000.
But could we get it down to maybe 50? 55?
Hmm, no. It's not that good. 75 is more realistic.
The comps I saw on the way over here were in
the high 200s, around 285,000.
-Okay. -So I mean, those numbers...
-Still money. -...could work.
As long as there's no unforeseen problems,
which you know with these zombies,
we're always uncovering issues when we start breaking in and--
-I think this is a win. -Alright.
-There's a big cushion. -Alright.
[Chauncey] This house definitely has issues,
but it also has a ton of potential.
Because it's already been gutted and had walls removed,
we're starting with a clean slate
and spacious open concept floor plan.
Starting in the living room and dining areas,
we're going to put in al-new vinyl plank flooring
in a beautiful oak finish.
And we're installing accent wall paneling
in the living room.
In the kitchen, we're putting in
black and white checkerboard flooring,
we're maximizing cabinet and counter space by building
a peninsula on one side and putting
all of the appliances on the other side.
With a laundry closet in the back.
In the first primary bath, we're installing
a double vanity, a massive walk-in shower
with his and hers shower heads
and we're continuing the checkerboard flooring.
The first primary bedroom will feature a walk-in closet.
In the second primary bath, in the new addition,
we're also installing a double vanity
as well as a huge walk-in shower.
And the second primary bedroom
will also feature a walk-in closet.
And on the front exterior of the house,
to create a show stopping first impression,
we are tearing down the old front porch
and completely rebuilding from ground up.
We're painting it a bold dark gray accent color
and installing new floorboards in a warm wood finish.
[Derek] We've purchased this property for $125,000.
Our renovation budget is $75,000.
The estimated closing costs are $5,780.
With a 30-day time line,
our loan interest will only be 1,390,
which puts our all-in cost at $207,170.
The ARV for a comparable house in the neighborhood
is 285,000,
so if we can sell it for that number,
we stand to make a profit of $77,830.
[Chauncey] We have our crew working demo day.
Even though we bought it mostly demoed,
there's still plenty more to do.
First, we're removing all the nasty old shiplap on the walls.
Then we're getting rid of the old, rotted sub core panels.
We didn't find any active termites in this house
so we're ready to rock and roll.
We're removing all the old construction debris
around the exterior and cleaning up
the overgrown grass.
And back inside, we're repairing and replacing
some of the wood framing in the living room,
the kitchen and in the new addition.
This renovation is off to a good start.
[thunder crackles]
Ah. Hey guys.
Now that all the demo is done,
the house is full of building materials
as our crew gets prepared to start on the sub-floors.
Meanwhile, I'm here to take a fresh look at all the spaces
to see if I can come up with some inspiration for the design.
Huh. What in the world? What's that smell?
[gasps] What is this?
It's wet. Oh my God.
What the hell?
-Hey. -Hey, baby.
How are you feeling? I know you're at home sick.
I know. I'm hanging in there. I'm getting a bit better.
What I'm about to tell you won't make you feel any better.
What's going on?
I am over here at Arcadia and...
I did a quick little walk through
and I came to this, this back room.
Look. It's all wet.
The subfloor looks to be moldy or mildewy.
And then look, babe. Even up on the drywall.
That's like, on the wall leading to the bathroom.
Same thing like, up there, it looks awful.
Yeah, I know. Everything's kind of a little bit wet back there.
I talked to Albert about this,
I guess I forget to talk to you about it.
But yeah, the roof's not on good there
But, but wait, wait, wait. Stop, stop, stop.
-You knew? -Yeah.
Why didn't you say anything to me?
'Cause I figured you would probably freak out
like how you're freaking out right now.
This is like, a three to $500 fix.
We need like, two sheets of subfloor and maybe...
...like, one or two sheets of drywall and then we're good.
It would be nice if you would communicate
and tell me these things 'cause I literally
came in this house and had a damn heart attack.
Freaking out.
I'm freaking out. Yeah, 'cause everything's wet,
it smells mildewy back here like--
Yeah, this is-- Just look up,
you'll see some gaps in that roof.
It's the roof. I mean, that does bring us
to a major problem though, so you're right.
