Articles tagged with: Realtor-Redux

Redux Realtors: Speedy sale thanks to key improvements, despite tricky location

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 throughfare street 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.

Redux Realtors: Don't spend money needlessly; sometimes less is more

Redux Realtors: Don't spend money needlessly; sometimes less is more

At Bobbett & Associates, we look for ways to enhance our clients' homes before putting them on the market. We make very strategic improvements that will bring the best results (aka, best price) for the least amount of investment on the part of our clients.

Our motto is: We make a home 'move-in' ready for new buyers. Over time, the new owners can make the big improvements, such as remodeling the kitchen and bathrooms.

Our latest home project belongs to a 93-year-old woman moving to assisted living after living in the home for more than 55 years. Her son is assisting with the sale and contacted us to help them make a few upgrades and updates before putting the property on the market.

After estate sale was completed and all personal items were removed from the property we began a three-week renovation of the property that included: interior paint; removal of popcorn ceilings; new flooring throughout, including carpet in the master bedroom and family room additions, and the refinishing of the original wood floors in the remainder of the home.

We could have made many improvement suggestions, but this property is located on a busy street. We considered this factor when advising on home improvements because we didn’t want the owner’s son to spend his money needlessly. Sometimes less is more, as the saying goes.

Various handyman repairs were also made, including changing out the yellowed and cracked kitchen ceiling light covers, among other things. All told the seller invested less than $15,000. We are now listing the home this week at $699,800.

Stay tuned for updated photos and as well as an update on the sale!

Redux Realtors: Don't underestimate the power of presentation of a home

Redux Realtors: Don't underestimate the power of presentation of a home

For our latest project, we were asked to look at the home of a past clients' parents in La Mirada. The parents are elderly and no longer able to live alone.

While the home had been loved, it had not been updated in many, many years. The parents were not too keen on the idea of spending money on a home makeover given that there was no firm guarantee as to what the home would actually sell for.

We got the bids and showed the homeowners that by spending a relatively small amount of money on improvements they would net a much higher amount in a sales price.

The daughter, who was handling the parents' move from the home and responsible of clearing out all their personal items, was a little overwhelmed. We assured her that if she and her parents gave us the green light to do the work, she could walk away and come back in time for the first open house.

She took a little convincing that it could be that easy.

So upon receiving approval to start the Redux, we got busy. The painters started interior and exterior painting. Then the old, tired carpet was removed and where there were hardwood floors, our hardwood floor finisher brought the floors back to their original glory!

Then the gardener started a big clean up in the yard - front and back. Next came the new carpet installation on the slab floors in the living and dining rooms, and on the stairs. Window cleaners and general house cleaners completed their work, and we were ready for staging.

Martina had already created her design concept for the home, so in approximately three days the home was ready to be professionally photographed and go on the market.

We pushed the price $10,000 higher than we had taken the listing at upon seeing the transformation of the home. And the offers started coming in. We opened escrow seven days after listing the home at a sales price $10,000 higher than our asking price.

Please don't ever underestimate the power of proper presentation of a home. The money spent on a makeover is definitely going to bring a higher sales price.

House hunters like homes that are move-in ready, and that's what James and Martina of Bobbett & Associates strive to provide on every one of their listings.

A golden outcome: Key home improvements in short time span yield multiple offers, happy seller

A golden outcome: Key home improvements in short time span yield multiple offers, happy seller

With only a 12-day window in which to complete our latest project, we had our work cut out for us. We had a pretty significant list of items that needed a little TLC.

We refinished the hardwood floors, which date back to the home’s construction in 1956. We also installed new tile in the master bathroom.

A fresh coat of paint is one of the best things you can do to immediately give new life to a room. We repainted the interior including the kitchen cabinets.

We also made several plumbing and electrical repairs throughout the house. A little landscaping was needed in order to give the home curb appeal as that is the first impression perspective buyers get of your home.

When the improvements and repairs were completed, Martina then set about staging the home based on her design concept for this particular property.

She highlighted every good feature of the home, and the result was a warm inviting environment that would encourage potential buyers to see themselves living the good life here.

Our out-of-town seller, who left all the decisions in our hands, was highly impressed when she saw the professional photos and she was so grateful for the work we had done in such a short time.

The renovations went smoothly and we came in under budget. The bottom line is we spent $10,888 on the ‘prepping’ of this home, and in return we sold the home for $65,000 more than the seller had thought she would get if the home was left in its original condition. Talk about a return on investment!!

A golden opportunity in Golden Hills: Can we stay under budget and on-schedule?

A golden opportunity in Golden Hills: Can we stay under budget and on-schedule?

At Bobbett and Associates, we do all we can to help our clients see the highest return on their investments, and we do so by advising them on key improvements they can make upon listing their home that enable us to ask a higher asking price than we might otherwise be able to.

Our latest renovation project is an exciting one. We were called by an out-of-area property owner who was looking to sell a very special house – a property in the Golden Hills neighborhood that’s been in the same family since it was built in 1956.

The home was in need of some strategic improvements to ensure we would be able to maximize the current market value. With a firm budget of $10,000 or less, and with a 12-day timeframe to complete the upgrades, we certainly have our work cut out for us!

We are in the process of completing the following improvements:

  • Refinishing the beautiful original hardwood floors throughout
  • Full interior painting, including painting of the original kitchen cabinets (this is a fantastic way to update a kitchen without spending a lot of money, we’ll finish the cabinets off with new hinges and hardware as well)
  • New tile floor in master bathroom
  • Various handyman fixes from plumbing to electrical as needed
  • Light landscape clean-up in the backyard and removal of an old metal patio cover

Once these projects wrap, the final steps will be a full house cleaning and then home staging by Martina (a complimentary service provided by Bobbett & Associates). A professional shoot with a real estate photographer will allow us to show off our beautifully updated home in the best possible light.

Without the improvements, the home would likely sell at $625,000 or less. But with a strategic budget of $10,000, we hope to get well over $720,000 for the home, in other words, a net gain of $85,000 to our home seller!

We can’t wait to show off the huge improvements at this house when we go to market in a few short weeks. Stay tuned for an update on how everything turns out.

Subscribe

Realtor / Equal Housing