The Roanoker - September/October 2020 - 73

FACING PAGE, CLOCKWISE:
The Paynes' successful business
model of renovating older homes
quickly became a passion.

1841 Warrington Rd.
Bought in 2017 for $156,950
Sold in 2017 for $330,000

TheRoanoker.com

2320 Lincoln Ave.
Bought in 2017 for $110,000
Sold in 2018 for $343,800

ABOVE:
Phillip focuses on the
bones of the house while
Kimberly shows off her
expert design style.

THE PAYNES' ADVENTURE IN
remodeling Raleigh Court began with a
drive home from the office.
It was fall 2016 and Phillip had
spent the last eight years managing the
renovation of two prime downtown
properties - the Woolworth building
on Campbell Avenue and 135 West
Salem Place.
Kimberly was juggling real estate
sales and raising a preschooler. What
if, she'd asked Phillip, he shifted to
smaller construction projects? They
could buy, remodel and sell homes in
their own neighborhood. It would make
their world a little smaller, maybe even
a little simpler.
That's when Phillip passed an estate
sale a few blocks from home. He
stopped in. Saw the card of a realtor
he knew. Phillip called and asked: How
much was the home selling for? What
was the sellers' time frame?
Two days later, the property on
Wakefield Road belonged to the Paynes.
"It was perfect for us," Phillip recalls.
"It really created our business model."
Which quickly became: Find an
older home in Greater Raleigh Court.
Ideally, it would have had only one or
two owners (minimizing the number
of modernizations it had undergone).
It would feature unique characteristics
that the Paynes could preserve and
elevate. But it would require significant
updating - revamping the electricity,
putting in a new sewer line, adding a
bathroom or moving a laundry room
out of the basement. Almost always,
rooms would be opened up and kitchens

1716 Greenwood Rd.
Bought in 2018 for $185,000
Sold in 2019 for $389,000

1246 Wasena Ave.
Bought in 2019 for $120,000
Sold in 2019 for $273,338

SEPTEMBER/OCTOBER 2020

73


http://www.TheRoanoker.com

The Roanoker - September/October 2020

Table of Contents for the Digital Edition of The Roanoker - September/October 2020

