Renovation Success on Fossett Rd

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment in Guntersville.

Purchase price: $135,000
Cash invested: $35,417
Sale price: $229,900

Contributors:
Peter Vekselman

Partner Driven partnered with Preston Moore on a renovation project in Guntersville, Alabama. The property on Fossett Rd was purchased for $135,000 and improved with $35,417 in renovations before selling for $229,900. This project demonstrates how targeted upgrades and disciplined execution can significantly improve a property's market position.

What made you interested in investing in this type of deal?

The property offered a strong balance between acquisition cost and renovation scope. It had solid fundamentals and the potential to benefit from strategic improvements without requiring an extensive overhaul. Combined with steady buyer demand in the area, it presented a compelling value-add opportunity.

How did you find this deal and how did you negotiate it?

Preston identified the property through local outreach and recognized its potential early in the process. The seller was motivated to sell as-is, allowing negotiations to remain straightforward. By moving quickly and securing favorable terms, the project was positioned for a successful renovation from the start.

How did you finance this deal?

Partner Driven funded 100% of the purchase and renovation, covering both the $135,000 acquisition and the $35,417 rehab budget. This allowed the project to move forward without personal capital exposure while keeping the focus on execution and resale strategy.

How did you add value to the deal?

Value was created through targeted improvements that enhanced both functionality and appearance. Updates focused on key areas that buyers notice most, helping the home compete effectively in the local market while maintaining a disciplined renovation budget.

What was the outcome?

The property sold for $229,900 after renovations were completed. The final result reflected the effectiveness of the improvement strategy and the demand for updated homes in the Guntersville market. The project successfully transformed the property into a desirable resale opportunity.

Lessons learned? Challenges?

This deal reinforced the value of focusing on strategic improvements rather than unnecessary upgrades. Careful budgeting, market awareness, and consistent project oversight helped keep the renovation aligned with buyer expectations. The takeaway was that disciplined execution often delivers the strongest results.