$1,200,000

As-is price

Purchase price

$235,865

Renovations

$1,725,000

Sales price

Resale price

$289,135

Profit

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Scope of work

New flooring, baseboard & trim, installed new roof, exterior & interior painting, fireplace enhancement, doors replacement, kitchen remodel, bathroom refresh, lighting enhancements and landscaping.

Before & After

Summary

This 3bd/2ba home in Campbell, CA, was an inherited property stuck in the past. The homeowner’s father was a licensed GC for 40 years, and while he could have assisted his daughter with renovation guidance, they were both now living in San Diego, and neither wanted to manage the project remotely. Since the home was in its original condition, the seller’s agent knew some updates had to be made for the property to sell for its true value. Agent Chanel Arreola introduced her client to her pre-sale sale renovation partner, Revive. Revive ultimately fronted $235,865 to cover the cost of renovations and handled scoping, budgeting, material sourcing, and communication between Chanel, her client, and the contractor. After upgrades were made, the home sold for $1,725,000, netting Chanel’s client $289,135 in additional profit. Thanks to Chanel’s recommendation, her client was able to avoid missing out on hundreds of thousands of dollars in built equity, and Chanel made more in commission.