The Roanoker - September/October 2020 - Cover1
The Roanoker - September/October 2020 - Cover2
The Roanoker - September/October 2020 - 3
The Roanoker - September/October 2020 - 4
The Roanoker - September/October 2020 - 5
The Roanoker - September/October 2020 - 6
The Roanoker - September/October 2020 - 7
The Roanoker - September/October 2020 - 8
The Roanoker - September/October 2020 - 9
The Roanoker - September/October 2020 - 10
The Roanoker - September/October 2020 - 11
The Roanoker - September/October 2020 - 12
The Roanoker - September/October 2020 - 13
The Roanoker - September/October 2020 - 14
The Roanoker - September/October 2020 - 15
The Roanoker - September/October 2020 - 16
The Roanoker - September/October 2020 - 17
The Roanoker - September/October 2020 - 18
The Roanoker - September/October 2020 - 19
The Roanoker - September/October 2020 - 20
The Roanoker - September/October 2020 - 21
The Roanoker - September/October 2020 - 22
The Roanoker - September/October 2020 - 23
The Roanoker - September/October 2020 - 24
The Roanoker - September/October 2020 - 25
The Roanoker - September/October 2020 - 26
The Roanoker - September/October 2020 - 27
The Roanoker - September/October 2020 - 28
The Roanoker - September/October 2020 - 29
The Roanoker - September/October 2020 - 30
The Roanoker - September/October 2020 - 31
The Roanoker - September/October 2020 - 32
The Roanoker - September/October 2020 - 33
The Roanoker - September/October 2020 - 34
The Roanoker - September/October 2020 - 35
The Roanoker - September/October 2020 - 36
The Roanoker - September/October 2020 - 37
The Roanoker - September/October 2020 - 38
The Roanoker - September/October 2020 - 39
The Roanoker - September/October 2020 - 40
The Roanoker - September/October 2020 - 41
The Roanoker - September/October 2020 - 42
The Roanoker - September/October 2020 - 43
The Roanoker - September/October 2020 - 44
The Roanoker - September/October 2020 - 45
The Roanoker - September/October 2020 - 46
The Roanoker - September/October 2020 - 47
The Roanoker - September/October 2020 - 48
The Roanoker - September/October 2020 - 49
The Roanoker - September/October 2020 - 50
The Roanoker - September/October 2020 - 51
The Roanoker - September/October 2020 - 52
The Roanoker - September/October 2020 - 53
The Roanoker - September/October 2020 - 54
The Roanoker - September/October 2020 - 55
The Roanoker - September/October 2020 - 56
The Roanoker - September/October 2020 - 57
The Roanoker - September/October 2020 - 58
The Roanoker - September/October 2020 - 59
The Roanoker - September/October 2020 - 60
The Roanoker - September/October 2020 - 61
The Roanoker - September/October 2020 - 62
The Roanoker - September/October 2020 - 63
The Roanoker - September/October 2020 - 64
The Roanoker - September/October 2020 - 65
The Roanoker - September/October 2020 - 66
The Roanoker - September/October 2020 - 67
The Roanoker - September/October 2020 - 68
The Roanoker - September/October 2020 - 69
The Roanoker - September/October 2020 - 70
The Roanoker - September/October 2020 - 71
The Roanoker - September/October 2020 - 72
The Roanoker - September/October 2020 - 73
The Roanoker - September/October 2020 - 74
The Roanoker - September/October 2020 - 75
The Roanoker - September/October 2020 - 76
The Roanoker - September/October 2020 - 77
The Roanoker - September/October 2020 - 78
The Roanoker - September/October 2020 - 79
The Roanoker - September/October 2020 - 80
The Roanoker - September/October 2020 - 81
The Roanoker - September/October 2020 - 82
The Roanoker - September/October 2020 - 83
The Roanoker - September/October 2020 - 84
The Roanoker - September/October 2020 - 85
The Roanoker - September/October 2020 - 86
The Roanoker - September/October 2020 - 87
The Roanoker - September/October 2020 - 88
The Roanoker - September/October 2020 - 89
The Roanoker - September/October 2020 - 90
The Roanoker - September/October 2020 - 91
The Roanoker - September/October 2020 - 92
The Roanoker - September/October 2020 - 93
The Roanoker - September/October 2020 - 94
The Roanoker - September/October 2020 - 95
The Roanoker - September/October 2020 - 96
The Roanoker - September/October 2020 - 97
The Roanoker - September/October 2020 - 98
The Roanoker - September/October 2020 - 99
The Roanoker - September/October 2020 - 100
The Roanoker - September/October 2020 - 101
The Roanoker - September/October 2020 - 102
The Roanoker - September/October 2020 - 103
The Roanoker - September/October 2020 - 104
The Roanoker - September/October 2020 - 105
The Roanoker - September/October 2020 - 106
The Roanoker - September/October 2020 - 107
The Roanoker - September/October 2020 - 108
The Roanoker - September/October 2020 - 109
The Roanoker - September/October 2020 - 110
The Roanoker - September/October 2020 - 111
The Roanoker - September/October 2020 - 112
The Roanoker - September/October 2020 - 113
The Roanoker - September/October 2020 - 114
The Roanoker - September/October 2020 - 115
The Roanoker - September/October 2020 - 116
The Roanoker - September/October 2020 - 117
The Roanoker - September/October 2020 - 118
The Roanoker - September/October 2020 - 119
The Roanoker - September/October 2020 - 120
The Roanoker - September/October 2020 - 121
The Roanoker - September/October 2020 - 122
The Roanoker - September/October 2020 - Cover3
The Roanoker - September/October 2020 - Cover4
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20200910
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20200304
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20200102
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20191112
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20190910
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20190708
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20190506
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20190304
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20190102
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20181112
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20180910
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20180708
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20180506
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20180304
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20180102
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20171112
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20170910
https://www.nxtbook.com/nxtbooks/leisure/TheRoanoker_JulyAugust2017
https://www.nxtbook.com/nxtbooks/leisure/TheRoanoker_MayJune2017
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20170304
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20170102
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20161112
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20160910
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20160708
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20160506
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20160304
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20160102
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20151112
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20150910
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20150708
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20150506
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20150304
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20150102
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20141112
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20140910
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20140708
https://www.nxtbook.com/nxtbooks/leisure/roanoker_20140506
https://www.nxtbook.com/nxtbooks/leisure/roanoker_201403
https://www.nxtbook.com/nxtbooks/leisure/roanoker_201402
https://www.nxtbookmedia.com