Couple hammering down slow housing market

June 16, 2011 1:49:04 PM PDT
Despite small signs of economic growth, the housing market remains one area that continues to struggle.However, one local couple is defying the odds and turning homes for a profit despite the economy.

Nick and Victoria Broccolo are a husband and wife team who now make their living buying, fixing up and selling old homes.

"When a potential buyer walks into the house they can get the sense that it's an old house, but it's been renovated and its soul has been brought back, kind of like 'This Old House' but on a realistic budget," Victoria Broccolo said.

In the past four years since they started their business - Renovision Properties, LLC - they've taken 15 homes and fixed them up from the inside out.

The Broccolo's most recent finished product, a Durham bungalow, has already found a homeowner.

"I think it has a lot of character and I think it's really neat to kind of make what was old new again," Will Dudenhausen said.

The Broccolos say they are able to make it work, by playing to their strengths - Victoria covers the design aspect and Nick uses his architectural and construction background to focus on the nuts and bolts of the operation.

"So if the house has had the old columns replaced, we bring that back, with 'what would we need to make it look historically accurate again,'" Victoria Broccolo said.

The Broccolos credit their upbringing with hardworking immigrant parents for part of their success. They also say they have built a reputation with local realtors for doing quality work at an affordable price.

"I was born into it," Nick Broccolo added. "My dad came to America from Italy, in 1965. He worked as a mason during the day and washed dishes at night. Ever since I was six I wanted to be dad, and I forced him to take me on job sites with him. We don't try to exploit these houses, we love what we do, and we are not trying to exploit the prospective homebuyers, we're trying to give them as much as we possibly can for the house that they're buying."

As they continue to transform homes one after another, they are selling them just as quickly.

"I think that's why we've been able to weather this market, because these houses are small, but they're perfect for first time home buyers, they're in great neighborhoods that are increasingly becoming desirable," Victoria Broccolo said.

In the meantime, their latest project unfortunately burned down after they already started doing some framing, but they say they are not letting that stop them.

They say they are just going to rebuild from the ground up and when they're done in three to four months, it will look pretty close to the original.

"We want them to have the same love of the house they're buying as we do for fixing it for them," Nick Broccolo said.

For more information about Renovision Properties, LLC visit

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