The homeowners knew the home had more potential, but needed a clear plan to unlock it.
Compass agent Peter Caspersen, along with the support of Revive Property Advisor Jameson Hanson, quickly executed the renovation and sale of a rental property at 1137 Pacifica Pl, in Encinitas, CA. The out-of-state homeowner, familiar with the San Diego market, was looking to sell their property to finance another purchase. Despite the home's decent condition, Revive fronted $37,200 worth of strategic renovations to make it modern and turnkey.
The results speak for themselves.
All improvements were completed within an astonishing 10-day window and helped take the property's value from $1,300,000 to $1,451,000, resulting in a profit of $113,800 for the seller, an 11.62% increase in commission for Peter and an impressive ROI of 305.91%, demonstrating the incredible improvements that can be made by working with the right partners.
Home value increased by $151,000
$1,300,000
As-is price
Purchase price
$37,200
Renovations
$1,451,000
Sales price
Resale price
$113,800
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.
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