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What I learned from The Property Brothers Live Seminar

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Wheatland Realty Agent Nicole Tudisco talks about her day with HGTV’s Property Brothers!

HGTV’s The Property Brothers were recently in Chicago for a private intensive three hour workshop, so I was really excited to be part of this.  The workshop was full of great tips and tons of information.

Just in case you aren’t familiar with the boys, here’s what to you need to know about The Property Brothers.  They are determined to help couples find, buy and transform extreme fixer-uppers into the ultimate dream home, and since it’s hard to see beyond a dated property’s shortcomings, they use state-of-the-art CGI to reveal their vision of the future.

Here’s what you probably do not know! Jonathan and Drew both wanted to be actors, but got into real estate so they would not end-up starving actors. They were discovered in 2004 when they auditioned for a proposed reality TV show called Realtor Idol.  As you can guess, that show never happened but The Property Brothers was born!

Now that we have their background out of the way, here is what I came away with:

Every room needs a feature! For instance, what draws your eye in the room? Or better yet, what should draw your eye? Is it a fireplace, kitchen cabinets, an accent wall? Make it pop, make it perfect!

 

Do it right the first time!  Don’t cut corners, as initial market time is crucial and buyers notice when your home is neglected. Don’t hurry through repairs, because it will reflect as a deeper cut on your offer than if you just did it right out the gate.

 

Know when to hire a pro!  May it be a realtor, plumber, inspector , architect, attorney, etc… You are probably not an expert, so hiring a pro can save you big headaches later. This is not the place to cheap out!!

 

Get locals involved!  Know a local contractor? They are a great resource for information. They know people, they know the areas and they can give invaluable insight

 

Don’t paint the whole house beige, it’s boring!  Ok, on this one I TOTALLY DISAGREE!  Beige is a warm neutral color that you can dress up with furniture and/or décor.  I do agree that the last thing you should have is all white!  On that point, I am 100% on board!

 

Research financing!  There are still good creative financing possibilities, so explore your options. The Property Brothers bought their first home at the age of 18 with a “vendor take back mortgage” in Canada.  They ended up selling it a year later, after renovations, for a profit of $50,000!

I would love to hear your input on these tips!  What do you think?

As always, I wish you the best!

Nicole

www.teamtudisco.com

 

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