THE PREMIER DESIGN AND REMODEL PLAN
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 $390,000 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 $10,000 to complete the updates. We listed the home for $390,000 and sold the house with multiple offers for $410,000.
This is a great neighborhood in Woodstock. 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 $10,000.
The updates included:
- Full interior paint
- Painted kitchen cabinets
- Replaced microwave over stove
- Replaced master bathroom flooring
- Replaced master bathroom granite and faucets
- Reglazed showers and added a frameless glass door
