Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

This Is What A MONEY MAKING Renovation Looks Like

19 Oct 2023 · 1 min

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Christian Osgood renovates a moldy, paint-stained one-bedroom unit in a Seattle seven-unit building. He replaces the carpet and bathtub, installs removable luxury vinyl flooring, and moves the water heater out of the kitchen. The whole project turns a gross space into a rentable unit on a tight budget.

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You want to know what a money-making renovation looks like? This is exactly what it looks like. Cost-effective and a very beautiful unit. The walls in here were green, yellow, and white. Paint everywhere, super nasty paint all over the flooring, moldy carpet in the bedroom, and the bathtub and bathroom were just gross. We show you what we did. So first things first, glue down LVP. This stuff is waterproof, and if it gets damaged, you can actually just take a heat gun, pull it right up. Plus, it looks fantastic. Super easy, really inexpensive, great product for rentals. We redid the countertops, new stove, brand new fridge. We actually took a water heater that was here in the kitchen and moved it into the bathroom. Got a moldy tub. Look at that thing. Simple, clean. That is what you're going for— functional and a nice place to live. This place is pretty. It's a one bed. This is a standalone unit in a 7-unit campus here in Seattle. You can absolutely do this too.