investor & Developer Services
We assist investors with Home flipping and developers with condo conversion IN OAKLAND, Berkeley AND THE EAST BAY
These case studies illustrate our successful track record with our full-service home design, renovation consultation, staging, property listing and selling services provided in-house to property investors and developers. We are experienced in condo conversion and home flipping in the Bay Area. We will not only share our expertise with you, but save you time by acting as your renovation designer, project manager, property stager and real estate sales broker. Please explore these client success stories all designed, staged, listed and sold by The Home Co.:
Case Study 1: Rockridge 4-Unit Condo Conversion
Background: Our out-of-state client contacted us regarding two 4-unit garden apartments, just steps from College Avenue in Rockridge, that he purchased in 2005. He had begun the condo conversion process but was unsure how to proceed with the sale given several challenging tenant situations. Over the course of two years, we worked on the interior and exterior renovation design and facilitated the renovation process. During that time, we worked through the ebbs and flows of tenant issues, contractor issues, and neighbor issues to finally realize highly successful sales.
Recommendations: Because the property was located in Rockridge, the most desirable neighborhood in Oakland, we knew investing in its condition prior to sale would provide our client with a solid return on his investment. Based on our knowledge of buyer's preferences and our goal to provide our client with the highest ROI possible, we developed a renovation plan and budget.
Result: Within 14 days on the market, all units went pending and were sold without contingencies. The client purchased the building for $1,050,000 and total 2017 sellout was $2,865,000, which was nearly $1,000 per square foot.
Case Study 2: Rockridge Record-Breaker
Background: Our client contacted us to sell his Rockridge home which he had purchased in 2007. It had been tenant occupied for the last several years and was outdated. As-is value of the property was approximately $950,000, which would have been a break-even sale for the client.
Recommendation: Because the property was located in Rockridge, the most desirable neighborhood in Oakland, we knew investing in its condition prior to sale would provide our client with a solid return on his investment. Based on our knowledge of buyer's preferences and our goal to provide our client with the highest ROI possible, we developed a renovation plan and budget.
Result: Our client invested approximately $175,000 in the renovation. Within 12 days on the market, he received 30 offers for the property, which sold for a record-breaking $1.5M ($1,073 per square foot) and provided him an ROI of over 300%.
Before & After Photos: (coming soon)