When Northern Colorado realtor, Morgan Merriman, came to Steve & Thalyta Swanson with an inherited property from his clients, it was clear that this home had great potential but needed strategic renovations to shine. Initially valued at $410K, the property needed thoughtful updates to maximize its value on the market. The sellers knew that some "love" and the right improvements could make a significant difference.
Strategic Renovations with a Focus on Key Areas
With a $60K renovation budget, the team at Renovation Sells Northern Colorado focused on high-impact updates that would yield the greatest returns:
Complete Kitchen Remodel: The kitchen was entirely transformed with updated countertops, contemporary cabinetry, stylish fixtures, and fresh paint, turning it into a bright, functional, and appealing space that buyers would love.
New Flooring Throughout: Outdated flooring was replaced with new, cohesive materials that created a polished and updated look across the home.
Full Interior Paint: A fresh coat of paint in neutral, inviting tones enhanced the home’s overall appeal, providing a clean and updated atmosphere.
Upgraded Lighting: New lighting fixtures were installed throughout the home to brighten the space and add a contemporary touch.
Small Bathroom Updates: The bathrooms received modest but impactful updates, including new fixtures and improved finishes, offering a refreshed look without breaking the budget.
The Results: Quick Sale, Impressive Profit
After just four weeks of renovations, the home was re-listed at $600K. The transformation paid off almost immediately—within 12 hours, it was under contract for $620K, surpassing the list price. The successful sale resulted in a $150K profit for the sellers, highlighting the value of strategic, well-planned updates.
Why It Worked
High-Impact Upgrades: By focusing on areas that matter most to buyers, such as the kitchen, flooring, and lighting, the renovations maximized the home's appeal.
Strategic Budget Allocation: The $60K renovation budget was carefully managed to ensure the most impactful changes were made without overspending.
Experienced Team: Combining Morgan Merriman's market expertise with Steve & Thalyta's renovation skills, the project focused on strategic, market-driven improvements designed to attract buyers quickly.
A Proven Strategy for Success
This project marks the second successful collaboration between Renovation Sells and realtor Morgan Merriman for the same sellers, proving the value of a focused and strategic approach to home renovations. Transforming an inherited property into a market standout not only maximized its resale value but also provided a seamless and profitable selling experience for the clients.
Transform Your Home for Maximum Value
Targeted renovations, guided by market expertise, can transform a dated or inherited property into a top-market contender. By focusing on key areas and managing the budget effectively, homeowners can realize impressive returns and fast sales.
Ready to maximize your home's potential with strategic renovations? Contact Renovation Sells today to see how we can bring your vision to life and boost your property’s value.
Designer Tips for a Warm and Inviting Holiday Home
Dec 11, 2024
Embracing Change and Building Success: Meet Steve & Thalyta Swanson of Renovation Sells Northern Colorado
Dec 9, 2024
Transform Your Home with Seasonal Colors: Easy Updates for Every Time of Year
Nov 21, 2024
What Do Millennials Want in a Home? Flexible, Turnkey Spaces Are Leading the Way
Nov 15, 2024
4 Reasons the Offseason is Prime Time for Renovations
Nov 8, 2024