How 1867 39th Ave created $269,432 in additional profit
Targeted updates designed to maximize value
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 Revive
The homeowners knew the home had more potential, but needed a clear plan to unlock it.
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.
The results speak for themselves.
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.
Home value increased by $475,000
$1,050,000
As-is price
Purchase price
$205,568
Renovations
$1,525,000
Sales price
Resale price
$269,432
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.