Like if, if we don't fix this then, you know,
we'll have more problems so...
we're getting on the roof and scheduled,
but that's gonna be the big part is getting the roof on,
especially with all the rain that's coming.
-Yeah. -And then we'll be fine.
Okay. So we definitely need to get the roof on
but this is a quick fix, thank God.
But next time, can you and Albert
please tell me so I don't pass out?
Three to 500 bucks, it's easy.
Alright, well get back in bed. Take your cough drop.
-Love you. -Love you.
[BEEP] just happens, they don't tell me.
[Derek] The roofing team's scheduled a couple weeks out,
so we've covered the addition for now
to keep water from getting inside.
Now that the framing of the walls has been replaced,
the next job is to swap out all of the rotten floor joists.
Followed by new plumbing starting under the house,
then working our way into the kitchen
and the three bathrooms.
The electrical was already run throughout the house
by the previous flipper,
so we need to connect the wires
to the breakers inside the new panel
and that job is done.
Woo, child.
Albert.
What up?
We got work to do. I've come bearing design.
Oh, you're finally getting to it, huh?
Stop fussing, okay?
-I need you to speed that up. -Stop judging me.
I wanted to make sure the tile I picked out
made sense with these wall colors, and it does.
[Chauncey] Figuring out the design's a challenge
because I'm trying to combine vintage with a modern flair.
So I'm sure Albert is relieved
that I've come up with something.
Let's roll with this alabaster color as the walls
and this high reflective white for the ceiling and the trim.
Okay.
We'll do this for the exterior body of the house.
And let's do this color for the trim and the soffits.
Okay. That's cool.
But I did wanna ask you a question about
these penny tile sheets in the shower surround.
And like, see if we can save some money.
-Let me show you what I mean. -Okay.
I'm thinking that we do like, a modern take on the vintage look.
Remember how the old-school bathrooms
had the same color tile on the countertops
-and the walls? -Yeah, yeah.
I wanna do the same with penny tile.
[Albert] Material's cheaper than subway tile.
I like the idea of this because this whole house,
-I'm wanting it to feel vintage. -Gotcha.
I think we'll roll with it,
let me get you the spreadsheet
so you can get to ordering.
-Finish my spreadsheet. -Alright, alright.
While I order tile and work on Albert's spreadsheets,
work continues inside the house.
With most of the plumbing work complete,
we can finally lay down new subfloor sheets
and make this house safe to walk in again.
Next, we're adding new insulation
to the exterior walls in every room,
followed by new drywall.
And we're installing a new front door
for upgraded security and curb appeal.
Watch your step.
Oh Lord, this porch is raggedy. Landscape guys.
-What's going on? -Hey guys.
-Hey, how are you? -Ah, I'm making it.
-You're making it. -Good to see you.
Trying to make it in the heat.
-Thanks for making it out here. -No problem.
Ready to tackle this masterpiece?
-You bet. -I think you have
a lot on your hands though. Wow.
Today we're meeting with Mike and Warren from Texas Lawns
to come up with a design plan for the landscaping.
This house has a generous 9,400 square foot lot,
so making the curb appeal pop is gonna be a big job.
This is gonna be a whole new porch that's built here.
We really wanna highlight that feature of the house
'cause it'll have a nice, large porch kind of on the front.
Are you picturing a modern landscape?
Or are you wanting to stick with traditional?
I'm thinking a little bit more modern.
-Okay. -Yeah.
Because even the fencing that I plan on
bringing into the front here, I'm thinking horizontal, babe.
Of course. Thinking expensive.
She likes to spend, if you haven't figured it out.
We don't mind spending your money, so
we can do whatever you guys want.
[Chauncey] And then we have the side of the house.
[Warren] Oh my gosh.
It's a big lot for this size house.
I don't wanna go overboard with a bunch of stuff,
but I want it to be clean and manicured.
[Warren] Okay.
How much is doing this right will cost?
Mike, you've been doing this a long time, how much?
I think we're starting at 28.
-Hundred or thousand? -Thousand dollars.
[Derek] Oh [BEEP].
[laughs]
Wait, that is way far beyond what we ever thought.
We're trying to do this whole project for 75,000.
I can see the wheels turning in Derek's head.
Like, this is not gonna work.
