$950,000

As-is price

$132,524

Renovations

$1,265,000

Sales price

$182,477

Profit

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Scope of work

New flooring, baseboard & trim, interior painting, bathrooms refresh, kitchen remodel, fireplace refresh, laundry room enhancement, lightings, and staging.

Before & After's

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.