After our initial meeting with the homeowner, we performed a thorough market analysis and let him know that the market price for the home after updates would be about $359,900. As the project came to a close, we revised our price, based on the finished product and recommended a list price of $369,900. This was a whole home remodel and took 8 weeks to complete with some extensive upgrades to the original floorplan.
This is a great neighborhood in a sought after area of Alpharetta/Johns Creek. 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. For this project, one such recommendation was to convert a loft into a 4th bedroom whgile still keeping the open feel. The sellers trusted our recommendations and approved the entire budget of $36,000. The updates included:
5545 Taylor Rd - Alpharetta, Ga 30022
We met with the homeowner to understand his goal and gave him an original list price of $275,000 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. The final sales price was $369,900 so after the $36,000 invested to update the home, he made an additional profit of $58,900!