![$1,050,000](https://cdn.prod.website-files.com/614638d232367a729da19f74/6392ce08e9d57122ad04b015_Professional%20Guidance%20-%20white%404x.webp)
As-is price
![$205,568](https://cdn.prod.website-files.com/614638d232367a729da19f74/6392ce0910990de34ffa5a60_rENOVATION%20INSIGHT%20-%20WHITE%404x.webp)
Renovations
![$1,525,000](https://cdn.prod.website-files.com/614638d232367a729da19f74/6392ce0910990d73e0fa5a61_Built%20Around%20time%20-%20white%404x.webp)
Sales price
![$269,432](https://cdn.prod.website-files.com/614638d232367a729da19f74/6396be80c92e139fe0a5ef1e_Money%20out%20of%20pocket%404x.webp)
Profit
Scope of work
Flooring, interior & exterior painting, new windows installed, wallpaper removal, baseboard & trim, living room & dining room open concept, bathroom refresh, kitchen remodel and new appliances installed, electrical full home rewire, and lighting enhancements
Before & After
Summary
Agent Justin Hedemark of Helm Real Estate and Revive Property Advisor Jon Salas partnered together to take on a pretty big challenge: renovating a home under a reverse mortgage with the trustee residing out of state and concerned about income and the renovation process. Knowing a lot was on the line, Justin and Jon put together a renovation plan that focused on value-enhancing upgrades that included new flooring, interior and exterior painting, the installation of new windows, wallpaper removal, and the creation of an open-concept living and dining area. Additionally, the bathroom and kitchen were thoroughly remodeled, new appliances were installed, the home was fully rewired, and lighting enhancements were made.
With a renovation investment of $205,568, fronted interest-free by Revive, the property's value jumped from an as-is price of $1,050,000 to a final sale price of $1,525,000, resulting in a profit of $269,432 and a project ROI of 131.07%. The home improvements not only increased Justin’s commission by 45.24% but also offered his client a lucrative resolution to her financial concerns, delivering a stress-free and profitable outcome for the seller.