Kirkland, Washington-based real estate broker David (“Dave”) Leonti efficiently matches buyers and sellers of in-demand properties. Capitalizing on a background in construction, Dave Leonti also acquires and renovates homes that can be resold at a profit.
Remodeling for resale is as much an art as a science, with successful projects reflecting not only the needs of the building and its prospective tenants, but also the expectations of buyers in specific markets. The key to achieving this cost effectively is to seek out properties that are for sale well below market value. This can often be accomplished through providing cash up front and closing the purchase with minimal hassle.
Another key to a successful rehab project involves setting budget and timeframe parameters that accurately reflect the sales value that can be obtained. Make sure that upgrades are appropriate to the local market and add the type of value that buyers really notice. At the same time, don’t shirk on quality. There are situations where the property cannot be readily sold and is managed for an extended period of time. Having things work properly can limit expenses and save tenants from frustration over the long run.
