Sorry, “Flip or Flop” followers: Tarek and Christina El Moussa haven’t solely cut up up, however information has additionally surfaced that their hit 3-year-old HGTV actuality present will quickly come to a sudden, bitter finish. An insider has simply advised E! News that a handful of episodes shall be filmed within the new yr to satisfy contractual obligations, however “the show will end after that.” Bummer!
This is all of the extra cause to scrutinize the newest few episodes now airing, bemoan our loss, and search for telltale clues that the top was close to. Was it hiding there, in plain sight, all alongside?
Our suspicions have been raised within the previous episode, the place Tarek left Christina at residence with the youngsters to go flipping with rework buddy Pete de Best. But guess what? In the newest installment, Tarek and Christina are again collectively! Flipping, at the very least. But interloper Pete continues to be lurking, and pushing the couple to make some critical errors with their newest rework challenge. Since one of the best classes come from once you botch issues big-time (or watch others achieve this), right here’s what we discovered.
Lesson No 1: Never purchase a house sight unseen
Pete calls Tarek and Christina to inform them that he’s made a $365,000 supply on a three-bedroom, two-bath home in Anaheim, CA, that’s mere days away from closing. He needs Tarek and Christina to get in on it, however they don’t have time to swing by and examine the property. Still, the comps within the space are between $440,000 and $460,000, and Pete estimates they might want to spend solely about $30,000 on transforming. So they comply with go halfsies. Yet Tarek admits, “Buying a house sight unseen is always risky.”
And how. Pete’s “estimate” seems to be tens of hundreds of dollars under what they actually need.
Lesson No 2: Never decide a home by its cowl
When Tarek and Christina pull as much as the home for the primary time, they observe that it wants new paint, and “the carpet is filthy,” in response to Christina. But she loves the uncovered beams and the retro kitchen, and begins planning for principally beauty fixes that may be nicely inside the $30,000 price range. However, as soon as they begin, they discover out that two-thirds of the plumbing must be changed and, horror of horrors, the home wants a brand new roof and HVAC system. They find yourself spending greater than double what they’d budgeted on the renovation, to the tune of about $70,000.
Lesson No. 3: Never present the home till it’s picture-perfect
Finally, after a lot work, the home has a brand new kitchen, baths, roof, and paint job.
“I must say, this house looks adorable,” Christina says, beaming. Then she steps into the yard and finds one thing much less cute, verging on disastrous: The water within the pool they’d simply relined has turned darkish inexperienced.
Instead of suspending the approaching open home, they maintain it anyway. Surely the guests will perceive the pool can be blue by the point they purchase, proper?
Nope. The first potential consumers eye the inexperienced gunk and run.
The home spends three lengthy weeks on the market, and time is cash whenever you’re renting furnishings for staging. Finally they get an supply simply over the $489,900 listing worth: $495,000. In the top, their complete funding within the property was about $437,400 plus $20,000 in closing prices, in order that they find yourself making about $37,600 in income, which they’ve to separate with Pete. So their take-home finally ends up being a measly $18,000 for 4 months of exhausting work.
All of which has us pining for the times when it was simply Tarek and Christina. Sigh.
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