Sunday, August 28, 2011

New Boxy Babe gets and overhaul! 4132 Oleatha BEFORE.

The latest property to hit the market from Starke, Inc. has gone from drab to fab. This little Mid-Century Modern Bungalow needed a little TLC. Clearly, it was neglected and not loved like it should have been, but things happen and owners get busy. We had been scouting for a new property in Tower Grove South for a while now. The goal? Buy the ugliest house on the cutest and most stable block possible, and then turn it around for an affordable price. Too often people think that a renovater/rehabber buys a property and sticks a little bit of lipstick on the "pig". Often, people are right. That is not the case when Starke and his team (myself included) gets involved. The name of the game for many people in the renovation game is, get in and get out with as little updating as possible. While it is smart on the pocket book, it isn't great for the neighborhood. Starke focuses on one geographic area at a time and then attempts to help the whole hood by raising values. This is easily accomplished when the renovation appeals to a wide audience and has stellar updates. 

Here are the before pics:




Thursday, August 18, 2011

Into Every 'Hab Some Water Must Fall, or SPEW

IMG_2123 by Stärke Inc
Today, the copper thieves struck. After gutting this bath and replacing bad lines, those jerks came and cut them. This newest acquisition is is one of my favorite hoods to renovate, Tower Grove South. A perfect bungalow with a garage, on a sleepy street with awesome neighbors has been robbed. Now, I know what you are going to say, "Leigh, doesn't that mean it is in a bad neighborhood?". The answer is, "NO". I don't like defining neighborhoods in those terms anyways. In fact, it is against the law and besides that, some of my best friends live there. Good and bad are subjective, unless you are a copper thieve. Then you are just bad for business. Copper jerks are everywhere, looking to pull of the most cowardly crime in the world. For a little bit of money, they damage thousands in property and YOUR property values. 

Have you ever wondered why that foreclosure next door has sat so long? More than likely, it can't be financed because lenders don't like to loan on properties that don't have working plumbing. No copper=no loan in most situations. So, the property sits until someone willing to take on a project like that comes along with CASH. 

Unfortunately for me, the owner was out of town. Which meant, I was in charge. GREAT, I know it sounds fun in theory, but it's not. I don't get to stand around and be bossy bossy. Besides that, a good crew won't respond to a leader that won't work with them. Luckily, Dan (the contractor man) was there early and called me to tell me they had stuck and the water needed to be shut off. Fabulous, they didn't turn off the water before snipping  away. He then called the cops and made a report. I showed up while the Crime Scene Unit was there taking pics ('cause that helps). They didn't get much, which means they more than likely will be back. We than shut off the water  and Dan pulled the stain glass (they love that too) , boarded up the windows, secured the doors and started to paint the copper. You paint it and it is worth less at the scrap yard.


The neighbors LOVE the board up look, let me tell you. Hey, it isn't our fault. Blame the thieves...


Bottom line: You see someone suspicious, call the COPS. Make noise, turn on your lights. Every single house that is sold more cheaply in your neighborhood due to crimes of destruction perpetuates low property values.  Good renovations, help to raise the values. A lot of projects are abandoned due to the fact the contractor/rehabber has ran out of money because of going over budget from these shenanigans.

Friday, July 29, 2011

It's a Jungle Out There


So, after switching companies ( I went to Re/MAX Results) and hiring an awesome new assistant (more to come on her), I am back to blogging. I fell off, not thinking anyone was reading them. I couldn't have been more wrong. Problem is, since I am not on the job site everyday, the fun hi jinxes the boys get themselves into seem to be less. Or maybe, they are reporting about them less? Or maybe, just maybe... the boys are not having anymore issues. Things are sailing along as smooth as a boat on a lake of glass, NOT! That couldn't be the answer.

True,  Stärke, Inc. has come a long way, and the guys who work there have set into a routine. Not to mention, they are able to handle much more work, and do it with more precision. However, rehabbing/renovation in itself is a HI-JINX. You never know what is behind the wall, what the previous owner had rigged himself, what lies beneath, what lies in the fridge, who has hidden what where (the things we have found, lemme tell you) and so on. So, here I am. Stuck between trying to be entertaining and provide real substance in these blogs.

The funniest "Incident"  I have to report right now is the winky-dink that the recent lawn person pulled. He was getting paid to do the lawns, twice a week. Which he was kind of doing. Sorta. OK, not really. Not thinking, we would drive by the properties and look at the lawns and make note. They looked OK, we knew he wasn't there as often as he said, we knew that. Guess what was happening? He was only  mowing the FRONT lawns. Mean while the backyards of properties we were trying to sell looked like a cougar could come out of the grass and snatch your face off. Lesson learned here? Supervision is a constant must in property management, rehabbing, renovations and the like. While the cat is away, the mice will play.

