FedCity shares how to increase your ROI when selling your home [sponsored]
/by Marc Dosik
Sponsor, guest contributor
Our Fed City team helped a local family with an estate sale and getting their home ready to show potential buyers. But the 2-bedroom, 1-bath condo was in disarray, and the estate representative had no idea where to turn. When they came to FedCity Realty and we took a look at the condo, we knew this home in the Union Market district had a ton of personality and uniqueness, and we knew we could help the seller complete a renovation that would transform the layout and greatly increase the sales price. Here’s what we did.
We brought in our stager and contractor to get together to design a remodel. Fed City evaluated the comparable home sales prices and helped front the cost of the construction. After a gorgeous renovation, the seller got multiple offers. By working with the seller on the renovation, we were able to get them a higher sales price, and got their investment back at settlement. Their return on investment was immediate.
The Before and After pictures below speak for themselves: the condo hardly looks like the same place! The homeowner spent a total of $41,500 in upgrades. It has an open floor plan with vaulted ceiling, lots of natural light, custom updates in kitchen and bathroom, and a spacious living room with eating area, new appliances and light fixtures too.
The goal of the renovation was to lighten up and modernize the colors of the walls and ceiling. The ceiling started out all wood, but ended up white, brightening the whole look. The dark front wall was demolished and rebuilt.
We designed a contemporary wood beam in the living room for accent.
The kitchen was completely renovated. They installed a barn door as an accent piece for the living room and an entry to the second bedroom.
The big ticket items that were done include $6,200 for flooring; $4,500 for appliances; $3,500 for two coats of interior paint on ceiling and walls and trim.
Another $6,500 went for the bathroom upgrade, installing a new tile wall, painting the tub, new vanity, new faucet, and new light fixture.
In the end, the plan worked beautifully and created a wonderful new, updated home for the buyer.
Come talk to us at FedCity Realty for ideas on how to maximize your return on investment!
Marc Dosik
Fed City Team at Century 21 Redwood Realty
(202) 543-7283
marc@callthefeds.com