Redux Realtors: Speedy sale thanks to key improvements, despite tricky location
As a follow up to our last blog post about our latest “Redux” project, we wanted to share the outcome and results.
Once vacant, we assisted our seller in completing approximately $15,000 of renovations and repairs to the home to improve how it would show.
When the owner’s son handed us the keys, the home had dark green, dated carpeting, lots of custom drapes and popcorn ceilings.
The carpet was entirely removed from the home, along with the dated drapes (of great style and quality in their time, but not what buyers today are looking for today).
With the removal of the drapes the solid wood French doors were highlighted in their own right. With the initial investment on the owner’s part to bring the home up to a presentable standard, we listed the home at $699,800.
As mentioned in our previous post the home is located on a busy major thoroughfare and we didn’t want to overdo the improvements as we were not entirely sure how the market would react to the home when we launched the listing.
The home benefited from an appealing floorplan and being located within a highly ranked high school district, but the street location was the challenge.
Nevertheless, the home sold within 30 days at $675,000 entirely as is.
Of note, the family room addition, added in the 1970’s, had a foundation slab crack so the owner knew he would have to compensate for this needed repair in his pricing. The buyer of the home is in the process of completely overhauling it and making many needed upgrades and changes to the layout.