Located in a great suburb, SW 8th St needed a full cosmetic update to bring top-dollar in the market. Being a split-level home, it already had a disadvantage against other single-level homes for sale in the area. To really piece together a project that could sell with this challenging obstacle, the investor brought on REI Studio’s design expertise.
Case Study
SW 8th St
Purchase Price: $170,000
Rehab Cost: $75,000
Sale Price: $395,000
Days on Market: 4
Area Avg D.O.M. 30
Design services for this project included:
- Full project interior design including lighting fixtures, plumbing fixtures, flooring, paint colors, millwork, countertops, cabinetry, vanities, hardware, etc.
- Full project exterior design including doors, paint colors, hardware, lighting fixtures, roofing style and color, etc.
- Sourcing over 200 material items and building a 12-page finish schedule to reflect all choices approved by the investor.
Total Design Cost: $3,000
Flat-rate Pricing
Results
Since the design of this house needed to flow properly with the split-level architecture, it was important to really think about not only the materials selected, but how and where they are installed. Each level is used by a different function in the family, so we crafted a unique design that could fit any family of any size. The result was over $100k in net profit for this investor, with only being listed for 4 days on the market.
- Properly designing the home to fit the natural architectural build
- Beating the average days on market by 7x
- Creating over $100k in net profit for this investor
“We got multiple comments on the quality of the rehab and the finishes on this one.”
Investor
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