$400,000

As-is price

Purchase price

$153,734

Renovations

$710,000

Sales price

Resale price

$156,266

Profit

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Scope of work

New flooring, roof repairs, interior & exterior painting, popcorn ceiling removal, baseboard & trim, bathroom remodel, kitchen refresh & new countertops, and lighting enhancements.

Before & After

Summary

Agent Meredith Orf with Realty Austin, teamed up with Revive Property Advisor Luke Gutierrez to unlock the full potential of her listing at 3010 Sesbania Dr, located in Austin, TX. Meredith’s client, Jennifer W., faced the dilemma of selling her Austin-based property as-is or seeking alternatives, like selling to an investor. Jennifer was leaning towards selling the property as-is, particularly given the rise in property taxes and the inconvenience of managing a property remotely from Houston. However, the initial as-is valuation was pegged at $400,000, which would not optimize her investment. Recognizing the untapped potential in the property, Property Advisor Luke Gutierrez and Realtor Meredith Orf came up with a renovation approach. The idea was not merely to refurbish but to significantly enhance the property’s appeal and value. With a budget allocation of $153,734, the property underwent substantial upgrades that transformed it into a prime real estate commodity that would appeal to modern buyers. When renovations were complete, the home went on the market and sold for an astounding $710,000. This sale translated to a profit increase of $156,266. Beyond the direct profit for Meredith’s client, the renovation led to a 77.50% increase in commission for Meredith and yield a 101.65% return.