A family down on their luck had to ditch their 2,000 sq ft home and move into a Home Depot shed. They converted the shed into a small 800 sqft home–then resold it for a huge profit once they recovered.
Tough financial times forces family to give up their home
For American families, it has been one strike after another… First, the pandemic and then soaring gas and food prices brought on by inflation.
For a Georgia couple, as their finances began to gear into trouble, the only option became giving up their 2000-square-foot home in Cumming, Georgia, about 40 miles northeast of Atlanta.
Nick Lucido and his wife, Meghan, told the New York Post, “We never missed a mortgage payment.”
Nick went on to say that both were young professionals, with two brand-new cars. He adds, “We were just over our head in debt.”
That’s when the idea of converting a Home Depot shed into a tiny home struck the couple.
YouTube is filled with videos of people who have creatively converted sheds, including larger, two-story models, as well as so-called “barndominiums” into amazing homes. With many of these, if you weren’t told beforehand, you would never realize this was a home that had been converted from a shed.
Family moves into a Home Depot shed
The couple purchased some land spanning 8.46 acres for $40,000. Next, they went to Home Depot and looked at sheds.
“We saw a two-story shed in the Home Depot parking lot,” Nick recalled, “and said, ‘I think we could make that work.'”
They purchased an 860 square-foot, two-story shed and began the process of building a block foundation on their land, assembling the shed, installing electrical and plumbing, then the work of transforming the interior.
While the home was being built they lived in a camper trailer on the property.
Features of the two-story “shed” home
Nick described the shed: “two stories, 860 square feet, one-bedroom, full kitchen, full living room, the porch.”
As for the property, Nick adds: ” we got a chicken coop back there … a deck with our above-ground pool and a trampoline for the little one, of course.”
Photos show the house covered with exterior siding painted gray, with white wood trim. The interior features light gray walls with beautiful wood floors throughout. The kitchen has a large country-style sink, with plenty of counter space and a wraparound dining bar that seats three, as well as modern stainless steel appliances such as a three-door refrigerator, stove, and overhead microwave. There’s also a pantry and abundant cabinets and drawers. The laundry room conserves space with a stackable washer and dryer. There is a single, spacious, bedroom that has room for the baby’s crib, as well as its own bathroom with a shower and a full walk-in closet.
Family flips converted Home Depot shed home for huge profit
While the couple lived in their new shed home, they managed to become debt-free. They paid off the entire $82,000 they spent on the land and building the home within nine months.
They eventually flipped the home and the land for a price tag of $312,000, real estate records showed.
They used the profit to purchase another piece of land and had a home they have dubbed “the farmhouse” built from the ground up. The money they made from their “shed home” flip also allowed them to be debt-free in their new home.
