Bon Terra was once the gem of the neighborhood, but its design had faded with time. Though still a timeless architectural style, this home needed a modern-day update. With the competitive luxury market of Austin, Texas, this home needed to be truly unique to command a price that made the investment worthwhile. REI Studio was brought in to create a product that would grab potential buyers’ attention immediately and command that price tag.
Case Study
Bon Terra
Purchase Price: $800,000
Rehab Cost: $220,000
Sale Price: $1,403,000
Days on Market: 7
Area Avg D.O.M. 52
Design services for this project included:
- Full project interior design including floor plan restructuring, lighting fixtures, plumbing fixtures, flooring, paint colors, millwork, countertops, cabinetry, vanities, hardware, etc.
- Full project exterior design including doors, windows, paint colors, hardware, lighting fixtures, roofing style and color, etc.
- Sourcing over 300 material items and building a 12-page finish schedule to reflect all choices approved by the investor.
Total Design Cost: $4,000
Flat-rate Pricing
Results
By crafting a truly unique and timeless design, REI Studio helped this investor achieve a massive return on investment. In only 7 days on the market, this flip received multiple offers, ultimately selling at over-asking price. By creating a design style that highlighted the natural architectural elegance of the home, Open Houses were overflowing with 5+ offers submitted on day 1 of being listed.
- Accurate project budgeting with a full design plan in place before project day 1.
- Beating the average days on market by over 80%
- Closing the home at over-asking price
“We received over 10 inquiries throughout the two open houses asking who the designer was. This design couldn’t have matched the house any better.”
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