![$950,000](https://cdn.prod.website-files.com/614638d232367a729da19f74/6392ce08e9d57122ad04b015_Professional%20Guidance%20-%20white%404x.webp)
As-is price
![$132,524](https://cdn.prod.website-files.com/614638d232367a729da19f74/6392ce0910990de34ffa5a60_rENOVATION%20INSIGHT%20-%20WHITE%404x.webp)
Renovations
![$1,265,000](https://cdn.prod.website-files.com/614638d232367a729da19f74/6392ce0910990d73e0fa5a61_Built%20Around%20time%20-%20white%404x.webp)
Sales price
![$182,477](https://cdn.prod.website-files.com/614638d232367a729da19f74/6396be80c92e139fe0a5ef1e_Money%20out%20of%20pocket%404x.webp)
Profit
Scope of work
New flooring, baseboard & trim, interior painting, bathrooms refresh, kitchen remodel, fireplace refresh, laundry room enhancement, lightings, and staging.
Before & After
Summary
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.
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.