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Real Estate
Reply to "$3.3 million in CCDC / Barnaby Woods"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Guys, this isn’t a “flip.” This is a major renovation/basically rebuilt. The old house is gone. I don’t like the house but that’s just not what “flip” means. [/quote] Same basic shape and size as the old house, though. Can any of the neighbors comment on how much is actually new?[/quote] As the PP said above, it isn’t a flip. It was totally rebuilt and doubled in size. This house was gutted down to the brick walls and joists, with nothing else else remaining. The entire roof framing system was removed, framing was added to walls and the roofline was reframed. A new addition doubling the size of the house was added to the back. Generally a flip is when really only cosmetic stuff like drywall, tile, new roof materials, fixtures, hardware etc. [/quote] Thanks for all the explanation. Your listing is still a flip. [/quote] lol. I love this forum sometimes[/quote] It’s dumb though. The whole point of the word “flip” is to describe buying a house, putting some lipstick on it and relisting it. If you use the term for this house, any house bought to be renovated and resold would be a “flip.” Or even torn down and a spec house built. [/quote] No, if the old house is torn down and a new home is built, it’s a new house. This is happening in our neighborhood- not even the basement remains. Flip may seem inherently cheap and negative to you but it’s not always the case. It’s possible the term “flip” has a bad association because of all of the cheap flips. We’re getting off the subject here. The house in question is a big, massively expensive flip. If you would prefer to call it an extensive renovation, by all means, have at it.[/quote] This house was torn down literally to the exterior masonry walls, and doubled in size. Essentially a new house with an old foundation and old exterior masonry walls. Then, the house was doubled in the back with all new construction by the looks of things. I personally think that crosses over into the threshold where it’s not a flip but I guess we’re all arguing semantics here. [/quote]
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