Budget Breakdown: Their $98K Los Angeles Basement Reno Came In at More Than Double What They Planned

A creative couple’s Silver Lake project was a hard lesson in construction costs and a fun experiment in sourcing secondhand finds.

Felipe Lima and Ash Fenton were quickly growing disillusioned with the Los Angeles real estate market. In search of a two-bedroom, one-bathroom home on the city’s Eastside, they found that move-in-ready listings were being snapped up, often for double the asking price.

A year after purchasing a 1950s duplex in LA's Silver Lake neighborhood,  Ash Fenton and Felipe Lima spent $98,340 revamping the dark and cramped downstairs unit.

Ash Fenton and Felipe Lima purchased a duplex in Los Angeles’s Silver Lake neighborhood and spent $98,340 revamping its downstairs unit.

Photo by Roman Koval

So instead they started looking at fixer-uppers, and, in 2022, purchased a 1950s hillside duplex in Silver Lake with a trove of original, if not exactly in-vogue, features: linoleum floors, a 75-year-old gas stove, and tiles in color combos like pink and maroon and blue and cream. One of the units, a basement apartment with its own entrance, had the potential to evolve into a warm, inviting space for guests or renters—if Felipe and Ash could do something about its dark, cramped interiors.

The HAY dining chairs were purchased on Craigslist from a restaurant that was going out of business.

Hay dining chairs were purchased on Craigslist from a restaurant that was going out of business.

Photo by Roman Koval

The kitchen cabinetry is from Ikea. It features orange handles found via Etsy.

The kitchen cabinetry is Ikea and the orange handles are from an Etsy seller.

Photo by Roman Koval

See the full story on Dwell.com: Budget Breakdown: Their $98K Los Angeles Basement Reno Came In at More Than Double What They Planned
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