Here’s an idea: How about buying that old rundown Houston house where President Lyndon Johnson lived in the early 1930s that nobody seems to want, then trying flip it for more than twice the price? Great idea, but you got beaten to it.
The 1904 farmhouse-style structure on the corner of Hawthorne and Garrott in the Westmoreland Historic District was snatched up for less than $285,000 this past March — about a year after it first went up for sale (for a significantly higher price). As of mid-June the home is back on the MLS, with a few photos of the renovation-in-progress to spur interest. What could the would-be flippers do to the place that would bring in a price around, say . . . $619,900?
Yes, that’s the current asking price. How about putting in some tile?
Okay, how about taking out the paneling and carpet:
and putting in some travertine tile?
Then how about a few new kitchen cabinets, replacing these:
The listing says work on the 3,191-sq.-ft. 3-bedroom, 2-and-a-half-bath home — where the future president lived with his Uncle George during the Great Depression, while teaching at Sam Houston High School — is in the “final stages of completion.” Also included: a new electrical system, plumbing, air conditioning and heating, exterior paint, and a porch swing.