Thursday, November 1, 2012

Our First Rental - The Little Forest Dew Garden Home

Blake and I always had the goal of getting into real estate and when we found out that we were pregnant with Delaney, we decided to take action that Fall and make our dream a reality. 

We found an absolutely amazing For Sale By Owner garden home in the much coveted Hidden Forest neighborhood. The home had been been owned and lived in by one owner and she had recently passed way. Her children lived out of town and were anxious to get rid of it, even leaving most of her belongings and furniture to us. The 3 bedroom/2 bath one story home was dated but had great bones. We purchased it for $135K in October 2012 and put $10K into scraping the popcorn ceilings, putting laminate wood down in the dining, living, master bedroom and one of the secondary bedrooms. We repainted every single wall and put it on the market. It was rented within 24 hours. We originally rented it in 2012 for $1495/mo, increased to $1540 mid 2015, again a bump to $1675 in Aug 2016 and to $1740 in Aug 2017. This home has never been vacant in the 4 years we have owned it and the only significant items we have had to replace has been a refrigerator and oven/stove in 2016. In early 2017, we did replace the last room of carpet in the 3rd bedroom to make the house 100% Saltillo tile and laminate wood.


















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