HomeVestors, a nationwide home-flipping franchisor that’s also known as the “We Buy Ugly Houses” company, has announced the 2018 winner of its annual The Ugliest House of the Year award.
The honor went to a property purchased last fall by HomeVestors’ franchisee Nyath Properties, as a run-down 1,700-square-foot Tudor-style home in Queens, New York.
HomeVestors reported that the home won the most votes from the American public out of thousands of home makeovers completed by HomeVestors franchisees.
The Queens home had a giant hole in the bedroom ceiling, “destroyed bathrooms, and less-than-habitable conditions throughout,” HomeVestors said.
Performing a resurrection of sorts, the HomeVestors franchisee gutted the house while salvaging the wood floors and exposed beams. It then replaced “everything else,” including sheetrock, windows, electrical wiring and panels, bathrooms, basement floors and the kitchen.
“We purchased this house from a seller who had been struggling with a sick family member that had lived in it for years, and who was grateful to find a way ‘out’ of dealing with the property,” said Steve Papadakis, who runs Nyath Properties with Michael Gatzonis, in a statement.
“The seller didn’t have the time or resources to improve it to a condition that traditional sellers would consider. But, we were able to give her cash to get her out of her ugly situation, and were beyond thrilled with the chance to work our makeover magic.”
More than 1,000 HomeVestors affiliates operate in 168 markets across the country, typically hawking all-cash offers with the come-on “We Buy Ugly Houses,” and vacuuming up thousands of properties every year.