$2,800,000

As-is price

Purchase price

$195,965

Renovations

$3,475,000

Sales price

Resale price

$479,035

Profit

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Scope of work

New flooring, landscaping, interior & exterior painting, baseboard & trim, door enhancement, bathrooms enhancement, kitchen refresh, lightings, and landscaping.

Before & After

Summary

This 4bd/2.5ba rental in Manhattan Beach was getting ready to hit the market, but it had been 15 years since any renovation work had been done on the kitchen, and even longer for the bathrooms in the house. Realtor Colleen Hartley knew her clients could increase the value of their property if they put some money into renovations. With Revive as her partner, Colleen was able to get her clients the money they needed to make the upgrades and it cost them nothing out-of-pocket, plus they were given a custom plan and design that was rooted in ROI, and Revive handled the communication between Colleen, her clients, and the contractor. The home’s value increased by $675,000 and the money that was fronted for renovations was paid back out of escrow. Colleen’s clients increased their ROI by 244.45% and maximized their rental’s equity.