Next Blog: I will introduce you to the newest member of  Stärke's inventory, who is almost ready to hit the market....SHE'S a BRICK HOUSE. Mighty, Mighty in Tower Grove South.

Soon to be followed by our "NEW PROJECT"- Hopefully, I can get the guys to take more pics on that one as they go.

Monday, August 23, 2010

Meet Mini...A very affordable option in Tower Grove South


















I am sure you all feel that naming the houses is a little "campy" or strange. I myself, find it to be not too much of a stretch. What I mean by that is this...Every house has a personality and person to fit each of its characteristics and flaws. Houses and neighborhoods can have a soul. Neighborhoods are given a soul by its residents, parks and businesses. Houses change over time and almost always carry traces of their previous tenants with them.

I decided to call this house Mini because  architecturally it's a Mini Castle bungalow. Mini Castles tend to be my favorite bungalow style. While they are not quite as intriguing as the Gingerbread from the outside, they are way sexier, to me on the inside. Minis have awesome floor plans, are usually more spacious and have rockin' ceiling height. The tall ceilings make them look VERY much LARGER and allow for more decorating options.

This mini, the Mini was part of an estate. The house was relatively in good shape but, a whole lot of ugly. On the interior it was 1970's glam.  She had mirrored walls with gold veins running through them, powder blue plastic bathroom, ugly carpet and the trim in some places had been removed. Not many buyers these days appreciate that kind of style. So, needles to say Stärke will be renovating this gal from top to bottom and then try to find her a new owner. Could it be you?

Thursday, August 19, 2010

Been Looking for those hard to find replacement parts for your historic home?

Recently, I moved...Needless to say that twice in less than 2 years was a bit much for this girl. I definitely have a new found sense of empathy for my clients who are moving. After my divorce, I suddenly found myself with little, or no furniture. Determined this time around to find pieces that I really loved, instead of microfiber crap I headed to Cherokee Street. Cherokee street has tons and tons of antiques and vintage items. While purchasing a white marble side table I found tons and tons of Stain glass windows, door knobs, doors and more. If you are looking for that hard to replace vintage door knob, hinge or glass window head on over to Cherokee. Remember, these shop owners are used to bargaining. Never pay full price just on principal! :)

Monday, August 16, 2010

Meet Mimi, our newest Tower Grove South Stunner

P1010912C

Mimi, is one of Stärke's newest acquisitions. This little bungalow was found quite by accident, but was too good of a deal to pass up. Shortly after making an offer on Mini, (whom you will meet in the the next blog) Mimi dropped in our lap. Usually, the owner of  Stärke, my broker, myself, other agents and anyone else who wants to help out goes to view HUD homes, foreclosures, read emails from wholesalers, make phone calls and drive up and down the street to find good houses. This time, things were much simpler, a letter came in the mail. Stärke's owner received it because he has bought other distressed properties in the area. Somehow, a wholesaler from California had gotten his home address from tax records and asked if he wanted to buy Mimi. I was skeptical, as an agent I get letters like this all the time and more often than not they just want you to buy a membership to their awesome list. At the urging of my client I made the call. The next day we were viewing the home. Mimi is on a wonderful block, had newer systems and was even habitable in it's current condition. What was even better, that as far as we know we weren't in competition with other rehabbers. Closing went smoothly and she is currently begin rehabbed. Mimi and Mini will be the subjects of quite a few more blogs. Follow these wonderful houses all the way to their sale.

Thursday, August 5, 2010

The Darth Vader of Real Estate

Bidding on, securing, closing and rehabbing foreclosure properties aren't the only challenges that agents and rehabbers face. Getting in to view these properties often poses problems as well. I have what I like to call a survival kit for foreclosures: Heavy Mag Flashlight with LED guts (much brighter), Screwdriver, Cell Phone (for emergency calls) and often times a Vent mask/Respirator. The last item that was listed, the vent mask is the most important for me. I am deathly allergic to mold and often times foreclosures are crawling with it. What happens is this: 1.the house sits vacant 2. thieves steal the copper 3. thieves don't turn off the water before stealing plumbing and finally, 4.mold grows all over the place. Most foreclosure agents and banks NOW make people aware of the presence mold and you have to sign a waiver to view the property. When I have to sign one of these waivers, I borrow the mask from Leo at Starke go right in.



Funny thing is, mold isn't the only thing that you have to get the mask for. Sometimes, dirty people live in the houses and just don't take care of things. Starke's new little gingerbread in Tower Grove South "Mimi", had a smell that we just couldn't find the source of upon initial inspection. Well, he did find the smell after purchase, and it was the fridge. Needless to say, he had to use the vent mask to clean it out. I had a friend that helped clean up Katrina and she was told, "Whatever you do DON'T OPEN THE FRIDGE. You know what people do when they are told "don't"? Someone always DOES.

The fridge is now cleaned out, and has been removed from Mimi. Shortly after that the entire kitchen was removed. More to come on that!