South Portland, ME House Flip
CASE STUDY: Single Family Flip - South Portland, ME
Client: New England Investor / Flipper
Client Goals: Maximize Renovation ROI, Increase Value, Sell Property Quickly
Goals / Obstacles / Design Challenges Addressed:
Small Space Lacking Open Flow - Make the space more gathering friendly
Bold Color Choices
Dated Fixtures & Finish Materials
Some Failing Siding & Failed Roof
Only Bathroom Not Salvageable
The buyer for this home wants updated, unique feeling finishes that preserve character but improve function and will last long
Kitchen Before
Living Room Before
Kitchen After
Living Room After
Features We Love:
We were able to save the hardwood floors and refinish in a lighter more matte palette to brighten the space and make it feel larger
Furniture Vanity in the Bathroom elevates the space
Coffee Bar section in the Kitchen
Preserved the front cedar shakes and featured High Density Cellular (PVC) clap siding on rear and sides that will have long maintenance free lifespan in New England weather
Bathroom Before
Bathroom After
What Was the Outcome?
This renovation was completed in under 30 days
The investor spent approximately $105,000 in materials and labor
Purchased at $165,0000
Listed at $389,000, closed at $430,000
Gross Return on Renovation: $160,000
Living Room After
Client Feedback:
“The Builder's Reserve was really easy to work with. We had a very tight timeline to get this home finished in time for the early spring market. We relied on B/R to show us stock or quickly available product lines that balanced the quality our installers and buyers look for that was also within our flip budget. Choosing the right areas for new materials that felt on trend but timeless, and preserving certain elements for character and charm helped us sell this property after only 5 days on market and more than $40k over list price! Thank you to the whole Builder's Reserve team for your time and attention and helping us knock this one out of the park.”
New Buyer Feedback:
“I'm loving the house!!! My favorite things about the updates were the recessed lighting and the floors. The kitchen was also a huge bonus. And I liked that you left the original things where it added character, like the front door.”
