$90,000 in Extra Profit for the Owner
We met with the homeowner to understand her goal and gave her an original list price of $399,000 for the home with no updates. This price was based on recently sold comparable properties within the neighborhood in similar conditions and adjusting for the condition of other homes in the neighborhood to arrive at a market price.
After our initial meeting with the homeowner, we performed a thorough market analysis and let her know that the market price for the home after updates would be about $475,000 and in the competitive market, we might sell it for even more than that. We then presented her with the updates it would take to get to that list price and a budget of $33,000 to complete the updates. We listed the home for $485,000 and sold the house with multiple offers for $522,000.
The Premier Design and Remodel Plan
This is a great neighborhood in the East Cobb area. We work in this area quite a bit and we were very familiar with the floorplans, comparables and recent pricing. Since the goal of this project was to update and sell the home for the highest profit for the seller, we recommended the design and remodel updates that would have the greatest return on investment up to but not beyond the point of diminishing returns. The sellers trusted our recommendations and approved the entire budget of $33,000. The updates included:
- Exterior siding repairs
- New, modern paint design on exterior siding, trim, door and windows
- Repair and stain deck and new concrete paint around pool
- Painted kitchen cabinets
- Painted kitchen island
- Replaced ceiling fans and light fixtures
- Complete interior paint
- Reglazed showers
- Replaced granite, faucets and hardware in master bathroom
- Replaced carpet
- Replaced vanity and faucet in powder room
- Added board and batten accent wall in dining room
3793 Vinyard Way - Video
What This Client Said
What can I say? Selling your home is never an easy task but when my sister and brother-in-law referred me to Lisa and Ryan ward they literally Introduced me to two of the most professional and knowledgeable realtors. Lisa’s knowledge of design literally transformed my home from a very nice home to an absolute stunner once the renovation was done. Their contractor Anthony and the crew were an absolute joy to work with. They were on time, immaculate and always left leaving my home cleaner than when they arrived. Within 30 days my home was given a total facelift and with Ryan and Lisa's knowledge of the market and trends I had over 75 showings and had multiple offers way above the asking price within a day of it being listed. Truly the most amazing experience I have ever had selling a home. I look forward to working with them soon as I am currently looking for my new home!