Located on the north shore of Lake Tahoe, Incline Village, Nevada offers some of the most expensive real estate in the country. This is a great place to live if you are adventurous and want to have a home where you can enjoy the great surroundings. Close to ski resorts, beaches and hiking trails, this area is a paradise for people with an active lifestyle.
The idyllic location may be the main reason this four-bedroom mountain home sold for more than three times what the original owners paid. The downtown condominium with excellent pedestrian access was purchased for $410,000 in 2016. The owners renovated it and then put it up for sale in April 2022 for $1,395,000. A month later, it was sold for a whopping $1.5 million.
While the location is certainly part of this home’s appeal, retrofits to its retro interiors have also helped attract buyers willing to pay a premium.
Below you can see the house before and after the renovation, as well as the views of our experts as they discuss the design changes and thoughtful scene selection that helped sell this prime property.
The dark wood of the old kitchen and the dull color palette make it lifeless and claustrophobic. Renovation expands the space, makes it bigger and more individual.
In addition to opening the kitchen into the living room, the previous owners added vertical space by raising the ceiling.
“We’ve all seen enough HGTV to know that most people like the open concept,” says Deb Tomaro, owner of the Deb Tomaro real estate agency in Indiana. “No one likes to feel like they are stuck in the kitchen while others are relaxing in the living room. Combining the two rooms facilitates the exchange of experience.”
Lauren Carrollsenior vice president of Residential Real Estate Solutions in Brooklyn, Massachusetts, notes that new appliances are another notable addition to this bright and airy space.
The dining room, which once seemed like a completely separate space, is now an extension of the kitchen.
“The same floor covering on the entire main level creates a connection between all the main rooms,” says Tomaro. “And no one likes carpet in the dining room.”
Parquet flooring is also easier to keep clean, which is very important in a dining area.
Also, keeping the unique octagonal window was a smart decision, which helps to make the room more interesting and let in a lot of light.
Tomaro notes that the light colors and brightness of the renovation make the house feel clean without straying into the clinical.
“My advice to all my sellers is that even if you don’t have the funds for pre-sale renovations, maximize the natural light in the home and give it a deep clean – like brushing the corners with a toothbrush. cleanliness is the key,” says Tomaro.
You can leave money on the table if your house seems dark and too lived-in to the sellers.
Carroll notes that keeping and tidying up the gas fireplace and skylight also adds value to the room.
Simple touches and clever staging make the bedroom an attractive backdrop to the rest of the home. New hardwood floors, clean white walls, trendy upholstery and classic furnishings give buyers a taste of what’s in store for their cozy new bedroom.
“Overall, we found that buyers are willing to pay big bucks if they don’t feel like they need to do something cosmetic to the home,” says Tomaro.
And this space is no exception.
“Probably 95% of the time, if I show a buyer two houses, one that has been renovated and one that is lower priced but needs updating, they will choose the updated one,” she says. “It’s just less stress.”
A complete makeover brings this outdated bathroom into the modern era. Gone are the ugly brown, mottled tiles.
“White bathroom tile and gray countertops are always welcome,” says Carroll.
Painting the door white also helps brighten up the space and make it feel more like a spa. The overall result is a cleaner look with a broad appeal.