Full Property Transformation
Working from start to finish, our team of experts provided recommendations on what renovations were required for that particular rental market
Project Summary:
A dated property and an evicted tenant called for some extensive improvements to happen in a short period, in order to fill the vacancy quickly and increase the rental rate potential. The client currently lives out of country and was unable to oversee the project. Working closely together with the client, the East Vista Home Services Team helped provide practical recommendations that ensured the property was pleasing to prospective tenants, available immediately and within budget.
Solution:
Working from start to finish, our team of experts provided recommendations on what renovations were required for that particular rental market and stayed within the clients budget and timeline. The team clearly identified the key areas to focus on that would provide the biggest return on revenue for the owner. Prior to the tenant leaving, all resources were lined up, to reduce the vacancy time. Once the previous tenant vacated, our team went on site and conducted a thorough Outgoing Inspection. During the inspection, they identified the following:
Critical areas that needed to be repaired/fixed immediately:
- Garage and Interior
- Garbage Removal
- Exterior Clean-Up (Grass
- Cutting, Flower Bed Clean-Out)
- Wall Repairs & Full Interior Painting (including doors & trim)
- Carpet Replacement
- Laminate Floor
- Replacement in Main Living Area
- Overall House Cleaning
- Water Damage Repairs
Other areas that should be improved to enhance the overall rentability:
- Garage and Interior
- Garbage Removal
- Exterior Clean-Up (Grass
- Cutting, Flower Bed Clean-Out)
- Wall Repairs & Full Interior Painting (including doors & trim)
- Carpet Replacement
- Laminate Floor
- Replacement in Main Living Area
- Overall House Cleaning
- Water Damage Repairs
Long term repairs – these could wait until a later date:
- Exterior Work: Deck Repair and Garage Door Painting (winter was approaching and this could be taken care of in the spring)
From the time the client approved the quote, we were able to complete the project, using both internal and external resources in less than four weeks! Two weeks later a very happy tenant moved into their ‘almost’ new rental property.
Result:
As a result of working with East Vista Home Services, the clients goals were made a reality. In six weeks, our team was able to fully upgrade the property, show it to prospective tenants and have it rented. The owner was happy with the results and the new tenants were able to move into a newly freshened up home. Our full-service project management team ensured that the budget and timeline requirements were fully met through careful coordination with contractors, internal partners and the client.