Thursday, August 16, 2007
Who Says Los Angeles Homes Are Overpriced?
A recent episode of TLC's "Flip That House" featured a home that sold for just $189,000! OK, granted, the home was 375 square feet... with no bedroom... and it was located in South Los Angeles.
Oh, and the house was scary. Real scary: Look at the bathroom above. The flipper completely gutted the place, redoing everything and adding two bedrooms (500 square feet, for a total of 875 square feet). He spent $90,000 on the flip, and put the house back on the market for around $385,000.
Makes our tiny Glendale house look a little more roomy. By the way, we were quite impressed by the speed with which the 500 square feet was added: By the end of two weeks, it was pretty much done! So why did it take nearly six months for our 400 square foot addition?
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