Hey guys. Matt Faircloth. So I want to talk to you guys about transformation.
This is a property we're in the middle of right now. We're in the middle of a full gut
renovation. And it's a ... It was, as you can see, a house that was this high, one story,
little single rancher, kind of out in the countryside, just a little bungalow house,
maybe out in the middle of nowhere when it was built with a lot of land on it. Things
change, the neighborhood has changed, and there's a lot of new construction all around
the area. There's a lot of development on the retail corridors and stuff like that.
So the area's changed since this little rancher was built. So when we bought it, we perhaps
could have torn it down and built a brand new house. But transformation is about bringing
property back to meet the caliber of the area that they're in. And in this house we decided
it'd be better to just to add a level to the house.
So this is almost new construction, but it's pretty much adding well over 1000 square feet
and more than doubling the size of the house by just adding more bedrooms, adding a master
bath, adding lots of modern functionality to the property. But what I want to take home
to you guys, I'm going to show you what we did inside, but what I want to take home is,
if something's functionally obsolete and not in line with the neighborhood that it's in,
you don't necessarily have to tear it down. Consider all options, because in this we opened
up walls, we added a level. We did a lot to bring it up to the caliber of the neighborhood.
So when you guys find a deal, yeah I'm going to give you guys some tips here about how
you can bring properties up to the area that they're in. If the neighborhood's improved,
or if there's just newer construction or higher end things happening.
Number one, consider adding square footage to the house. For this, you don't necessarily
have to build out into the yard because that would've caused a zoning issue and you would've
had to go through planning boards and stuff like that. Because we're able to go up on
the house, that's something that we were able to do as a right. We just pulled our permits
to do the work because it's not increasing the footprint of the property. It's increasing
the square footage, but only by going up, not by going out. So if you can, go up versus
going out, that's number one. Take that into consideration that if you have a one story
house, and the neighborhood will justify it, you can add a level to it versus putting an
addition out in the yard. So that's tip number one. I'm going to take you guys inside to
show you tip number two. Come on.
So what we did inside was we opened up the floor plan, because it's a modern amenity
where people want to see, people want to see open floor plans. Back when this house was
built, people wanted to compartmentalize houses, where this is your dining room, and all the
walls were closed, and there's one doorway into the dining room. And that was that space
over there, and here's the kitchen, and here's the living room. People wanted rooms for different
purposes. Now we're more communal I think. And so in our society or in America anyway.
So people want openness, open floor plans. So if you can, take down walls, open things
up. You guys can do this as an upgrade to an existing property. If you're looking to
bring a property up to the caliber of a higher end neighborhood that it's in, consider opening
up the floor plan. You got to make sure your walls aren't load bearing.
And if they are you can take them down and put in this. This is called a glulam or a
... And I have pretty much a wooden I-beam, is what it really is in layman's terms. And
it can bear the load of a large span of property. If your walls aren't load bearing, you can
just take them right down and open the floor plan right up. And look, this is going to
be a kitchen. This a kitchen and an eat-in kitchen area is going to be over here. And
it's going to flow all the way over into an open living area with a little dining corridor
here. And a full, like a formal dining room is going to be over there. But this'll be
like a small eating area with living area here too. Okay?
So open floor plans. Tip number two for what you guys can do to really bring properties
up to the area if your area will afford it. But again, this is on properties that were
built for a neighborhood that was in this condition, this caliber, and just things have
exploded. Things have taken off. You're bringing a property up to the highest and best use
of the area that it's in. For this property, we were able to get it for a great price because
of the condition that it was in, because it was pretty much a tear down. But instead of
tearing it down, we decided to remodel it and bring it back to life here, which was
a fraction of the cost of building a whole new house. So come on upstairs. I want to
show you one more feature here you guys are going to love.
So the last tip was a function of us adding all of this vertical square footage and going
up on the house. We also built out over top of the garage, which we created a bunch of
space that didn't exist. Not just by going up, but by going this way over top of the
garage, which was not usable space downstairs. But now I've got this enormous space that's
going to be a fricking beautiful, beautiful guest bed or a master bedroom with two walk-in
closets. Believe it or not, the husband gets a walk in closet too. Normally the wife gets
the walk-in closet and the husband gets the little one with the bifold. You know what
I'm talking about. But this one, they both get a walk-in closet, or maybe she gets both
of them, you never know. Maybe with my wife it would be that way, but that's okay. There's
two walk-in closets, whoever gets them.
And a full master bathroom, enormous master bathroom here. It's like the size of pretty
much my first bedroom when I was growing up would've fit in here. But you've got this
enormous space. And what's great about this is in going up, you can have a lot of fun
with the space. You can do really modern features like opening up all this roof line here because
it's all framed in, this is all going to be double high ceiling, what they call a cathedral
ceiling here. You can imagine, once this gets sheet rocked, how beautiful it's going to
be in this space. So by creating this, you can do this in new construction, but also
in going up and creating new pockets like this, you can really modernize and just in
general just create really, really interesting wow spaces. Like when people see it they go,
"Wow, look at that ceiling. Look at the double walk-in closets. Look at this bathroom." Right?
So that's my point, is in going big like this and creating new pockets, you can create,
modernize wow spaces. Even in a property that was an existing 50 year old house downstairs,
we've created this new amenity and really brought this place back to life. So that's
what I got for you guys. This is going to be a great property. I hope you guys keep
up because I'll shoot more progress videos from here as we move along. But this is going
to be a great one and I hope you guys keep in touch with it. Thanks for watching guys.
Have a great and profitable week.