A Detroit man bought an abandoned house in the city for $2,100 and spent 9 months renovating it for his mom. Here's how he did it - and what it looks like now.
- The Detroit Land Bank Authority is auctioning off thousands of publicly owned properties through its public platform, Auction - and the bidding starts at $1,000.
- In June 2017, Vincent Orr, a native Detroiter, won an abandoned home through the bidding process for just $2,100.
- In an interview with Business Insider, Orr explained how he transformed the home into a livable space for $40,000.
- Visit Business Insider's homepage for more stories.
You can become a homeowner in Detroit, Michigan, for as little as $1,000 - but it'll take a lot of work.The Detroit Land Bank Authority (DLBA), founded in 2008, set out on a mission to return run-down and vacant properties in the city of Detroit to productive use. To do so, it is now auctioning off thousands of publicly owned properties through its public platform, Auction - and the bidding starts at $1,000.Advertisement
Read more: Run-down and vacant homes in Detroit are being auctioned off for as little as $1,000. All homeowners have to do is get them into livable condition in 6 months.
We caught up with Vincent Orr, a native Detroiter, who purchased a home for his mother through the DLBA's Auction platform in June of 2017.
Orr won the Detroit home for $2,100 - but that was just the beginningWhile Orr had the highest bid, claiming full ownership of the home required some work. The DLBA has a compliance program that requires winning bidders to renovate the auctioned homes. After the home is renovated, a compliance officer deems whether or not the home is livable. If it is, complete ownership is transferred to the winning bidder.
It took Orr nine months to renovate his property. In a tell-all interview with Business Insider, he explained how he transformed the space with just $40,000.Keep reading for a side-by-side look at the transformation.Have you bought a home through the DLBA or a similar program in another city? If you want to share your story, email this reporter at email@example.com. Advertisement
Detroit is a major city in the state of Michigan that was once home to the booming auto industry.
In June 2017, Vincent Orr purchased this Detroit home for his mother through the Detroit Land Bank Authority's (DLBA) daily auction. It cost him $2,100.Advertisement
"When I first purchased the house, it was in complete shambles," he said.
It wasn't just the exterior of the home Orr had to worry about: The interior needed work, too. The upgrading process included, among many other steps, replacing pipes and walls.Advertisement
When the home was purchased, the cabinets in the kitchen were worn down, dirty, and had missing parts.
Orr told Business Insider that he was able to do most of the work himself.Advertisement
All in all, Orr told Business Insider that he spent $40,000 over the course of the nine-month renovation process.
He installed all the windows, all the doors, and the furnace.Advertisement
He also handled the plumbing work and the electrical wiring.
Orr only hired workers when it came time to install the ductwork for a forced-air central heating system and to repair the roof.Advertisement
He even renovated the kitchen himself.
Now, the renovated space sports white cabinets, marble countertops, and new appliances.Advertisement
When it came to checking in with the DLBA, Orr explained to Business Insider that the process went smoothly. To keep the DLBA up to date, Orr sent them images of the home throughout the renovation process.
As soon as the home was completed, Orr's mother was able to move in. Now, he says, they're focused on decorating.Advertisement
In March of 2019, Orr purchased the home next door through the DLBA's Own It Now platform. He won the home for $1,200 through a blind bid. Orr is currently in the process of renovating it.
Homes on the DLBA's Auction platform come with everything from property-condition reports to free tours prior to auction dates. There are no hidden fees, no credit checks, and all the title work is done before the home is listed. The DLBA even protects homeowners from inheriting back taxes or outstanding bills on the property.Advertisement
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