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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
eXp Realty in Georgia, Atlanta area
Promenade II 1230 Peachtree St. NE. 19th floor
Atlanta, GA 30309
Broker office: 404-422-6575