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

A couple who bought a rundown property have increased its value by 12 times what they paid for it after spending four years renovating the home.

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

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

Now they estimate that the property is worth $90,000 — and they expect the value to go up further when they complete more renovations.

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