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

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 — 201 Franklin Street in Stoneham

We’ve said it before, and we’ll say it again — staged homes sell faster and for more money! In fact, your average realtors 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.

It takes creative vision like that of our very own realtor and interior designer to transform “what it is” to “what it can be,” setting the scene to achieve top dollar numbers!

You’ll be amazed to see what a little face lift can do for a home. That’s why we’re introducing our new series, “Behind the Transformation,” where we’ll show you how COVELLE & COHEN can make your home a 10 and ultimately sell for thousands more.

201 Franklin Street

Another realtor in the area priced 201 Franklin Street at $350,000 after seeing it as it is in these photos.

After these sellers sought our help, we provided them with a staging consultation report. Here’s a snippet of it:

Kitchen

  1. Remove all items off countertops with the exception of a few pieces.
  2. Remove table in the kitchen and replace with the white island and the two stools too
  3. Paint our neutral shade selected for the entire first floor
  4. Paint cabinets Super White BM in a semi gloss finish
  5. Replace cabinet hardware
  6. Price out granite countertops with Brazusa Stone. We will ask them to provide an overhang to support extra stool for a breakfast bar.

We suggested paint and small aesthetic changes in every room. Because our professional strategies are tried, tested, and streamlined, we quickly arranged with our preferred vendors and trusted partners to stage this home to sell fast. We put these sellers in touch with the best in the biz — a professional house cleaner, a handyman, purveyors, and more. Here’s the finished result:

Here are a few standout before and after shots:

Kitchen

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Entryway

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Bathroom

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Deck Entrance

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In the end, we priced this two bedroom house at $450,000 — $100,000 more than the other realtor, and it sold for $490,000! That’s $140,000 more in this seller’s pocket and case in point that both staging and professional photography are a must.

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  

Selling Your Home Takes More Than Luck: 4 Reasons to Hire a Pro

Selling your home takes more than luck — hire Covelle & Cohen Greater Boston Real Estate.

Why not FSBO? Any realtor will tell you that for-sale-by-owner when selling your home is a risky move, one that ultimately costs you both your time and money. It goes without saying, but selling a home is a lot of work! From the paperwork to the negotiations, here’s why you might want to leave the heavy lifting to us.

1. We have the experience to close the deal. 

We’re a team of seasoned realtors with tenure and experience coupled with talent and originality. We offer proven success! As skilled negotiators, we can get you the best possible terms and price for your property in the shortest amount of time. We’ll help you avoid all the many pitfalls you could face when trying to sell your home, ultimately saving you time and getting you the best price possible. After inspection, our team will expertly navigate any negotiations that may arise. As we come closer to the actual closing date, we’ll handle all the critical documents for you, including but not limited to smoke and carbon alarm inspections, final utility readings, and Title V regulations. While we handle the paperwork, you pack those bags!

2. We have connections in the industry you’ll need.

Our team develops a strategy with our clients to lead successful broker open houses, commuter tours, public open houses as well as exclusive invitation events and daily agent showings. We strongly recommend hiring an experienced real estate attorney to assist in your transaction. We’re happy to connect you to one of our many preferred and trusted attorneys with whom we’ve conducted business before. Planning a huge move? We work globally with major companies who transfer employees and have a full-time relocation department. We also have partnerships with reputable moving companies, home inspectors, electricians, and plumbers in the area, saving you time and headache.

3. We guide you through professional staging.

In an image-driven society, it’s the image we create that drives the sale. We happily offer a home staging consultation to make it impossible for buyers not to fall in love! Staging your home gets it sold faster and for more money.

4. We build a custom marketing plan. 

Our goal is to create a vision that begins with the subconscious, through a strong online presence and creative marketing efforts. From professional photography to custom email marketing, open house brochures, exclusive property videos, and social media advertising, we pull out all the stops to get as many eyeballs on your listing as possible. That’s something that can’t be said for every realtor!

Contact Covelle & Cohen today for help selling your home: info@covellecohen.com