But we gotta do something
because this yard is a complete desert.
The curb appeal on this house is zero.
You know, there are a lot of considerations.
The main thing would be all the irrigation
that we're gonna have to install
for all of the sod
that's gonna go out of this huge, beautiful back yard.
But it's, it's a big back yard and all the flowerbeds.
And I think we have to worry about the grading too, right?
We do. We gotta grade it.
And grading requires a little bit
from the city's perspective for drainage
and everything else.
City regs, drainage,
containing water,
not causing a problem for your neighbors.
You are throwing out things that I didn't even think about.
But I do think that this yard
-is a primary selling point. -Absolutely.
Get us on schedule and we can work out some numbers
and figure out what we can do,
I think that this could be a good deal for us.
No I, I strongly believe that
we can do wonders with this yard.
We just have to figure out
what that budget looks like.
Yeah. I, I hope you can do wonders for $28,000.
That budget's definitely a lot less than $28,000.
We've decided to hire Texas Lawns to do our landscaping,
even though it'll put us over our original budget.
But we were able to scale back on the plans enough
to get the quote down to $15,000.
It's way more than we would usually spend,
but people buy in this neighborhood
for the over-sized lots.
So we need to do everything we can
to really make the yard and curb appeal stand out.
Inside, our bathrooms are starting to take shape
as we install the tub in the guest bathroom...
prep the showers
in both primary baths and install the tile.
For both primary baths,
we're using a white penny tile
but differentiating the spaces
by simply changing out the grout colors.
One having the light blue, the other, light green.
It's like a separate neighborhood. That's kind of a--
This is very interesting. These are really cute houses.
These are nice. Pretty updated.
-Yeah. -They're pretty maintained.
Yeah, these are newer.
Oh hey, this is Joe with Good Guys Roofing.
Joe Joe, how are you?
Uh-oh, what's--
Okay, what's going on?
What does that mean, Joe?
Oh man, that's some bad news.
Listen, we're pretty close to Arcadia now.
How about we stop by in a few minutes
and you can show us what's up in person?
Alright, bye. Damn, that sucks, man.
I mean, you know, the roof was already in bad shape.
I knew it was in bad shape, I didn't know that bad.
Yeah, the [BEEP] just falling apart.
-Hey, Joe. -Hey.
-What's up bruh? -Hey.
-Hell yeah. Good to see you. -You too.
Well I see you've already been, I guess, up on the roof?
We tried. So we were ready to put the roof on today.
But they found some things that may make
the build a little bit more costly.
So let me get up there,
take a look at it and I'll meet you there.
And we'll talk about it.
-Alright. -Alrighty.
-Here we go. -More costly,
that sounds like fun.
You know, it's never good
if Joe has to get up on the roof, right?
[Chauncey] He's up in a nice shirt
so it's gotta be serious.
So we've got three layers of roofing.
We have two layers of asphalt shingles.
The bottom layer is wood shake.
And the wood shake is installed over open decking,
which means under this wood shake
there's nothing to keep all of this small debris
from falling in your attic space.
Alright Joe, so what does that mean?
It means we're gonna have to be very careful
and we have more layers of roofing material to remove,
so there's extra labor with dumps and all of that.
And then when we're done with this job
we're gonna have to get a cleaning crew
to go in the attic and pick up
all of this really small wood shake debris.
So is that just where you're standing, Joe?
Or is this for the entire roof?
I've looked at the entire roof
and it's fortunately just this back half of the roof
-that we have... -Okay.
...this issue so it's not terrible.
But it is gonna add a little bit to the cost.
And unfortunately it looks like
the last three or four roofers
didn't wanna do it the right way
and that's why we're in this spot.
-[Derek] Right. -Okay.
You wanna come down off the roof first
before you deliver bad news?
I don't like yelled bad news up above.
Yes ma'am. I'll-- Yeah, I'll come down so--
Yeah, don't fall. We do not need any more expenses.
No. Slow and steady wins that race,
my old boss told me. And we do have insurance.
We're covered if that happens.
What's the cost for all of this additional labor?
Additional materials? What's that looking like?
We've gotta get the OSB here to completely deck it
so we've got a solid surface we can nail into.
