Inside An Abandoned $66K Home Ready For Renovation | Hidden Gems | Architectural Digest

TL;DR

This video showcases the potential of a 617 square foot home in Pittsburgh that can be transformed into a cozy and functional living space with renovations and updates.

Transcript

my name is nick schaefer i'm a home builder out of boston massachusetts and we build and renovate homes and today we're going to be touring this 617 square foot one bed one bath home here up on what is called electric hill this home is listed for 66 thousand dollars and based on the neighborhood a lot of these homes are ranging anywhere from the lo... Read More

Key Insights

• 👪 The exterior of the home requires landscape maintenance and attention to the condition of the siding and front porch.
• 🙂 Flipping the kitchen and living room can optimize natural light and views.
• 🤣 Adding a separate powder room on the first floor and finishing the basement can significantly enhance the functionality and value of the home.
• ❓ Careful consideration should be given to insulation, electrical upgrades, and plumbing improvements during the renovation process.
• 👪 Investing in renovations and updates can significantly increase the value of the home in relation to other properties in the neighborhood.
• 👾 Creativity and thoughtful design choices can make the small space feel cozy and inviting.
• 😒 The home has potential for various uses, such as a primary residence, short-term rental, or retreat space.

Questions & Answers

Q: What is the potential price range for renovating and revamping this home?

Renovating the entire first floor, adding a bathroom on the second floor, and finishing the basement could cost around $50,000 to $75,000, depending on the materials and finishes chosen.

Q: What are some key considerations for landscaping the front yard?

It is important to maintain the lawn, clean up overgrowth, and address pine needle accumulation from the large tree in front. Adding a fire pit and chairs can create a relaxing outdoor space.

Q: How can the layout of the home be optimized for better flow and functionality?

Flipping the kitchen and living room can make better use of natural light and views. Adding an L-shaped kitchen and an island can enhance functionality, while a separate powder room on the first floor can provide convenience.

Q: How can the basement be utilized to increase the living space?

The basement can be transformed into a laundry room and additional living space, such as a TV room or recreational area. Costs for finishing the basement may range from $10,000 to $15,000.

Summary & Key Takeaways

• The 617 square foot home in Pittsburgh is listed for $66,000 but requires significant renovations and updates.

• The exterior of the home can be enhanced by manicuring the landscape, adding a fire pit, and addressing the condition of the siding and front porch.

• Inside, the kitchen and living room can be flipped to take advantage of natural light and view. Additional suggestions include adding an island, creating a separate powder room, and maximizing space in the basement.