There’s a long-held notion that renovated homes sell faster and for more money than homes that haven’t been updated. Assuming that’s true, why isn’t EVERYONE updating before they list their home for sale, knowing that there is a bigger and better bottom line on the other end of that reno?
It’s all about the money, Honey.
According to HomeAdvisor, renovating multiple rooms in a home can cost up to $75,000 or more. Just want to do your kitchen? “The average cost of kitchen remodels comes in at $20,474,” with homeowners spending up to “$49,000 or more for high-end projects,” they said.
Billed as an “affordable pre-sale home improvement solution for realtors and homeowners,” Curbio is a new real estate technology company that offers a home renovation service sellers don’t have to pay for until after they’ve sold their home. There is no deposit required, nor is there a finance charge or a credit score or income requirement, for that matter. The bottom line for sellers: They can reap the benefits of a renovated home by getting it market-perfect now, and use their profits to cover the cost.
So, does it work? According to the company, that’s a big “Yes!” Per their numbers, using Curbio results in:
· A 209% average renovation ROI for sellers
· Homes that spend 58% fewer days on the market
· A $50k average profit increase
How it works
Curbio works together with sellers and real estate agents, assigning a Project Manager to oversee the home’s renovation and handle “everything: ordering materials, scheduling deliveries, hiring subcontractors, pulling permits, and serving as a single point of contact for the homeowner,” they said.
The company has announced marketing partnerships with real estate companies, including Better Homes and Gardens Real Estate Metro Brokers in Atlanta, and, most recently, Ebby Halliday Companies in Dallas, which includes Ebby Halliday Realtors, Dave Perry-Miller Real Estate, and Fort Worth-based Williams Trew.
Not yet nationwide
Curbio is not yet available to sellers across the country but is in expansion mode, with services currently available in several markets. Home sellers can partner with Curbio in:
· Washington DC
· Northern Virginia
· Southern New Jersey
· Dallas-Ft. Worth
The next round of expansion will bring the company’s services to Chicago.