$2,700,000

As-is price

$500,715

Renovations

$3,400,000

Sales price

$199,286

Profit

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Scope of work

Flooring, baseboard & trim, interior & exterior painting, bathroom remodel, kitchen remodel, lightings, and staging.

Before & After

Summary

Roy Osorio, an agent with Coldwell Banker Realty, recently partnered with homeowners who had experience in flips and ground-up builds. The homeowners, who were in the middle of closing on another property, wanted to maximize the value of their current home in San Clemente, CA. Although they initially believed they could handle the renovations themselves with a budget of $250,000, they quickly recognized the value in having Roy and his team execute and manage the renovations. Working alongside Revive Property Advisor Luke Gutierrez, Roy developed a renovation plan that only focused on strategic renovations to increase the home's value and appeal. The cost of renovations totaled $500,715 which included new flooring, updated baseboards and trim, fresh interior and exterior paint, remodeled bathrooms and kitchen, enhanced lighting, and professional staging to give the home that extra ‘wow’ factor.

Roy's understanding of the local market and his commitment to his clients' success really helped drive the project forward on all ends and allowed his clients to focus more on their move and settling into their new home. The renovations paid off dividends, with the property selling for $3,400,000 – $700,000 over it’s as-is value, resulting in a profit of $199,286 for his sellers. Roy's first experience working with Revive not only increased his commission by 26% but also showed him the benefit of strategic renovations for both his clients financial, and personal, happiness and success.