$785,000

As-is price

Purchase price

$107,140

Renovations

$915,000

Sales price

Resale price

$22,860

Profit

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Scope of work

Flooring, baseboard & trim, interior painting, bathroom refresh, kitchen refresh, new kitchen appliances installation, skim coat ceiling, and lighting enhancements.

Before & After

Summary

Property Advisor Andrew Howard and agent Adela Buzali from Compass worked together to navigate the complexities of renovating a tenant-occupied property, aiming to maximize its market appeal for a summer sale. With the owners, Alberto and Lilia, residing in Mexico City, and their son Alex coordinating from afar, the team got started on renovations that included new flooring, interior painting, a skim coat for the ceiling, updated baseboards and trim, a bathroom refresh, a kitchen overhaul with new appliances, and enhanced lighting. The renovations totaled $107,140, fronted interest-free by Revive, and took the property from an original as-is value of $785,000 to selling for $915,000, netting the owners a profit of $22,860 and achieving an ROI of 21.34%. The project not only led to a 16.56% increase in commission for Adela Buzali, who was navigating her first home concierge service but also showcased the benefits of well-thought-out pre-sale renovations and the importance of working with the right partner.