The homeowners knew the home had more potential, but needed a clear plan to unlock it.
Agent Marc J. Robinson of Keller Williams Beverly Hills and Revive Property Advisor Steven Feeko partnered together to overcome some property challenges they faced at an LA listing. Despite its prime location and significant equity, the seller was burdened by a red tag due to unpermitted work, and the team had to navigate through other challenging complexities to prepare the home for sale.
The results speak for themselves.
With the homeowner in need of a quick sale but lacking the necessary funds for repairs, he and his agent turned to Revive to help front $235,997 worth of renovations, interest-free, that included updates to flooring, interior and exterior painting, deck and door enhancement, as well as comprehensive bathroom and kitchen remodels, helping bring the property up to code and highlighting its full potential. The well-executed renovations increased the property's market appeal, leading to a sale price of $1,800,000 and securing a profit of $364,003 for the homeowner. The project yielded an ROI of 154.24% and resulted in a 50% increase in commission for Marc, along with a very happy client.
Home value increased by $600,000
$1,200,000
As-is price
Purchase price
$235,997
Renovations
$1,800,000
Sales price
Resale price
$364,003
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.
