Buying an abandoned house can be risky. But for house flippers Austin Flipsters, it was an opportunity. They spent over a million dollars transforming a dilapidated 1939 bungalow in Austin, Texas. This project became their biggest before-and-after renovation ever.
The House Before Renovation
The house had been abandoned for 10 years. It was full of raccoon droppings, fleas, and mold. The layout was odd, with an unclear number of bedrooms. The foundation was a mix of pier and beam in the front and a slab in the back. It also came with a second house on the property, making the high price tag a bit more reasonable.
Purchase Details:
- Location: Travis Heights, Austin, Texas
- Purchase Price: $770,000
- Size: 2,100 square feet
- Original Condition: Two bathrooms, unclear bedroom count
- Bonus: A second house in the backyard
Major Renovation Changes
To modernize the home, the team restructured the entire layout. They opened the main floor to create a large kitchen, dining, and living area. Upstairs, they reconfigured the space to include three bedrooms and an additional bathroom. The team also built a two-story porch, added new windows, and upgraded plumbing and electrical systems.
Key Renovations:
- Open concept living, dining, and kitchen area
- Fully redesigned second floor with three bedrooms
- New porch and two-story deck
- Complete electrical and plumbing overhaul
- Luxury finishes and high-end design elements
The Stunning Transformation
The final reveal was breathtaking. The once unlivable house became a modern dream home with high-end finishes. The kitchen featured a massive black island with white cabinetry and statement lighting. The master bedroom had access to a private deck. The bathrooms showcased dark vanities, bold tile, and elegant fixtures.
The Numbers:
- Total Renovation & Holding Costs: $520,000
- Total Investment: $1,290,000
- Sold the Back House: $430,000
- Sold the Main House: $1,550,000
- Total Sales Price: $1,980,000
- Closing Costs: $99,000
- Net Profit: $591,000
This was not just another house flip. It was a true transformation. Austin Flipsters took a neglected property and turned it into a high-end dream home. The project was a huge success, proving that bold investments can lead to big rewards.
Follow Austin Flipsters for more house flips and stay tuned for their next exciting project!
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