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PORTFOLIO

DiPetrillo Properties Portfolio

The Lifestyle You Deserve  |  Dipetrillo Properties  |  Since 1999

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Client Projects of All Measures…

Kitchen Remodel

Kitchen Remodel with Expansion for The Professional Chef

Attleboro, MA

Kitchen remodeling is one of our specialties. We are set not only with design and construction, but we offer our clients interior decorating and assistance with furniture making as well. This project was comprised of all our services – right down to custom cabinetry built within the woodshop. Working hand to hand with our clients, our consultation and guidance allowed them to view not only onsite construction, but also the actual fabrication of their cabinetry from a raw sheet of wood to the desired color choice application of their stain. Focused on a European-French traditional theme, slightly incorporating elegancy allowed for this once closed in kitchen off a living room quarters to become a full entertaining great room allowing all your guests to participate from any angle of choice. This spectacular design, was personalized for Chef Thomas!

Property “Spec” Home

Property “Spec” Home – Investment into Construction

Providence, RI

A “Spec” home tells you exactly what you are trying to achieve – You are speculating that you will Develop and Sell to a Consumer. Just because you are able to sell a design constructed home in one area, it is not always the same sale price just a few streets down. We purchased land in two locations in providence, both were raw land. One area was a single lot, where the mathematics was simple: buy land, pull permits, build house and sell to “speculated” buyer based on area comps. Our ROI - $80,000.00. Running simultaneously we purchased a lot that was able to split into two, only $20,000 more invested for land. After preparing, filing and receiving approval with zoning we began construction of the same design. One house sold for $72,000.00 ROI and the other for $55,000.00 ROI. Why? The sale was 3 months apart and the economical trend took part within consumer’s emotions on their decision to purchase and own a home. If one was to assume all three to be the same $240,000 combined (selling all for $80k ROI), the actual was $207k ROI. Obviously still a great 12 month return, but never always the same which reinforces the term Speculation.

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