Realtor Redux: New carpets and interior paint create amazing transformation back at the California ranch house
One of the advantages of choosing Redux Realtors when it’s time to sell your Orange County house or condo is that we maintain our own growing collection of on-trend furniture and accessories that we’re able to use to stage your home at no extra cost – it’s included in our listing fee.
We encourage homeowners to take advantage of our literal warehouse of resources because studies show homes sell faster and often times for more money when they are professionally staged and marketed. We expect our latest Realtor Redux will be no exception.
We’ve returned to our California ranch home in Fullerton, which underwent a Realtor Redux before we brought the house to market earlier this week. The homeowner is a long-time resident who plans to move out of state to be closer to family, and we wanted to help make that move as easy as possible.
The house itself is in fabulous shape, and it’s also in a great location in North Orange County with distinguished schools and plenty of quality restaurants nearby. It has hardwood floors in its galley kitchen, which includes a breakfast nook, and it has a spacious covered patio and lots of yard. The house sits on a lot that’s more than 8,000 square feet.
With four bedrooms, one bathroom and two three-quarter bathrooms, this house could be the ideal home for a young family. We felt the house had a few aesthetic issues, though, that might cause pause with today’s homebuyers.
For example, when we first toured the house we noticed the dated wall paper in the bedrooms and bold red and blue paints on the walls. The carpets appeared fairly worn, and the oversized drapes were making the home feel smaller that its 2,056 square feet.
While there is absolutely nothing wrong with choosing a color palette for your home that reflects your unique tastes and style, when it comes time to put your house on the market, it really needs to appeal to a broad audience.
Therefore, we painted the interior walls in a neutral beige and installed a contrasting neutral carpet throughout the bedrooms and living room. We also brightened the space by removing the drapes and valances. Initially we hoped to paint the kitchen cabinets but due to budget constraints opted to give the space a deep cleaning instead.
Initially we estimated this Realtor Redux to run between $9,000 and $11,000 out of the seller’s pocket. In the end, the cost came in at $10,300. Before our work here, the house could have been listed at around $600,000. We estimated a few weeks ago that our key improvements would allow us to place this Fullerton home for sale at $639,000. However, based on the final results and comparable properties in the area, we decided put it on the market for $649,800.
If the home sells at our list price, then that means a gross profit of $39,500 to the seller from an investment of $10,300. Not a bad return on the investment if you ask us!
Even more important than the potential financial gain we’ve reported is the feedback we received from our client upon seeing our final product. We are very pleased to say the homeowner and family were ecstatic to see their long-time home so nicely and professionally presented. We look forward to providing another update when the home sells.
- Realtor Redux: Cosmetic improvements will help long-time homeowner appeal to younger generation of buyers