$5,500,000

As-is price

Purchase price

$310,651

Renovations

$6,300,000

Sales price

Resale price

$489,349

Profit

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Scope of work

Interior painting, staircase & upstairs railing, bathroom remodel, and kitchen remodel.

Before & After

Summary

Compass agent Kevin Pluimer and Property Advisor Amanda Steele partnered together on a property in Palos Verdes Peninsula. This luxury estate, previously stagnant on the market for over a year through multiple listings, was given new life through Kevin’s strategic approach of offering both design guidance and capital to help modernize the home.

The renovations involved high-impact updates including a chic kitchen overhaul, full bathroom remodel, fresh interior painting, and elegant updates to the staircase and railings. Revive fronted $310,651 interest-free to not only breathe new life into the home but also elevate its market value from $5,500,000 to $6,300,000, securing a profit of $489,349 for the owners, who were looking to downsize from the large family home they had cherished for the past 15 years. Kevin’s real estate expertise, combined with the right renovation improvements, help increased his commission by 15% and net a project ROI of 158%, a great example of how the right renovations, even on luxury properties, can secure maximum returns for both homeowners and agents alike.