WhatsNew2Day
Latest News And Breaking Headlines

Couple renovate $7,000 home and it’s now worth twelve times the price

A couple who bought a dilapidated property increased its value 12 times more than what they paid for it after spending four years renovating the house.

Candi and Jake Whitlow of Missouri bought the spacious historic property, called the Hoefer House, for $7,000 in 2018, and have been lovingly restoring it ever since.

Candi, a 32-year-old homemaker, and Jake, a 34-year-old service manager at a local car dealership, have done everything from installing a new porch to decorating and painting.

They now estimate the property to be worth $90,000 and expect the value to rise even more as more renovations are completed.

A couple who bought a dilapidated property increased its value 12 times more than what they paid for it after spending four years renovating the house.

A couple who bought a dilapidated property increased its value 12 times more than what they paid for it after spending four years renovating the house.

Candi and Jake Whitlow of Missouri bought the spacious historic property, called the Hoefer House, for $7,000 in 2018 and have been lovingly restoring it ever since.

Candi and Jake Whitlow of Missouri bought the spacious historic property, called the Hoefer House, for $7,000 in 2018 and have been lovingly restoring it ever since.

Candi, a 32-year-old homemaker, and Jake, a 34-year-old service manager at a local car dealership, have done everything from decorating to painting.

Candi, a 32-year-old homemaker, and Jake, a 34-year-old service manager at a local car dealership, have done everything from decorating to painting.

The couple began looking for a bigger house after the birth of their son, Henry, who is now six years old.

They had not seen anything in the real estate market that caught their attention, until they saw this property in 2017, almost totally hidden by vegetation and apparently abandoned.

Delighted, Candi and Jake tracked down the property owners and asked to buy the house, closing the sale in April 2018.

“The house was in really bad shape, but it had a lot of charm,” Candi told Jam Press.

“The front porch is really what sold us – we’ve both always wanted a big old house with a nice front porch to hang out on.”

1652451742 620 Couple renovate 7000 home and its now worth twelve times

“The house was in really bad shape, but it had a lot of charm,” Candi told Jam Press.

They learned that the property, built in 1904, was more than 100 years old and had been destroyed by fire in 1914.

They learned that the property, built in 1904, was more than 100 years old and had been destroyed by fire in 1914.

The house had changed hands only once before the Whitlows bought it, and had been in the Hoefer family's possession for 95 years, hence its name.

The house had changed hands only once before the Whitlows bought it, and had been in the Hoefer family’s possession for 95 years, hence its name.

The hardest job, Candi says, was draining the standing water they found in the basement.

The hardest job, Candi says, was draining the standing water they found in the basement.

Candi said: 'We have always worked together in the house.  We've enjoyed every minute of it, but it hasn't been without its challenges.'

Candi said: ‘We have always worked together in the house. We’ve enjoyed every minute of it, but it hasn’t been without its challenges.’

They learned that the property, built in 1904, was more than 100 years old and had been devastated by fire in 1914.

It had been built as a family home and had been used as such for most of its life.

The house had changed hands only once before the Whitlows bought it and had been in the Hoefer family’s possession for 95 years, hence its name.

However, by 2018, the house was empty and in disrepair.

Candi and Jake got to work on the renovations the day after the sale closed.

The property was falling apart and needed major work, including new plumbing, electrical, heating, and insulation.

The hardest job, Candi says, was draining the standing water they found in the basement, a task the couple tackled together for two weeks.

The turning point came when the couple sold the house they had been living in when they purchased the property, giving them just 60 days to bring Hoefer House to habitable condition.

The turning point came when the couple sold the house they had been living in when they purchased the property, giving them just 60 days to bring Hoefer House to habitable condition.

1652451749 969 Couple renovate 7000 home and its now worth twelve times

1652451751 279 Couple renovate 7000 home and its now worth twelve times

“It was a whirlwind of family and friends helping us get together enough that we could move…we ended up installing a wood stove for our heat source last winter,” Candi said.

They continued to work on the renovation of the house for years, and they still have a long way to go.

They continued to work on the renovation of the house for years, and they still have a long way to go.

1652451757 918 Couple renovate 7000 home and its now worth twelve times

“It’s even more special because my great-grandmother’s house was a block away and two of my uncles used to play here when they were kids,” Candi said.

Candi said: ‘We have always worked together in the house. We’ve enjoyed every minute of it, but it hasn’t been without its challenges.’

The turning point came when the couple sold the house they had been living in when they purchased the property, giving them just 60 days to get Hoefer House habitable.

“It was a whirlwind of family and friends helping us get together enough that we could move…we ended up putting in a wood stove for heat last winter,” Candi said.

‘Since we only lived on the first floor, it worked out quite well.’

Surprisingly, Candi also discovered that she had a personal connection to the house.

They loved that the house had a front porch, but they set about fixing it up.

They loved that the house had a front porch, but they set about fixing it up.

It has been amazing.  We have met so many caring people in the old house community who are in the trenches of restoration like us.

It has been amazing. We’ve met so many caring people in the vintage home community who are in the restoration trenches like us,” Candi said.

The porch is shown before any of its renovations began.

The porch is shown before any of its renovations began.

They added new wood to the porch and painted the exterior of the house.

They added new wood to the porch and painted the exterior of the house.

“It’s even more special because my great-grandmother’s house was a block away and two of my uncles used to play here when they were kids,” he said.

In April, four years after purchasing the Hoefer House, Candi and Jake posted on Instagram a video of the charming wooden porch they had built, complete with a swing, flowers, a table and chairs, and new columns.

The couple have shared their journey on their account, posting before and after photos and charting their four years of childbirth.

It has been amazing. We have met so many caring people in the old house community who are in the restoration trenches like us,” said Candi.

“Some people have also told us we’re crazy, but they’re still on the journey.”

1652451769 228 Couple renovate 7000 home and its now worth twelve times

In April, four years after buying the Hoefer House, Candi and Jake posted a video on Instagram of the charming wooden porch they had built.

In April, four years after buying the Hoefer House, Candi and Jake posted a video on Instagram of the charming wooden porch they had built.

Candi and Jake estimate that, in its current state, their property could be valued at around $90,000 now.

Candi and Jake estimate that, in its current state, their property could be valued at around $90,000 now.

Candi and Jake estimate that, in its current state, their property could be valued at around $90,000 now.

They have converted it into a house with furniture, although they now live mainly on one floor.

They have converted it into a house with furniture, although they now live mainly on one floor.

Your new porch has been set up with furniture including a table and chairs.

Your new porch has been set up with furniture including a table and chairs.

1652451783 953 Couple renovate 7000 home and its now worth twelve times

“This has really been a passion project for both of us,” said Candi.

1652451785 448 Couple renovate 7000 home and its now worth twelve times

“We couldn’t imagine our life any other way,” he added.

However, there is still work to be done, including installing a new kitchen, getting the second floor up and running, and decorating some of the interior.

Candi and Jake estimate that, in its current state, their property could be valued at around $90,000 now, more than 12 times the amount they paid for it.

Despite the challenges of a renovation project like theirs, Candi and Jake have no regrets.

“This has really been a passion project for both of us,” he said. “Living like us is not for the faint of heart, but it is such a rewarding experience to know that you are saving a piece of history.

We could not imagine our life in any other way.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More