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House flippers

10 signs your pool is too big for the neighborhood

October 29, 2012 By Ryan Lundquist 8 Comments

This is what I’d call a super-sized pool. This house was purchased by Folsom Asset Management as one of their flip projects. For some perspective on the enormity of this swimming hole, look at my Realtor friend Whitney Johnson in the top image. Also, compare the 4400 sq ft house (single story with a 700 sq ft garage) with the pool. Have you ever seen a residential pool this big? What would you do with it if you were going to flip this house?

Overbuilt Pool. Photos by Folsom Asset Management & Compilation by Sacramento Appraisal Blog

Even if the pool was finished, it would very likely be a market liability since most buyers are not looking for a pool this big. On top of that, imagine the cost to heat the pool. It’s no wonder the investment company filled it in before selling the house.

Top-10-Image-purchased-by-Sacramento-Appraisal-Blog-from-www.123rf.comphoto_9840969_golden-top-ten-in-rank-list-trophy-isolated-on-white-background.htmlsgame-123RF-St-sm10 signs your pool is too big for the neighborhood

  1. If your backyard is a potential site for the next Olympics.
  2. If Google Maps mistakes your pool as a lake.
  3. If your pool looks like it should be at a resort.
  4. If prospective buyers think “Yikes, what were they thinking?”
  5. If aerial fire fighters use your pool to scoop up water.
  6. If the Coast Guard uses your pool for rescue training.
  7. If your pool yields little value in the resale market.
  8. If “block party” means the entire neighborhood can literally go swimming.
  9. If your buddies constantly ask you to use their jet skis in your pool.
  10. If buyers don’t have the expectation for such a large pool in the neighborhood.

Questions: What do you think of this pool? What is the 11th sign a pool is too big? I’d love to hear from you in the comments below.

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Filed Under: Photos from the Field, Random Stuff Tagged With: before and after photo of pool, example of overimprovement, fill in pool or not, flip project, Folsom Asset Management, functional obsolesence, Funny real estate photos, House flippers, overbuilt for the neighborhood, Overimprovement, photo of residential pool, photos from flip project, pool is too big, superadequacy, Whitney Johnson

Flip This House in Sacramento: Before & After

March 14, 2012 By Ryan Lundquist 2 Comments

As promised, here is Part II of a video I shot a few months back in December of a Sacramento fixer house awaiting a flip. This one definitely needed some loving and over the past few months it’s been completely rehabbed. If you remember, this house actually had $48,000 in code enforcement fines too. Thankfully a remodel like this helps improve the image of the neighborhood and it drives out squatters too. I met up yesterday with a friend at Housing Group Fund to walk through the house to see the after version. Enjoy some before and after pics throughout the video. If you subscribe by email, click here to see the video. What do you think?

If you have any questions or Sacramento area real estate appraisal or property tax appeal needs, contact me by phone 916-595-3735, email, Facebook, Twitter or subscribe to posts by email.

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Filed Under: Videos Tagged With: Before & After Remodel, Before & After video, fixer to remodel, Flip This House, House flippers, Housing Group Fund, real estate investment in Sacramento, Sacramento Investor, Sacramento Redevelopment, transformation in real estate

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