Affordable Renovations



Transforming Distressed Houses Into Family Homes

​After

5374 16th Place SW

       Naples, Florida

​Before

​Purchased:      November, 2014

Sold:                October, 2015

Purchase Price:                                               $70,000.00

Rehab Costs:                                                   $18,000.00

Total Project Cost:                                           $88,000.00


Sale Price:                                                      $100,000.00

 
Profit :                                                            $12,000.00

This project is a light renovation in the Golden Gate City area of Naples, Florida.  GGC is a middle class neighborhood.  In the last two years, the price of single family homes has risen significantly. Pricing is beginning to make single family homes in the area more challenging for the new homeowner.  Condominium prices will continue rise as the supply of affordable homes on the market continues to shrink.

16th Place is in Sun Catcher Condominiums.  This is a small, 34 unit, complex on the outskirts of Golden Gate City with a convenient location to major roadways and I75.  

This unit was acquired to complete a light renovation and hold until next season to maximize the sale price.  There are only a few properties in Naples under $100K.  All other properties are in need of extensive rehab with the exception of one, which is in a 55+ community.  With very little true competition, the condo has been put on the market at $100K and is getting frequent showings to prospective buyers.  

Work Performed

Install new light fixtures and fans; add a chandelier in kitchen

Paint interior

Replace countertop with high end formica and install a travertine backsplash

Install under cabinet lighting

Install stainless steel refrigerator, stove/oven, microwave/vent, dishwasher

Install washer and dryer

Replace bifold doors on kitchen pantry, laundry, and hallway closet

Replace faucet, medicine cabinet/mirror, vanity light in master bathroom

Replace medicine cabinet, faucet, and vanity light in second bathroom

Replace shower/tub trim kits and toilet seats in both bathrooms

Remove and replace carpeting in both bedrooms

Add Closetmaid shelving to closets in master bedroom

Replace bypass doors on second bedroom closet to hollow core 6-panels

Install faux wood blinds to all windows

Install brushed nickel knobs to bypass and bifold doors as well as brushed nickel plate covers to all switches and outlets

Bleach and clean grout on all tile flooring

Paint lanai and screen cage

Stage