$885,000

As-is price

Purchase price

$246,241

Renovations

$1,192,000

Sales price

Resale price

$60,759

Profit

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Scope of work

Flooring, baseboards & trim, balcony, interior & exterior painting, fireplace refresh, bathroom remodel, kitchen remodel, staircase refresh, basement wall panel removal, lighting enhancements, and staging.

Before & After

Summary

Keller Williams agent Derek Stevens had a listing that was close to his heart. Leading the charge on rejuvenating his uncle Lester’s property in Los Angeles, he decided it was best to team up with a partner to help the process go as smoothly as possible. Working with Revive Property Advisor Danisa Peralta, Derek was able to navigate through which renovations would help his uncle yield the most money possible. With a renovation budget of $246,241, fronted fully by Revive, improvements were made to fix up the home. New flooring, baseboards, a balcony refurbishment, painting, and updates to the kitchen, bathrooms, and lighting brought life back to the home. The fresh look helped take the home from an as-is valuation of $885,000 to selling for $1,192,000. The renovations helped net $60,759 for Lester, while Derek saw a 34.69% increase in his commission. The project yielded a 24.67% ROI and resulted in a win-win outcome for Derek and his uncle.