Behind The Transformation — 56 Mystic St

  New to Compass, we are now able to give our clients an opportunity to bring a competitive edge to their properties when selling their homes! Being able to stage and renovate your property will allow you to create a vision hand in hand with Covelle and Company, taking your home to the next level.
 
“As a seasoned REALTOR & Interior Designer, I have sold hundreds’ of homes, and Compass without a doubt has played a considerable role in my clients’ success when selling. The Compass Concierge program allows me to ensure my clients that we are creating a perfect picture property when debuting their home to the market, leading to top dollar pricing for long term investments.” 

                                                                                                                         -Erica Covelle

A little work is all it takes to get your property to reach its full potential, and 56 Mystic St is an excellent example of that. This Arlington condo renovation aided in a multiple offer situation, which lead to a sale price that was $41,000 OVER the asking price.   With a few simple fixes, along with our vision and strategy, we were able to bring this condo to its full potential! We were able to put $41,000 more in the sellers pocket as well as get this property off the market in UNDER 7 days. 56 Mystic St sold with a 111% list to ratio price and a thrilled seller!
   
Here’s how the home looked before our renovations and staging:
    Here’s just a snippet of how we transformed this home:      

Hall View

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Kitchen

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Living Room

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Bathroom 

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 Master Bedroom 

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Office

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Home Exterior

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Selling your home? It’s clichéd, but it’s true — you never get a second chance to make a first impression! Don’t leave money on the table. Covelle & Company helps clients sell two times faster for an average of 1.4% percent more. At an average sale price of $600,000, that’s $24,000 more that we help put in our sellers’ pockets! Call us today to learn more about how our exclusive white glove designer service can help you sell your home for top dollar. Contact Us | Covelle & Company | Compass

#BuildHerUp

Why is it that women are hesitant to empower and recognize the accomplishments of other strong, admirable women?  Why do we often feel a sense of failure towards ourselves, and often (although we may not want to admit) a sense of jealousy towards other women when they are praised for their success? The answer and the solution are both very simple. We are afraid that the recognition of other women’s success may take the attention off of our own success, and that our hard work is not being recognized in the same manner.

 

The solution and driving force of this #buildherup campaign are to band women from all different career paths together to praise the accomplishments we are all making on a daily basis, and form a collaboration to share our best practices and ideas.  We want to open the flood gates to a world of opportunities where our ideas can be transferable, regardless of our career.  

 

Ladies, let’s unite and #buildherup. Just because we are strong, doesn’t mean we don’t need support. There is no benefit that comes from tearing each other down. 

 

#BuildHerUp | ERICA COVELLE

Combining her interior design expertise with her passion for sales, Erica Covelle surpasses industry standards, thriving in a competitive environment while raising three children. As the senior vice president of Covelle & Company at Compass, Covelle ensures that her sellers, buyers, property investors, and developers leave every negotiation satisfied with the results. “I’m a fierce negotiator that sets a plan with my clients rather than shooting from the hip,” she explains. “I have a structured way to go about things while being flexible. I handle each client  with care and aim to alleviate their stress by educating them and helping them through any obstacles.” After graduating from the New England School of Art and Design, Covelle worked for DiMella Shaffer, learning valuable skills like producing construction drawings in AutoCAD, building and rendering 3D models in Sketch-up, and producing FF&E schedules for a range of residential and commercial projects. “The experience and knowledge I gained from that part of my career journey go unmatched,” she says.  

Covelle has built an extensive social media following, amassing over 10,000 followers on  Facebook, Instagram, Instastory, LinkedIn, and Twitter combined. “We generate on average an additional 30,000 views on our listings through social media alone,” she says. “We push ads with money behind them and hone in on specific locations and other details that make sense for the particular property we are listing.” Through the years, Covelle has received numerous accolades including the Quality Service  Award, Excellence Award, Titan Award, Centurion Award and entry into the Centurion Honors Society, Chairman’s Club, and Platinum Club. She is a Seniors Real Estate Specialist and a member of the Greater Boston Real Estate Board. Covelle celebrated the birth of her third child in 2018, she feels incredibly blessed to have 3 beautiful healthy children she notes that the secret to her success is driven through the love and support of her understanding and patience husband JR Covelle. 

Help join us #buildherup, if you would like to be apart of our campaign or know someone deserving – contact us today

 

 

 

COVELLE & CO’s Guide to Prepping Your Home for the Market

You may have had selling your home in the back of your mind for a long time, or maybe you’ve just been watching too much HGTV — either way, the time has come to start prepping your home for the market. Though it may seem like a daunting task, if you take it step-by-step, and have COVELLE & COHEN by your side, you’ll have your home ready for the market in no time. We’ve compiled our top 5 CoCo tips for listing your home:

CoCo Tip #1: Declutter

First impressions are everything. You’ll want to start prepping your home for the market by purging, packing, and putting away any unnecessary items. Section off parts of your home and go room by room until you have decluttered every room. Less is more and clutter eats equity!

CoCo Tip #2: Spatial planning

Don’t scare potential buyers away from your space — plan it well! Try incorporating spatial planning by assessing areas of your home and developing plans for furniture layout and decor placement. It’s important to assess the rooms in your home that normally get a lot of traffic first and find ways to maximize their potential space.

CoCo Tip #3: Staging

Staging is one of the most important aspects of getting your home on the market and SOLD. Be sure to stage your home before it hits the market. You want buyers to be able to picture themselves living there. It may be tempting to keep up your favorite decorations or photos of your family, but it is better to depersonalize your home when you are planning to sell.

CoCo Tip #4: Repairing and cleaning

Buyers will quickly know what needs to be fixed, especially if they are requesting a home inspection. Make a list of everything that’s broken or worn out in your home and fix it before putting it on the market. Making minimal improvements such as patching the walls and ceilings, and fixing leaky faucets can make a huge difference to a buyer.

