$395,000

As-is price

$60,000

Renovations

$575,000

Sales price

$120,000

Profit

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Scope of work

New flooring, interior painting, kitchen and bathroom remodeled.

Before & After's

Summary

This home was an investment flip for its owner. The buyer saw an opportunity to take it from its outdated and rundown version and renovate it to make it a move-in-ready. The home in as-is condition was valued at $395,000. With a reno budget of $60,000 put into the home, its owner was able to sell for $575,000, netting an additional $120,000 in profit (after the cost of renovations were paid back from escrow), and it was done in only 6 weeks