How 16 Meryton created $725,155 in additional profit
Targeted updates designed to maximize value
New flooring, interior & exterior painting, fireplace enhancement, bedroom refresh, bathrooms refresh, kitchen remodel, hardscape & softscaping, and lighting enhancements.
Before Revive
The homeowners knew the home had more potential, but needed a clear plan to unlock it.
Sellers Jason and Marianne had already acquired their dream home in Utah and were in a hurry to bring their Irvine property to market. The home had high renovation potential and was sure to sell for more if it underwent the right improvements. The owners were very knowledgeable in design and pricing and had recently renovated the wife’s mother’s home in Los Angeles. While they had bids from another trusted local General Contractor, they recognized the value in Revive’s offering: a comprehensive, turnkey process that assured quality, timeliness, and the covering of the upfront costs. With an estimated as-is value between $3.4M to $3.6M, we collaborated with the Owners, Realtor Pegi DiRienzo, and our team to envision and execute a plan that could push the property value beyond the anticipated $4M.
The results speak for themselves.
The renovations were completed in 8 weeks and achieved an overwhelming response during the open house weekend. With the property listed at $4.28M, the owners received 12 offers, all exceeding the asking price. The property sold for $4.7M, increasing equity by $1.3M.
Home value increased by $1,050,000
$3,650,000
As-is price
Purchase price
$324,845
Renovations
$4,700,000
Sales price
Resale price
$725,155
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.