Tuesday, November 25, 2014

Another Great Looking Flip in Venice, FL

I ran across this Venice FL flip for sale in the MLS.  Overall, this is a well-executed flip of a 2 bedroom, 2 bath home with large lot available for sale for $199,000, with city water and sewer.

The home has new laminate floors installed throughout.  It looks nice in the pictures, but I'm not a personal fan of laminate.  Ceramic tile would have been a better choice.  If you are flipping investment property, it's much easier to get a neutral tile that will appeal to more potential buyers.

The kitchen is pretty close to a perfect "10".  The lighting is a nice designer touch, and the white cabinetry and light color counter tops are excellent choices.

I'm glad to see that the seller opted for a muted tile backsplash.  The open floor plan makes this 1,290 sq. ft. home see much larger.

The bathroom successfully repeats the same winning formula as the kitchen:  a simple white vanity and light colored countertop, with a couple of designer sinks, creating a memorable selling point with a neutral palette most buyers will appreciate.  Note the curbless shower, a growing design trend.

This home has a really nice-sized back yard.  As with a previous analysis of a home flip in Sarasota, I would have recommended the seller put in french doors to open the home to the outside.  This would make it easier for a potential buyer to imagine adding a pool or lanai, and would add value to the home.

Overall, the seller has done a wonderful job with transforming this home into a modern residence.  I think it's an excellent value and I would be happy to provide a tour.

To view the property listing from the MLS, please click here.  If you are thinking of flipping and selling your Venice, FL investment property, please contact me for a marketing and staging consultation.

Thursday, November 20, 2014

Home Flipping: I Analyse an Active Listing

I recently saw a home come up for sale in Sarasota in the South Gate area as I was searching for clients.  The home is a renovation, and the seller did most things right and a couple things that could have been done better.  Here's my analysis.

The color palette is perfect.  The light gray walls and painted fireplace are exactly what buyers are looking for.  The large tile floors are also a good choice, but I bet this home had terrazzo floors.  I would have preferred those be refinished.

The sectioned dining room could be improved.  This should have been opened to the living room, and the mirrors removed.

I can't find much fault with the kitchen.  I really like the timeless simple white cabinets and flooring choices, as well as the pickled planked ceiling.  It definitely adds a memorable selling point to this home.  I might have chosen lighter color counter tops, but most buyers won't quibble with these.

A lot of homes in South Gate have an enclosed lanai, like this one, that became part of the living area.   I would have added french doors where the windows are now.  The home isn't very open to the pool area.

See what I mean here about the pool.  It's a nice sunny spot, begging for french doors to open the home to the outside.  We're in Florida, after all.

The wood paneling here in this bathroom doesn't work.  It would look much better painted white.  It just doesn't go with the rest of the house.

You can view the MLS report for this home in this link.

Small changes can make a big difference in how a buyer sees your Sarasota or Venice real estate renovation, and will maximize it's value.  If you are thinking of getting into the market, or putting your investment property up for sale, please contact me for a staging and marketing consultation.

Monday, November 17, 2014

White Kitchens

I've been advising a client of mine who is renovating a home for sale, coming soon in Sarasota, about keeping everything white.

The home is small, and using white will create the illusion of a larger, airy space that a potential buyer can imagine with their furnishings, art, and accessories.

Here's a great example of how a small kitchen using simple materials looks spacious and contemporary:

Subway tiles are a timeless classic.  The lack of cabinet pulls creates a streamlined effect that would work well on simple and inexpensive stock cabinets from places such as Ikea or Home Depot.  There are no jarring colors to distract the eye, which makes the space look larger.

The goal in a successful "flip" is the balance between spending frugally on the renovation, while appealing to as many potential buyers as possible.  The simple lines and materials in the above example would appeal to any buyer who prefers a beachy aesthetic, or a rustic look by adding more personal items to the space, or a buyer who likes a minimalist contemporary feel.

If you are thinking of selling your Venice, FL investment property, please contact me for a design and marketing consultation to maximize your sales price in the current seller's market.

Friday, November 14, 2014

The Slow Pace of Sales on Manasota Key

I just checked the sales data for the past 90 days for Manasota Key single family homes.

Only 9 homes had sold, and of those, the median list price to sales price ratio was 86%.  This number is far too low in a seller's market.  Even worse, the median number of days on market for these sold homes was 571.

You can view the report here.

If you are thinking of selling your luxury home on Manasota Key, it's obviously time for a different approach.  I invite you to contact me to learn about Berkshire Hathaway's Luxury Collection, a powerful marketing program designed to put your property for sale in front of the most qualified potential buyers.

You can learn more about the Luxury Collection here on my website:  http://www.davidbarrhomes.com/#!bhhs-venice-luxury-collection/c11zl

Monday, November 10, 2014

Pet Friendly Condos for Sale in Venice FL

As a fellow dog lover, I am acutely aware that many people who relocate to the Venice FL area are bringing their pets with them and need to know exactly which condos allow pets.

Pet friendly Brohard Beach in Venice FL courtesy of bringfido.com

On my real estate website, you can search Venice FL area condos and villas for sale that are specifically pet friendly: http://www.davidbarrhomes.com/#!venice-pet-friendly-condos/c1xbi

Monday, November 3, 2014

Coming Soon: 2BR West of Trail in Vamo Sarasota FL

I will be listing a completely renovated 2 bedroom one bath cottage style home west of the Trail near Sarasota Square Mall in the next few weeks.

The home will have an all new kitchen and bath, new roof and windows.  Here's a preview of the kitchen renovation.

If you are looking for a smaller home that has an open and light feel, please contact me for a preview showing.