$395,000

As-is price

$60,000

Renovations

$575,000

Sales price

$120,000

Profit

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Scope of work

New flooring, interior painting, kitchen and bathroom remodeled.

Before & After

Summary

This home was an investment flip for its owner. The buyer saw an opportunity to take it from its outdated and rundown version and renovate it to make it a move-in-ready. The home in as-is condition was valued at $395,000. With a reno budget of $60,000 put into the home, its owner was able to sell for $575,000, netting an additional $120,000 in profit (after the cost of renovations were paid back from escrow), and it was done in only 6 weeks