First, we conduct a full home inspection to identify things that do not work—AC unit, water heater, electrical outlets, etc.
Then, we send in our contractors to estimate the rest of the job. Pink carpet, for example, is not a functionality problem but could prevent the house from selling quickly. Our goal is to avoid problems that would require costly renovation such as structural problems or a poor floor plan. We also take into consideration problems that could be time consuming to fix such as a poorly wired house or galvanized piping that has reached the end of its useful life.
Checking the Neighborhood
Ultimately, someone has to live in this property either as a renter or as a homeowner. So we look for issues that might diminish the property’s appeal such as graffiti nearby, proximity to a busy street, or noise pollution. We also review quality of life data such as crime rate statistics and Megan’s Law reports.
Stabilization
Homeowner’s Associations: We address overgrown lawns, blown down fences, mosquito infested pools as quickly as possible to avoid incurring both fines and general disapproval of our presence in the community.
Utilities and Property Insurance: Utilities are transferred immediately to allow the contractors to commence renovation and vacancy insurance is purchased to avoid losses due to vandalism and theft while the property is sitting vacant.
Our UCLA trained interior design team has identified the color palette for interior paint and carpet that will appeal to the broadest number of prospective buyers. We focus on project speed and efficiency, so our real estate agents sit directly across from the renovation coordinators to ensure that minimal time is lost between the close of escrow and the start of renovation.
Renovation Project: Covina, CA
Exterior
Bathroom
Kitchen
Progress
