Can a “Fixer Upper” renovation from Chip and Joanna Gaines nearly triple the value of a home? We’re about to find out, as the “Asian Ranch”-turned-French country farmhouse from Season 2 just landed on the market for $739,900.
In Episode 13 of the show’s second season, Chip found the Reed family a 4,235-square-foot ranch in Waco, TX, for $262,200. Since the family’s all-in budget was about $450,000, that left Chip and Jo with a “generous” renovation budget of around $190,000. Cue the sledgehammer!
With plentiful funds at the ready for the renovation, the “Fixer Upper” team was able to “totally transform” the home, originally built in 1963.
The first thing they did was open up the main living space, so now the formal living area, dining space, family room, and kitchen are open to one another. Windows on three sides allow natural light to pour in.
The breakfast nook off the kitchen was also opened up to the rest of the house, letting in even more light.
The “Fixer Upper” team also ripped out all of the old carpeting and installed wide-plank wood floors in the main rooms. Ugly, old ceiling lamps were replaced with brand-new, recessed lighting and chic chandeliers.
The original red-brick fireplace was painted white and got a new mantel.
And the Gaineses’ signature sliding barn doors were added to separate the main living space from the kitchen area, for when a little privacy is needed.
The kitchen was spacious to begin with, so Joanna updated it by softening up the color palette, using white and muted gray. She also added a large center island and custom cabinetry with white stone countertops. A pretty tile backsplash and a farmhouse sink were also added, as were high-end, stainless-steel appliances, including a gas range, double ovens, and built-in microwave.
Watch: This Gorgeous New Farmhouse by Chip and Jo Gaines Is No ‘Fixer Upper’
Another highlight is the gorgeous antique door Joanna dug up and refinished—it now opens to the butler’s pantry. According to Joanna, the kitchen upgrade was the most ambitious part of the entire project, and cost upward of $40,000.
The master bedroom also had quite the transformation. Chip went to great lengths enlarging and repositioning the windows “for better symmetry.”
The crew also gutted the master bath and gave it a whole new footprint. Joanna added a stand-up shower, pedestal tub, enclosed toilet room, and adjacent walk-in closet.
Of course the remaining three bedrooms, all en suite, and the powder room were freshened up as well.
The game room, mudroom, utility room, and computer nook were also updated.
To add a finishing touch, the front and back landscaping was completely reworked, with care taken to preserve and emphasize the existing oak trees. A new, inviting porch was added to the front of the house.
So will a fabulous remodel by TV’s beloved reno couple bring the current owners their desired asking price of $739,900, or about $175 per square foot? The median list price of a home in the area is around $254,900, which shakes out to $105 per square foot. But this home is blessed with the Magnolia Midas touch. We’ll stay tuned to see if it pays off—the home is already pending sale!