Major Renovations Provide Big Returns
Upon receiving a $900,000 all cash as is offer, my clients were unsure if they wanted to undertake renovations or take the cash and run. I advised them of the risks and rewards of renovating upon which they decided to do the work. Two months later, with a cost of less than $28,000, the house had a fresh look. Renovations included exterior/interior painting, resurfaced floors,new light fixturesand facelifts for the kitchen and bathroom.
The hard work paid off: the home went into contract for $350,000 more than the original offer!