From Vacant to Vibrant

Blog Cuyahoga Land Bank Newsletter Happy Homeowner

From Vacant to Vibrant

Boris Gringauz has been buying and renovating Cuyahoga Land Bank Homes for years. As owner of Monocle Go, a full-service property management and residential real estate construction and consulting firm in Cleveland, he appreciates the opportunity to buy homes needing a little TLC at a bargain price from the Land Bank. “The first property I redeveloped I purchased from the Cuyahoga Land Bank in 2015,” says Boris.

Boris, who moved to Cleveland in 2011 to work in corporate finance, is finishing his most recent home renovation – a three-bedroom, one-bath Cape Cod-style home in Maple Heights he purchased through the Cuyahoga Land Bank’s Deed-in-Escrow program, in which the deed to the property is held “in escrow” by the Land Bank until all renovations are complete and have passed a final inspection.

Boris and his team at Monocle Go performed all the renovations, including installing a new roof, all new windows, and new HVAC, electrical and plumbing systems. “We also completely renovated the kitchen and bathroom,” says Boris. “It is now a true gourmet kitchen with beautiful cabinetry and light fixtures. There’s a large basement and backyard. It’s like a brand-new house!”

Boris plans to list the renovated house for sale in the hopes of selling it to a first-time home buyer. He is proud to have played a role in revitalizing the community and creating a beautiful home for a new family to enjoy.

“I would absolutely recommend the Land Bank’s Deed-in-Escrow Program,” says Boris. “But I caution people not to get in over their heads with the renovations. Sometimes bigger renovation jobs should be left to a professional.”

Boris’ story is a testament to the power of renovation and the potential of land bank properties. With a bit of vision and a lot of hard work, these neglected homes can be transformed into vibrant and valuable assets for the community.

Take a look at some before and after renovation photos.