Our latest project involved rehabbing this cute 3 bedroom bungalow in Overland, MO. This home was in need of some serious updating and the owners wanted to put the home on the market but could not get it's full value with the home as is. They contracted Gwen Co to solve this problem.
Our solution: remodel the home and put it up for sale.
In order to successfully fix and flip a house, Gwen Co performs a thorough assessment of the home in its current condition, making a list of priority updates (such as installing a new hot water heater to replace the leaking one in the basement and so forth.) We took an inventory of the mechanicals - electric panel, furnace, A/C, appliances, and determined their age and if they function properly. Then we assess the structural components including the roof, walls, basement, floors, doors, windows, etc.
We then take a look at the overall floorplan and determine what changes would add value to the home.
CREATING THE BUDGET
Creating a reasonable budget for the remodel is the most important aspect of this whole project. When flipping a home, you never want to invest more into the remodel than you could reasonably get for resale. With this in mind, we consult with a real estate professional to obtain recent comparable sales in the area to determine what our listing price will be.
Then we create our budget based on the numbers given to us by the real estate professional, taking into account, any outstanding debts owed on the property. After factoring in closing costs, and real estate commissions, we have our maximum remodel amount.
DESIGNING TO SELL
When designing the interior space of a home, it's important to consider what is neutral and eye pleasing, rather than your own personal taste. Keeping with one theme in mind and carrying it throughout the home is also important when designing to sell. You want your potential buyer to be able to visualize themselves living there.
We remove all personal items and photographs from the home along with any memorabilia and collectors items, toys, bulletin boards, calendars - all things that could distract the buyer. There is a delicate balance between depersonalization and creating a warm, welcoming environment.
You can stage your home with your existing furnishings or you can contract a designer to do it for you. This home was lightly staged with both new, used and existing items.
BEFORE AND AFTERS
New Architectural Roof
New Fascia & Soffit
New Seamless Gutters
New Thermal Energy Windows
New Luxury Vinyl Plank Flooring throughout
New Trim Package
Sliding Barn Door
Upgraded Electric to 200 AMP
New Service Panel
New Hot Water Heater
Freshly Painted Interior
New Light Fixtures
1 Full Bath
Fenced in Yard
Lot: 6,490 sqft
LISTING PRICE $119,900