Episode 38: Creative Ways to Add Value

Episode 38: 6 Creative Ways to Add Value

by Doug & Andrea Van Soest | Spouses Flipping Houses

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Episode 38: Show Notes

We recently had a wholesale deal several investors passed by when we presented it to them.

After finding an investor who wanted it after a quick inspection, we realized he was able to see how to add value to the property that no one else could. Today, we’re going to talk with you about 6 creative ways to add value to a property, that others may not be able to see.

Episode 38 Transcript

Download Episode 38 Transcript

Andrea: Welcome back to Spouses Flipping Houses, Episode 38. Today we are talking about creative ways that you can add value, and I think we have six creative ways that you can add value to any project.

Doug: Not talking about adding value in the traditional way of adding new flooring, and new paint, and maybe better countertops or anything like that in terms of design. We’re talking specifically about creative ways to make a deal out of something that just on the surface would not normally be a deal.

Andrea: Right, which is great for today’s pretty competitive market. I think a lot of people out there are struggling to find deals, and sometimes you just need to look at it in a different way.

Doug: Yeah put on your creative glasses, and we’ll show you some things to look for. Excited about getting into that.

Andrea: Yeah so before we talk about that, maybe we should talk about the fact that Doug needs a little more sleep.

Doug: The fact that I’m turning 40 and losing my mind. I turned 40, and I’ve lost my marbles. It’s official.

Andrea: So we just went to lunch, and we’re coming back from lunch, and we entered the house through our garage. Okay, so first of all I have to tell you that our garage is a little bit crazy.

It’s very low on the priority list of things in our life, so the organization and what not you know is just not our priority. It’s filled with staging stuff on one side; the other side is kid’s bicycles, and tricycles, and scooters, and it’s just a big modgepodge. And as long as there’s a walking path in the middle, I’m cool with it.

Doug: The garage goes through phases, like it’ll have a few months of the year where we’ve cleaned house, and it’s looking great. Organized, we’re parking in there. Then, you know eventually it’s like where else do we put this?

I’ll just put it in the garage temporarily, and then another thing goes in the garage temporarily.

Andrea: And really a lot of life takes place in our garage. We do a lot of projects out