With the OSB and the labor to install the OSB
and then to remove the extra roofing
and haul everything off,
we're looking at about $5,000 in addition to the roof costs.
So it brings the reroof budget to about 15,000 total.
Ooh.
Are there any alternatives?
Any other things that we can do that's cheaper?
Unfortunately we can't. If you want it to pass inspection,
we have to have a solid surface to nail the shingles into.
Right.
Unfortunately, the last roofers
that did this kinda put you in this tough spot.
Right. Is this gonna add any more time to the job?
A little bit more time, but not much.
We just didn't wanna open it up today
because it will make the job longer.
It makes sense.
-We gotta do what we gotta do. -No choice.
I'll go inside, figure where to take it from design budget.
No, it's cool. We know we can depend on you to do it right.
Yes, sir. We'll get you taken care of.
-Alright, thanks Joe. -Thank you.
-Damn it. -We don't have money for this.
We don't.
[Chauncey] With unexpected costs for landscaping
and now this roofing overage as well,
we've already spent almost all
of our $75,000 budget for this house.
With just over $10,000 left to spend
and 40,000 hours of work left to do,
we're projecting to go over budget by at least $30,000.
This is eating into our profit big time.
I'm not sure what to do about it.
So right now, I don't think we can do this porch.
Not do it, or wait till the end, figure out what we can do.
What are you guys talking about?
I'm glad you're here, we got news for you.
This looks like a serious conversation without me.
It's not something you're gonna like.
Yeah, it's not good news.
We don't have any money for this porch.
Yeah. The porch is not happening at this point
unless we figure something out.
Guys, we have to.
This is literally a shotgun house without this porch.
This porch is the main feature of the house
that makes is sell-able.
We're even considering not doing the driveway,
if that tells you how over budget we are on this house.
We're already over budget. Babe, we have to do the porch.
We're at my maximum budget.
We came into this house thinking we'd spend 75 to rehab.
But we've already gone over budget
on the landscaping and the roof
because the porch is probably gonna cost 15K,
plus we still need to do the painting,
flooring and cabinetry.
I really-- I don't think it fits here.
What else can I do that's maybe a cheaper alternative
than like, re-decking this entire porch? What's--
-Wood stairs and some mulch. -Wood stairs and mulch.
Getting rid of all of this here. This whole structure.
You guys are talking about taking out the roof
and this entire porch just sitting some stairs...
-Over there. -...in front of the door?
And maybe some mulch to cover it up.
Yep.
Just landscaping.
It becomes a shotgun house.
[Derek] Yeah, I guess.
I can't sell it without a porch,
with some freaking stairs
floating, walking up--
I knew you'd say that.
Look around at these other houses.
I don't see porches on every house.
That's the point is that we stand out
against all of other houses in the neighborhood.
Otherwise, we sell for the same low prices
that those houses sell for.
We've got a good design in there.
It's gonna be really, really pretty
and beautiful on the inside.
But curb appeal is such a big deal, guys.
We need something different.
I don't care what the hell they say.
A porch is going on this house
'cause it won't sell without it. So I'm getting my porch.
Let me regroup, let me-- let me go and look
and see if there are some low cost options
that I can come up with and throw y'all's way.
Because we have to do something with this front.
Look, it's not gonna really solve the issue 100 per cent,
but maybe the type of material
that we are using for the porch might take a little chunk off.
And then I'll see what, what Juan says
about changing some of the other material.
But again, it's not gonna eliminate the amount of money
that we need to eliminate, it'll reduce it a little bit.
Alright. Let me think. Just let me think. I'll figure it out.
-I love good news. -Yeah.
So we've look at the renovation budget again
and I've convinced Derek
that in order to save the front porch,
we need to cancel the new driveway and the new fence.
These were really hard sacrifices
but I think it's the right decision
because these changes will ultimately
net us more profit in the end.
Meanwhile, the renovation continues full speed ahead.
[Chauncey] Good Guys Roofing are here to clean up the mess
left behind by previous roof jobs,
by getting rid of the old shingles
and wood shake debris.
Then they're installing a new roof
the right way with a solid OSB decking layer underneath.
For the front porch, we're fixing the foundation
by installing new concrete piers.
