Bentleigh
Project Type: Renovate to Sell
Project
ID
48JAS
the
Project
Location: Bentleigh
For this project in Bentleigh in Melbourne’s south-east, we worked with owners who had inherited a dated two-bedroom property that they wanted to sell.
They recognised that the home would sell for less than its potential in as-is condition, but given their limited renovation experience, they weren’t sure where to start on improving it. They also didn’t have access to funds to pay for a renovation.
The owners engaged Kudo Homes to help them with expert advice on renovating for profit and styling to sell. They opted to use our ‘renovate now, pay later’ model, which allowed them to make $36,000 worth of improvements with nothing to pay until the property settled.
This minor renovation was complete within two weeks, with nothing for the owners to do. Because they wanted to sell as quickly and painlessly as possible, we even staged the property for sale to ensure the renovation was complemented by stylish modern interiors.
At A Glance
THE BRIEF
THE BRIEF
Make it look fantastic with minimal work required.
Our proposal focused on small changes that would have a big impact. The owners had a limited budget and wanted to list the property for sale ASAP, so we looked for ways to elevate the home quickly and at low cost.
Services Provided: Renovation, Pay Later, Staging
THE GALLERY
THE CLIENT
“Cannot recommend Dennis and his team enough. Their workmanship, professionalism and positive attitude was excellent.
Dennis was great in helping us make final decisions when we asked for it. I felt comfortable and confident leaving him and his team throughout the whole project. Even after completion Dennis’s communication was excellent even after completion of the project.
We are so happy with the final result and wouldn’t hesitate to use Kudo homes again for future projects.
Thanks for making our house a Home” – Joanne P
THE FINAL RESULT
Kudo Homes was able to renovate and style the property to achieve a sale price of $888,000 – $163,000 more than the top of CoreLogic’s estimated value range. We achieved this result within two weeks with a budget of $36,000, and nothing for the owners to pay until settlement.
Selling price: the property sold for $888,000.
Owner investment: our client spent $36,000 renovating this property.
Based on the corelogic data, the owners profited $163,000 more than the estimated value range.
You don’t always have to spend big to make a good return. This two-bedroom property could have done with a new bathroom; it was clean, tidy and functional, but was significantly dated. However, the postcode deemed it unviable. Adding another bathroom to this property would have cost around $18,000 in additional funding which – in our opinion – had a too greater chance to eat into the owner’s profits.
Our clever planning & design makes it possible
(for all budgets, big & small)
The best things in life ARE free!*
The design is on us.
Save from $660 per room!
Whether it's one room or a whole house, save big bucks when you get real-life examples of your complete renovation before it even begins! All designs are curated for you, with you, when you renovate with Kudo.
*Applies to complete renovations of one room or more. Payment is required upfront and will be deducted from the final amount due on completion of your very, very awesome Kudo Homes® renovation.