CoCo Tip #5: Curb appeal

When it comes to selling, the exterior of your home is just as important as the interior. This is the real first impression people get of your home. Potential buyers could not even step foot inside the house if they don’t like the way it looks on the outside. Amp up your curb appeal by power washing the siding of your home, painting any trim that needs it, and freshening up your landscaping.

We are here to help! COVELLE & COHEN is a team of professional real estate agents here to sell your home for top dollar. Experience our white glove service and cutting edge strategies firsthand — contact us today.  

5 Tax Breaks Homeowners Should Take Advantage of this Tax Season

Though it may not have been your sole purpose of buying a home — tax breaks are a huge perk of homeownership. According to U.S. News, as many as 19 million taxpayers will benefit from itemized deductions this year. We spoke with Robert Covelle Sr of COVELLE & COVELLE Public Accountants, a firm who specializes in taxes and is certified by the IRS, about how homeowners can benefit this tax season.

Here are 5 tax breaks you should take advantage of:

1. Mortgage Interest

Something every homeowner can count on this tax season: deducting mortgage interest. In other words, you are able to deduct any interest you paid on your residence — up to $1 million in loans. This also includes deducting interest on a refinanced mortgage (with certain debt limitations).

2. State and Local Taxes

Don’t fret — those thousands of dollars you paid for state and local property taxes are actually deductible. As a matter of fact, you can deduct a maximum of $10,000 of your paid total property tax, state income tax, or state/local sales taxes.

3. PMI

Pre-Mortgage Insurance with properties that have less than 20% down is deductible.

4. Rental Property

Rental property often offers larger deductions and tax benefits than most investments. Many of these are overlooked by landlords at tax time. This can make a difference in making a profit or losing money on your real estate venture. If you own a rental property, the IRS allows you to deduct expenses you pay for the upkeep and maintenance of the property, conserving and managing the property, and other expenses deemed necessary and associated with property rental.

5. Energy Tax Credit

Taxpayers who upgrade their homes to make use of renewable energy may be eligible for a tax credit to offset some of the costs. As of the 2018 tax year, the federal government offers the Nonbusiness Energy Property Credit. The credits are good through 2019 and then are reduced each year through the end of 2021. Claim the credits by filing Form 5695 with your tax return.

For more information on how you can benefit this tax season, please contact Robert Covelle Sr at 781-844-2935 or rcovelle@comcast.net.

COVELLE & COVELLE Public Accountants is a firm who specializes in taxes and is certified and approved by the IRS. With over 40 years of experience, COVELLE & COVELLE has prepared more than 10,000 tax returns and has a proven track record. They are dedicated to providing clients with professional and personalized services in a wide range of financial, accounting and tax needs.

 

Behind The Transformation — 56 Brookbridge Road

From the distressed to the daring, every property contains a great deal of potential.  Believe us — small changes make a huge difference when it comes time to sell. Did you know? Average real estate agents will dramatically discount a house based on poor appearance because they, like many buyers, can’t see the transformation possibilities underneath the clutter and outdated decor.

Luckily, our Erica Covelle was born with a gift of making things look fantastic. It’s what she loves most about her job selling real estate, and it’s this talent (and experience as a professional interior designer) that sets her apart from all other agents. She transforms “what it is” to “what it can be,” building equity and setting the scene to achieve top dollar numbers! Intrigued? Buckle up — we’re taking you “Behind the Transformation” at 56 Brookbridge Road in Stoneham.

Here’s how the home looked before our renovations and staging:

56 Brookbridge fit the definition of “lived in,” but loved. An elderly brother and sister lived in this home for many years. They inherited this home from their parents and had been the single owners of this well-cared for home for years. But when the brother fell ill, the sister couldn’t live alone in this big home by herself. The time had come to sell.

The sad reality here is that people think they can take advantage of the elderly, and oftentimes — they succeed.  Neighbors came around offering this family an extremely low price. One even offered as low as $200,000 for a home that we priced at $600,000! We make it our practice to treat every home and family as we would our own. We abide by the golden rule: do unto others as you would have them do unto you.

Erica procured the listing and set forth on a journey to transform this home and bring it from 1970 to 2018. Here’s just a snippet of how we transformed this home:

Kitchen

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  1. Removed dated countertop and backsplash with new and stylish current trends.
  2. Updated the flooring to open up a more neutral space with fresh hardwood flooring.
  3. Replaced the backsplash with a monochromatic tile to widen the space.
  4. Updated center light to act as a focal point of the room.
  5. Changed cabinet knobs to add a golden contemporary finish.

Here are some standout before and after shots from other areas of the home:

Living Room

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Goodbye, blue carpet! Hello hardwood and chic modern decor.

Basement

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A deep clean was in order. Underneath? Untapped space!

Bathroom

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From drab to fab — freshly painted and staged with a new vanity top and hardware.

Master Bedroom

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With brighter furniture, less clutter and a modern feel, this space really opened up.

Home Exterior

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From average home to luxury single family, we pulled off a major transformation.

In the end, we sold this home for more than $600,000! We transformed what was a shabby single-family to a thriving residence for any stylish buyer. With COVELLE & COHEN by her side, this seller MADE MONEY — and avoided potentially leaving $200,000 on the table.

Selling your home? It’s clichéd but it’s true — you never get a second chance to make a first impression! Don’t leave money on the table. COVELLE & COHEN GREATER BOSTON REAL ESTATE helps clients sell two times faster for an average of 1.4 percent more. At an average sale price of $600,000, that’s $24,000 more! Call us today to hear more about our top agents offering an exclusive white glove service: covellecohen.com/contact-us