Then we're jacking up the roof overhang
to counteract the settling...
and replacing the rafters in the porch ceiling.
This is an expensive job
but to save money on the decking and stairs,
we're installing affordable pine boards,
which we still stain later in a beautiful cedar finish.
Then we're finishing the job
by adding siding to cover the foundations.
Inside, we're giving the entire house
a fresh coat of paint.
Next, we're putting in luxury vinyl floors
in the living, dining and bedrooms
in a white-oak finish.
[Chauncey] Arcadia house is driving me insane.
[Derek] Our budget's destroyed.
Our typical landscape budget's around 2,000.
This house is-- We've spent 15,000.
The roof, that went up another $5,000
on top of the ten we already spent for the roof.
We're still looking at flooring, counters, some paint.
There's still a lot to do that's expensive.
You know, I mean it's not good.
Our only saving grace is really to be able to sell the house
for more money than what we thought.
So we'll get the comps, maybe we'll get lucky.
Ooh. Hear me out. You know the new construction
that's going on right there
-in the next couple of streets? -Yeah.
Those houses have driven the ARV up so freaking much.
-Here's one that's 320. -Okay.
There's another one that's 349.
Oh wow.
All of these are three twos and we're a three three.
Just with the time that has elapsed since we got the house,
and with all of this new construction being done
and having gone on the market, sold...
-Right. -...we might be able
to put this bad boy on the market for like, 320 to 330.
Oh, I mean that would be great. I mean, originally what?
We were thinking like, 280? 285?
Yeah, tops.
That would offset everything
that we've gone over budget and probably then some.
No, absolutely 'cause we've gone over budget what?
At this point, you know, about 18,000
just with the roof and the landscaping alone.
If I scale back a little bit on the finishes
and we're just smart with how they're actually applied.
And then we can list at a much higher number,
I think we'll be in the money.
I still need you to cut your budget though.
Just-- Just hush.
[Chauncey] We're down to the home stretch
on this renovation. Outside,
we're painting it a warm tan
called accessible beige,
with a bold charcoal accent color
called iron ore for the front porch and trim.
Not much money left for floor tile in the kitchen
and bathrooms, but I really wanted
to have the impact of a classic
black and white checkerboard floor.
So I got creative and found
very affordable ceramic tile at a discount warehouse
that achieves the bold look I was going for.
Next, we're installing white shaker cabinets
in the kitchen and bathrooms.
And we're adding sleek black light fixtures
with an art deco vibe.
We're finishing off the bedrooms
with all new trim and door hardware.
In the kitchen, the appliances are going in.
And in the bathrooms,
we're installing dark gray quartz countertops.
We saved about $2,000
with butcher block counters in the kitchen,
instead of granite or quartz.
But we're adding a touch of elegance
by creating a waterfall countertop
for not much extra money.
Our final design touches include
bamboo accent walls painted iron ore,
and floating shelves in the kitchen
which save us $750, instead of additional cabinets.
And on the outside,
Texas Lawns is here to do the landscaping.
They're grading the soil,
installing the irrigation system,
rolling out the sod,
and installing beautiful flowerbeds.
This house is ready for staging.
[parking sensor beeps]
I'm excited.
This house looks great already. I'm ready to see inside.
Alright, let's get this stuff inside.
[Chauncey] Ordinarily, Sarah stages our flips
but she has been so busy.
So this time, I'm having to bring in
Nikki Watson from Design Quad.
It's the largest staging company in North America,
so hopefully she has enough inventory
to come in and save the day.
It's gonna be cozy. It's gonna feel like a family lives here.
[Chauncey] Nikki's style is transitional,
which is a good mix of modern and traditional.
And I'm noticing of lot of buyers
are really attracted to it.
We're going with a neutral color palette
with warm earth tones
to make the house feel cozy.
In the end, it'll be easy for buyers
to imagine themselves living here in comfort and in style.
I did it. [laughs]
Let's finish getting this damn house staged.
[Chauncey] Our renovation budget for this house was $75,000.
Now that we've completed all of the work,
we spent $102,400.
We went over budget by $27,400.
Based on the comps I pulled in this neighborhood,
we're confident that we'll make
a good profit on this one.
