Buyers are coming to the table with higher expectations these days with extra funds going toward buying down their rate or increasing their down payment to get into the next price bracket. For sellers, it means putting your best foot forward. 

One of our recent listings had been a rental for some time and it needed some attention. If you’ve ever been a landlord you know that there is a cost in turning a rental, but what about when it comes time to sell it? The strategy changes from most affordable, to what’s most appealing. 

Meet 2060 Monrovia Ave, a charming single-level home in the coveted Freedom Homes community on the West side. The seller’s plan? A 1031 exchange into a different market. And so, for a rental for 20+ years and in mostly original condition, we needed to breathe some life and light into the space to maximize profit and ensure no cash was left on the table. 

Price evaluation to the seller if sold As-Is: $1,100,000

Estimated light reno budget: $16,500 + $2,500 for landscape refresh

Estimated Sales Price after reno: $1,200,000

The choice to invest a little to gain a lot was a no brainer. After finalizing a design direction and  schedule, a plan was set in motion to repair, paint interior + Cabinets, replace floors, lighting, and stage. Our firm managed the project and in 3 weeks time the home went from tired and dark to cheerful and fresh. 

End Results

The home went on the market mid March and this cutie garnered quite the crowds + multiple offers. The property sold for $1,255,000. $55k OVER the estimated price post reno. It's not a bad day when you help put $136,000 in your clients pocket. 

We take pride in the homes that we sell. For many of them, the starting point requires we take it to the next level to ensure our clients are maximizing their investment. And ideally, not requiring them to lift a finger in doing it.

Are you considering selling? Are you wondering about ways to maximize the profit? Call us. We have a proven track record of ensuring our clients earn top dollar and we are excited to help YOU earn the MOST on your home or investment in 2024. 949-891-0939.