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BackgroundThis production-built home is in a premier school district. Although the home was just seven years old, two young boys and a Labrador retriever had taken a toll. New carpets and paint were required throughout. A prior leak in the dishwasher drain line had significantly damaged the kitchen flooring. In addition, the family had outgrown the home and was using the living and dining rooms for storage. The projected selling price was approximately $1,250,000 in the current condition. Pre-update projections Castellana Realty results |
The sales strategy was to take advantage of the desirability of the school district and update the house to make it one of the most attractive properties in the area. The owners had already identified their next home and moved out all of the belongings that they intended to keep. Our team included a Castellana Realty Broker, Castellana Homes General Contractor, and our preferred stager. We met with the homeowner and reviewed each room and the exterior in detail, building a comprehensive list of repairs, updates and staging solutions.
Each item was evaluated critically to ensure that money put into preparing the home was returned through increased price and/or decreased market time. The major areas of focus were:
All updates and repairs were performed by Castellana Homes over a two week period.
The final work plan included:
This home looked like a model when it was ready for the market. The home was promoted with a heavy mix of online and newspaper advertising, broker tours and open houses. It sold within days with multiple offers easily setting a new price point in the neighborhood at well over $1,400,000.
Pre-update projections
45 days on the market, $1,250,000 sale price
Castellana Realty results
7 days on the market, $1,444,000 sale price