[sighs] We're finally done with this frickin' house.
Yeah, I'm ready to go see it so--
-You haven't seen it in forever. -Oh, it's been a while.
I'm super excited to see how it looks
with sod and flowerbed and all the things.
Arcadia, let's see what we're working with.
[Chauncey] Holy crap.
[Derek] Oh wow.
-[squeals] -Man, this thing looks crazy.
Remember how this house looked before?
The porch and foundation were crumbling.
And a lot of the wood was rotting too.
[Derek] Yeah, the paint was peeling. It was such a mess.
[Chauncey] And now, look at this transformation.
It looks so beautiful.
[Derek] Yeah I can't believe it.
[Chauncey] It looks like a different house.
This is insane, look at this porch.
[Derek] It's got good curb appeal
with the porch actually.
Yeah, so you got the modern wire railing
and look at how pretty the decking is.
And believe it or not, this wasn't like, high-end lumber
but we just chose the stain color
that masked it and pops out against this paint color.
-[Derek] Like cedar. -[Chauncey] Yeah.
[Derek]I like the two tone. That's all not the same color.
-This paint color pops. -Yeah, it looks good.
It's really great. And then what about this roof?
Before, from the street, you could even see like,
all of the divots in the decking and roof.
And so it looks so, so good now.
[Derek] Good Guys, they really came through on this.
-They hooked it up. -Let's talk about this yard.
Back when we first bought it, this was just dirt.
[Derek] it was ugly.
[Chauncey] Old tires and trash.
[Derek] So bare and nasty, yeah.
[Chauncey] And now it just looks so good.
The landscaping set off this whole thing.
[Derek] Flowerbed, that's going in.
[Chauncey] This is a great yard.
[Derek] Got sod everywhere...
-Yeah. -...this was a huge job.
[Chauncey] This was the best investment
that we made in the house.
[Derek] It helps with the curb appeal.
That is going to bring us so much more money
than this just being a dirt lot.
[Derek] I'm happy we got that done.
[Chauncey] Looks like a different house.
[Derek] I can't believe it.
Outside's great, I can't wait to see inside.
-Oh wow. It just-- -[screams]
-It just keeps getting better. -It does. When we first came
this was just like, open, rotted out looking shiplap.
No insulation, no floor.
[Derek] No sub-floor, right? You had holes in the floor,
you could see to the ground and the dirt.
[Chauncey] Absolutely.
And now we have this like, well-defined space.
[Derek] When you walk in, you get hit with the wow factor
and I mean, it's got a lot of space.
It really, really does. And then here we are
in an actual like, dining area.
[Derek] Right. It's got a big table.
[Chauncey] This is added bonus when it comes to selling it...
-[Derek] Yep. -...that we have
a sit in dining area.
Plenty of space.
Let's talk about this kitchen.
Before, when we first walked into the house,
there was no real separation in these spaces.
It was just one big open room
and then a big-ass hole in the floor right here.
You could just fall into the ground.
Now we've got this peninsula,
we've got separate of spaces.
[Derek] I really love this tile and I mean, this waterfall.
Mmm, that's killing it right there.
Isn't this really, really cute?
This is such an economical product,
but you can get some good quality butcher block
and then install it in a way
that makes it appear more luxury.
Yeah, I mean that looks great. The open shelving is nice.
These ceiling mount shelves saved us money on cabinetry.
But also brought in some cool like, design interest...
-[Derek] Right. -...wasn't expensive.
-Love the cabinets. -American Made...
Yeah.
I think it looks really, really good.
-Yeah, I love it. -And...
we now have a laundry room and pantry.
[Derek] Looking nice.
House didn't have it before.
And then, hello. Primary bathroom.
Before, this was not here.
It was framed-out but we didn't quite know
what the last flippers, their intention was with it.
-[Derek] Right. -We're able to flip it
into a bathroom.
So now we've got double vanities.
Yeah, this looks great. Man, I love these countertops.
[Chauncey] Ample space in here. You've got a large shower.
I love it.
And then this bedroom. If you remember,
when we first got here,
whoever abandoned the dang house,
-they framed it out. -[Derek] Right.
-But that's all that they did. -[Derek] Right.
