It’s not unusual to move to a new town and buy a new house. But the Pages didn’t just buy a house — they bought their first flip, in a city that they’re making their new home base.
As far as flips go, Jennifer and Tim Page actually picked a home that wasn’t entirely scary when they signed on the dotted line for 1111 South Waverly Dr., a good investment with easy access to Bishop Arts, downtown Dallas, and more.
“This is actually our first flip,” Jennifer said. “We moved here from Chicago just looking for a change of scenery without knowing this is what we would get into, but my husband Tim has always wanted to own his own business and be his own boss, so I told him to go for it!”
The couple had saved money from selling their home in Illinois, and with the market in Dallas doing so well, they thought it was time to jump in with both feet, finding a property in the ever-changing Oak Cliff, tucked between the Wynnewood, Elmwood, and Winnetka Heights neighborhoods.
“The house when we bought it was actually not in the worst condition,” Jennifer said. “It had been just recently flipped but not well at all.”
“You could tell that the previous owners were also trying to flip and may have run out of money and finished the house quickly and without regard for making it aesthetically appealing.”
And since it didn’t require a complete gut job, the couple felt “this would be the perfect starter.”
So that gave them time to take a good look at the house, what was selling, and what changes they could make to make it more functional and prettier. (more…)