How I Made $20,000 With Curb Appeal Alone
By: Kael
Most people agree that curb appeal can make or break a home when trying
to make your home stand out from the rest. Especially, when trying to
sell your home, curb appeal can enhance the exterior of your home so much
that someone who might not have stopped and gone inside will because of
how much they like the outside of the home. When adding merely curb appeal
to a home brings in a selling profit of $20,000, this is really something
to write about. Heres how it happened.
One of the benefits of being an agent or working with a real estate agent
is that we as agents can set up an email flash in the MLS to send us listings
as soon as they go on the market. Good deals on homes or fixer uppers
go quickly these days with all the handymen and do it yourselfers
out there. I sell real estate in the Tampa Bay area full time, but as
a hobby my wife and I like to buy and sell houses that are in minor need
of repair.
This particular home in Pasco County, Florida went on the market at 2:00
pm and by 4:00 pm we had already viewed the property and offered a full
price offer for it which was immediately accepted. The reason we offered
full price was because we saw the potential in this home for some reasonable
profit and didnt want to take a chance at losing it. The home was
on the market after just being purchased 8 weeks prior by a contractor
who completely gutted the home and remodeled it. He must have spent close
to $35,000 on new air conditioning, new roofing, new windows, complete
new kitchen, new bathroom, new garage door opener, fresh paint inside
and out, new carpeting and new tile. The asking price was fair and I am
sure he made a substantial profit too.
So what potential did we see? The exterior was painted all white, including
the front door. There were no colorful shutters around the windows. The
mail box was leaning over and so was the fence. The grass was full of
weeds, the plants and trees overgrown, and there was no sprinkler system.
For such a beautiful home inside, the curb appeal was atrocious.
So we dug right in. Most of the work we did ourselves and this is the
key to maximizing your profit with any fixer upper. Its not always
possible though, we did have to hire someone to remove the big overgrown
trees and stumps. We installed shutters and painted them and the front
door a high gloss sage green color to accent the home. With the help of
the local home improvement store and a lot of trial and error, I installed
my first sprinkler system. We fixed the fence and installed a new mailbox.
We killed off the old grass and removed all the old landscaping. We then
laid new sod and planted new plants and colorful flowers. Since this is
a hobby and not a job for us, we took our time with the project and only
worked on it in our spare time.
Once the home went on the market, it sold in less than seven days to
the first person who looked at it. Our net profit was roughly $20,000.00.
When its done right, curb appeal can really pay off.
Bob Lipply is a top Real Estate Broker Associate in the Tampa Bay Florida
area. He and his team have been helping families get top dollar for their
homes with great success. Visit his website at Tampa Bay Real Estate for
many other valuable selling tips.
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