Case study: BUTTERNUT PLACE

ARV Potential — At $280,000 purchase price and an area median sale price in the the 380s, there was strong potential relative to the project scope.

Neighborhood — The neighborhood’s quiet setting and established character made it an attractive investment opportunity. Moreover, it’s proximity to schools, shopping, and dining increased the properties sale potential.

Area — Located in a highly desirable area with historically short on-market times, ensuring strong buyer demand.

Market Conditions — At the time remained positive, supporting steady resale activity and confidence in the investment.

Material Efficiency — Strategically selected design materials to align with the home’s price point balanced quality and cost efficiency. This was ideal for a budget-conscious renovation and budget-conscious buyers.

Large Backyard — The large, open backyard offered an uncommon advantage for the neighborhood and a major draw for buyers.

Ideal Layout — The simple, functional layout offered flexibility for modern design improvements without major structural changes.

Poor Initial Condition — While the cosmetic work was significant, thorough inspection revealed strong bones, allowing Bloom to focus on upgrades that maximized value rather than major repairs.