The homeowners knew the home had more potential, but needed a clear plan to unlock it.
Realtor Michelle Ochoa was looking for some guidance in undertaking a personal and professional project by renovating her own home in Plano, TX, before a move to Colorado due to her husband’s job change. Partnering with Property Advisor Jon Salas, Michelle was guided through which renovations were going to provide the most value when selling the home. With a budget of $59,578 in place, fronted interest-free by Revive, Revive’s team of contractors got started on a remodel of the primary bathroom, refreshes of the powder and guest bathrooms, and enhancements to both the interior and exterior lighting and paint. The renovations boosted the property's value, achieving a $1,076,000 sale price and netting Michelle $166,422 in profit. For Michelle, this project not only aided with her family's move but also resulted in a 279.33% ROI.
The results speak for themselves.
Home value increased by $226,000
$850,000
As-is price
Purchase price
$59,578
Renovations
$1,076,000
Sales price
Resale price
$166,422
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.