-The roof wasn't on. -[Derek] Yep.
It was leaking. And so now... holy schmoly.
We've got this big room, tonnes of furniture
with this nice window here.
You can see outside, it's a nice flowerbed.
This is a true primary suite.
It's a big bed, it's a big room
and this is one of two primary suites.
So now this house is a three bedroom, three bathroom
with two primary suites like... What else do you want?
Oh, so you're telling me this might have been a good buy.
-I'm not tell you nothing. -Oh, okay.
[laughs] Speaking of two primaries.
Yep.
When we first came in, it just looked nasty.
[Derek] This thing used to be such a dump before.
I mean, this room was so nasty before.
[Chauncey] It was disgusting.
Now look at it.
-This is such a big room. -[Derek] Yes, nice big bed.
-Yeah, again. -It's got a lot space.
It's got a lot space. Again, we've got
-lots of furniture in here. -[Derek] Yep.
It's got a huge closet. This just looks great.
There's just so much room,
What could else anyone want?
[Derek] I love it.
-And then-- -Oh.
When we first came here, this was again,
-another framed-out room. -[Derek] Yeah.
[Chauncey] It was nowhere close to being finished.
There wasn't even really any floor. It was the...
-[Derek] Right. -...raggedy wood.
You had shiplap that you could see through,
there was no insulation, there was no drywall.
And now we have this really beautifully finished out
primary bathroom in this house. Dual vanity.
-[Derek] Yep. -Dual shower.
It's all finished out.
This house will give you bang for your buck
and I told you it was gonna be a good buy.
Stop it with the "I told you so's".
Just saying.
And... bathroom number three.
-This room didn't have walls. -[Derek] Right.
We had to kind of figure out the configuration
of where everything was gonna lay
because it was just an open space.
And so now we figured out,
we got a nice size vanity in here, toilet.
We got the tub, shower combo.
Again, we brought the penny tile in here.
So an economical choice but it's really pretty.
I love it. It's finished out great.
[Chauncey] Finished out so well.
I really, really think this one's gonna be a winner.
And then we got one more bedroom to take a look at.
Oh wow.
When we first got here,
it was just another shoddy room with...
[both] No walls. [laughs]
It was ridiculous. It looks so good.
-[Derek] Nice. -[Chauncey] Third bedroom,
but this essentially is like, the same size as a primary.
-Yeah. -The value for this is good.
-[Derek] Nailed it. -Well... let's talk numbers.
As you remember, we bought this bad boy for 125,000.
We ended up, of course, going over budget,
but putting, all in, about 102,000.
-Right. -ARV. I know we thought 280
when we first bought this.
-I'm seeing like, 320... -320.
-...maybe even more. -Yeah. 100%
I think the smart move here is that we can list it at 319
between all of the sales in the neighborhood,
the market just having gone up,
with it being a three bed, three whole bath.
We'll have no problems selling at 320.
Yeah, and all that sod too.
I mean, a full landscape was done so--
Let's get to it and speaking of landscape,
let's figure out how the hell
to keep this grass alive outside.
From water damage, to roof troubles,
to busted budgets, this house
has seen its share of problems.
But now that we have installed stunning landscaping
and built two whole primary suites,
we're able to put this house on the market
for a whopping $320,000.
We paid $125,000 for this house
and we spent $102,400 to renovate it.
Our closing costs are $5,780
and our loan interest is 1,510.
Which brings our total cost to flip this house to $234,690.
So we're set to make a very hefty profit
of $85,310 when it sells.
This former zombie is now a welcoming abode
and it is officially on the market.
Derek, where are you?
I'm over here, side of the house.
Trying to get this thing to work.
Well, hurry up. We cannot let all this sod die.
It cost way too much money.
Yeah. I don't know what's going on.
Fix it.
-Yeah, see I think-- -[screams] Not on me. Not--
-[screams] Turn it off! -[laughs]
Hold on, it's not-- It's not going off though.
Well, figure it out.
-Uh-oh. -This is a mess.
I'm going to the car.
Yeah, you know what? I'm gonna just go-- It's everywhere.
Hey damn.
-[laughs] I did not expect that. -[Chauncey] My God.
-That did cool me a little bit. -Right.