See the before and afters and cost breakdown
The Six Degrees Team just closed on this Edmonds view home that took advantage of our 180° by Six Degrees program – a plan that we recommend to our sellers that includes renovations, clean-up and more to increase return on their investment.
The 5 bedroom, 3 bath home in the Hillview neighborhood of Edmonds featured Sound and mountain views but was in need of updates inside and out. The sellers took advantage of a Compass renovation loan through our brokerage, which allowed them to pay back the cost of renovations at closing. Learn more about renovation loans here. The total loan amount for renovations and moving was $83,000.
Here’s a breakdown of the numbers:
RECOMMENDED RENOVATIONS / $71,000
MOVING COSTS / $12,000 (taken out of loan)
LIST PRICE / $1,175,000
SALE PRICE / $1,362,000
That’s a $187,000 increase with a $104,000 seller gain!
Our listing specialist Emily Bishop came in to assess the home and create a renovation checklist. Emily works with our trusted vendors to expedite the updates and manages the entire process for the homeowner. It is usually a 1-3 month process.
“Our team specializes in coming alongside sellers, helping their home reach its greatest potential, thus bringing in the highest offer,” Emily said.
Let’s take a look at what was included in the Edmonds home renovation:
- Brand new kitchen that included new cabinets, countertops, hardware, and stainless steel appliances
- Interior paint
- New carpet
- New light fixtures inside and outside
- Exterior paint
- New paint on the deck
- Pressure washing
- Moving services – approximately $12,000 of total budget
Total Spent – $83,000 / $71,000 on renovations alone
“Updating the kitchen was a game-changer for this home. It’s true what they say, the kitchen is the heart of the home, and this bright, warm, and inviting space draws you in from the moment you come up the entry steps,” said Emily.
“The exterior got a facelift with paint and light fixtures giving it the ultimate curb appeal. Paying attention and investing in these updates is what brought the most value and profit to this sale,” Emily said.