When a senior loved one passes away, the process of handling their estate can be overwhelming. For many families, this includes deciding what to do with the home that has been left behind. Often, these homes are outdated and in need of significant work to attract modern buyers, and this was exactly the case for the sellers of this home. Their inherited home, while full of memories, required extensive updates to maximize its value in the real estate market.
Enter Ryan LeBrun, Owner of Renovation Sells Naperville, who helped transform the property into a buyer’s dream, resulting in a much higher offer, a $130K profit, and a smoother transition for the family.
Photos by Fio Creative
The Situation: A Dated Home, An Investor's Offer
Initially, the family received an investor offer of $150K for the home. While the offer was tempting—providing a quick sale without any renovations—the children knew the home had potential for much more. The home, though sturdy, needed significant renovations to appeal to today’s market. Overwhelmed by the idea of managing a renovation themselves, the family turned to Ryan and his team for help.
The Solution: Presale Renovations with a Strategic Focus
With an $80K renovation budget, Ryan and his team got to work, strategically targeting areas that would deliver the most impact. Key updates included transforming the kitchen, modernizing the bathrooms, replacing the flooring, and updating the lighting. These focused changes elevated the home's appeal, turning it into a showstopper for potential buyers.
Key Renovations:
Kitchen Upgrade: We updated the kitchen by installing new countertops, updating the cabinetry, and adding modern stainless-steel appliances. The kitchen went from being dated to a bright, functional space that prospective buyers loved.
Bathroom Updates: Outdated bathrooms can be a deal-breaker for many buyers. We replaced old fixtures, added sleek tiling, and improved the lighting to give each bathroom a more contemporary and spa-like feel.
Flooring and Paint: Installing new LVP flooring and fresh, neutral paint throughout the home created a cohesive and inviting atmosphere.
The Results: A $130K Net Profit
The transformation was completed in just a few weeks, and the results spoke for themselves. Instead of settling for the $150K investor offer, the family was ecstatic when their renovated home went under contract at $350K. After the $80K renovation cost, the family walked away with a net profit of $130K.
Maximizing Value and Honoring Legacy
If you're navigating the transition of a senior’s estate or preparing to sell an inherited home, presale renovations can make a significant difference. We understand the importance of balancing the emotional and financial aspects of these transitions. By focusing on high-impact updates, we help families honor their loved one’s home while ensuring it’s ready for a new chapter. Reach out to us today to learn how we can assist in maximizing your home’s value through strategic, hassle-free renovations.
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