How 240 Eliseo Dr created $635,832 in additional profit
Targeted updates designed to maximize value
Flooring, baseboard & trim, exterior deck repair, doors & windows installation, interior painting, wallpaper removal, bathroom remodel, kitchen remodel & new appliances package, fireplace enhancement, and garage enhancement.
Before Revive
The homeowners knew the home had more potential, but needed a clear plan to unlock it.
Compass agent Dana Williams sellers were unsure whether to sell their property as-is or invest in a remodel, but they were clear about wanting to avoid delays and minimize stress. Dana thought a good solution to help his client’s avoid those two things was to partner with Revive. Dana and Revive Property Advisor Steven Feeko, worked together to develop a renovation plan that would maximize the home's value. With a budget of $214,168, all fronted interest-free by Revive, Revive’s team of contractors got to work on new flooring, updating the baseboards and trim, repairing the exterior deck, splashing on a new coat of interior paint, and installing new doors and windows. The team also tackled wallpaper removal, remodeled the bathrooms and kitchen (complete with a new appliances package), and enhanced the fireplace and garage. Dana's and Steven’s attention to detail and the team’s weekly progress updates helped keep the project on track, allowing the homeowners to focus on other matters.
The results speak for themselves.
The results paid off—with the property selling for $2,400,000, an astounding $850,000 over its as-is value of $1,550,000 and generated a jaw-dropping net profit of $635,832 for Dana’s clients, equating to a 296.88% return on investment. Dana's dedication to his clients' success not only delivered a stress-free selling experience but also increased his commission by 54.84%! This project highlighted the importance of having a supportive agent, the right team, and the right plan in place for renovations to achieve maximum value when selling your home.
Home value increased by $850,000
$1,550,000
As-is price
Purchase price
$214,168
Renovations
$2,400,000
Sales price
Resale price
$635,832
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.