|
|
Las Palomas Case Study - $24,873 Profit - 24% in 75 days |
We purchased this property considering the following Criteria; |
- Bank owned property, 53 days on market - Price $34/sq.ft. wll below market comps avg of $65/sq.ft. - Roof condition good, only minor repairs required - Exterior condition fair no structral or termite repairs, just cosmetic work required. - Property already fenced for new owner privacy, added security during rehab - Final selling price well within reach of 1st time home buyers - Location close to schools and shoping centers |
BEFORE |
AFTER |
- Demo 2nd level siding, install new siding - Demo driveway and pour new concrete driveway - Demo rear patio and pour larger patio - Replace bad roof shinges - Install new designer front door - Replace exterior lighting - front, rear and garage door, install rear flood lights - remove front tree, landscape front and seed front and rear lawn - repair garage door |
- Repair various plumbing leaks |
Scope of work external |
Scope of work internal - main floor |
- Demo kitchen floor and install ceramic tile - Refinish kitchen countertops with grey-black granite look formica - Demo low kitchen ceiling and re-route A/C ducts - Frame in bulkheads to conceal A/C ducts, add sheetrock, tape and float bulkheads - Sheetrock, tape and float remainder of exposed kitchen ceiling - Refinish kitchen cabinets, install new drawer guides - install new kitchen sink, dishwasher and garbage disposal - install recessed 4' x 4'designer kitchen lighting - install 3 hanging designer lights over breakfast bar - install new halfbath pestial sink, mirror, light fixture and toilet - install shelving in Kitchen pantry - Demo family room carpet, level out and install wood laminate flooring - trim out fireplace with ceramic tile - refinish living room and dining room hardwood flooring |
Scope of work internal - 2nd floor |
- Service A/C attic unit, fix condensation pluming leaks - repair ceiling water marks' - install new carpeting all 4 bedrooms and stairway - repaint all doors, walls and trim - install new ceiling fans all 4 bedrooms - refinish hardwood flooring in hallway - replace bathroom/masterbath light fixtures with designer fixtures - refinish bathroom/masterbath cabinets - replace bathroom/masterbath faucets and drains |
Scope of work internal - general |
Andrew Cichon - 770-912-0589 Lilly Cichon - 770-912-4743 eXp Realty in Georgia, Atlanta area 1372 Peachtree St. NE. Atlanta, GA 30309 Broker office: 888-959-9461 |