Renovations in High-End, DC Home Result in 538% ROI

Renovations in High-End, DC Home Result in 538% ROI

According to Remodeling Magazine’s 2020 Cost vs. Value report, most renovations don’t recoup their full costs. Curbio’s projects tell a different story because pre-sale renovations are drastically different than traditional home improvements. We achieve an average ROI of 113% by focusing on project resale values, features and materials buyers demand, and cost controls.

While our average ROI is 113%, there are some projects in which the value added to the home (in comparison to the work done) is just incredible. We recently renovated a home in an up-and-coming area of Northeast DC. After mostly minor renovations, it sold in 6 days for $63k over asking. With the renovation cost coming in just under $20k, the homeowners received an ROI of 538%!

How did we achieve such high returns?

What we didn’t do is almost as important as what we did. In this case, much like many high-end properties, the home simply needed to be de-personalized rather than completely renovated. A traditional contractor may have suggested taking on more renovations to increase his profit from the project. Curbio made cost-effective decisions and only took on renovations that would increase the home’s sale price.

For example, we re-glazed (rather than replaced) the existing tile in the bathroom to get a new look without the cost. We didn’t touch the kitchen, we didn’t replace any hardwood floors, and we didn’t touch the master bathroom because we didn’t need to.

So, what did we do to help this home sell for more, and faster?

Project Summary

Interior painting
Remove and replace carpeting
Update bathroom
Minor carpentry
Minor touchups

Cost: $19,433

See the Project Details

As housing inventory ages, we see a lot of homes that need complete renovations, but some homes only need a little TLC. Whether you have a property that just needs touch ups or one that needs the full treatment, working with Curbio ensures that you’ll be able to get to market and sell quickly—all while improving client experience. Get started on your renovation.