How 1300 Clay St created $182,477 in additional profit
Targeted updates designed to maximize value
New flooring, baseboard & trim, interior painting, bathrooms refresh, kitchen remodel, fireplace refresh, laundry room enhancement, lightings, and staging.
Before Revive
The homeowners knew the home had more potential, but needed a clear plan to unlock it.
Agent Regan Beegle and property advisor Steven Feeko teamed up to revitalize a client's income property at 1300 Clay St, Newport Beach, managed by Times Real Estate. Initially valued at $950,000, this tenant-occupied home, in a prime but maintenance-heavy location, needed significant upgrades, especially due to pet-related wear and tear.
The results speak for themselves.
With a renovation budget of $132,524 targeting key areas such as hardwood flooring, bathroom updates, and a full kitchen remodel, the property's market appeal significantly increased. The enhancements propelled the sale price to $1,265,000, garnering a profit of $182,477. This overhaul boosted the property's value by an impressive 137.69% ROI and elevated the commission by 33.16%, illustrating the power of partnership agents have when utilizing a pre-sale renovation partner to enhance both property value and agent commission.
$950,000
As-is price
Purchase price
$132,524
Renovations
$1,265,000
Sales price
Resale price
$182,477
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.