$550,000

As-is price

Purchase price

$314,000

Renovations

$1,057,500

Sales price

Resale price

$193,500

Profit

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Scope of work

New flooring, interior painting throughout, kitchen remodel, bathroom remodel and garage door installation.

Before & After

Summary

This 2bd/3ba three-story rowhouse in H St. corridor of Washington, DC, required a complete renovation from top to bottom. The seller had lived there with her partner for the past 20+ years, and during that time, the neighborhood had changed significantly, allowing the owners to benefit from the increase in property values. Now, they were looking to move to the suburbs of Maryland for more space. Agent Nancy knew that with the right renovations, the home could sell for top dollar, so rather than rush to list, Nancy and her sellers decided to be strategic. A new second basement kitchen was added to provide rental potential, which involved the reconfiguration of the second-floor layout, including space for a second bathroom and a true primary suite. New parking pads and roll-up garage doors were added to the rear of the property, and brick repointing was updated in front and rear facades, along with new flooring and paint throughout the property. In a few short weeks, the home’s as-is value went from $550,000 to selling for $1,057,500, helping the sellers net an additional $193,500 and increasing Nancy’s commission by 92%.