Gary Hughes, a retired real estate agent, and his wife spent four years renovating a fishing cabin in Woody Creek, CO, which they purchased for $2 million in 2020. Their vision was to leverage its prime location next to a river and their extensive experience of renovating 28 properties. Initially concerned about the impact of the COVID-19 pandemic on the housing market, they soon found their investment flourishing as buyer demand surged in Colorado, increasing the property's value dramatically to $11 million after renovations.
"We're always looking for properties. This is our 29th house. We find something that's special and improve it," Hughes says of their former projects.
"We had no idea COVID-19 was happening when we bought this tiny fisherman cabin... it was owned by a family that used to share it."
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