$2,300,000

As-is price

Purchase price

$313,140

Renovations

$3,000,000

Sales price

Resale price

$386,860

Profit

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Scope of work

Flooring, exterior & interior painting, baseboard & trim, staircase enhancement, wet bar remodel, kitchen remodel - open concept, bathroom remodel, lighting enhancement, fireplace enhancement, and staging.

Before & After

Summary

When agent Mary Murphy first met her client, a paint contractor living in San Mateo, CA, she knew there was untapped potential in his property. With the help of Revive Property Advisor Amanda Steele, Mary crafted a renovation plan to help maximize the home's value and get it ‘buyer-ready’. The renovation totaled $313,140, which included new flooring, fresh paint to the exterior, new baseboards and trim, a wet bar remodel, an open-concept kitchen remodel and bathroom upgrade, as well as upgraded lighting, a fireplace enhancement, and staging that helped made the ‘new’ home shine in it’s best light. Revive fronted the entire cost of renovations, costing Mary’s client zero out-of-pocket. When the property hit the market, it sold for $3,000,000 – $700,000 over it’s ‘as-is’ value. This helped Mary’s client net a profit of $386,860, seeing a 123.5% return on investment, while also increasing her commission by 30%. Mary had a happy client, and another beautiful listing to add to her portfolio.