$1,500,000

As-is price

Purchase price

$255,141

Renovations

$2,045,000

Sales price

Resale price

$289,859

Profit

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Scope of work

New flooring, exterior & interior painting, baseboard & trim, bathroom remodel, kitchen remodel, curb appeal & wood repair, lightings and landscaping.

Before & After

Summary

In a recent pre-sale renovation success, Coldwell Banker Realty agent Robin Stelle partnered with Revive property advisor Amanda Steele to revamp a dated 1980s property at 3465 Rio Road in Carmel. Homeowners Sally and Dave decided to move closer to their family in Ohio, and were ready to put their $1,500,000 valued home on the market, but it needed some updates. Revive fronted $255,141 in renovations, focusing on a fresh coat of paint, deck remodeling, and master bathroom overhaul, among other things – and the efforts paid off tenfold! The upgrades brought the sale price to $2,045,000 and garnered the sellers a profit of $289,859. This project not only achieved 113.61% ROI but also increased the Robin’s commission by 36.33%, showcasing the lucrative potential of targeted renovations prior to selling.