$475,000

As-is price

Purchase price

$202,000

Renovations

$825,000

Sales price

Resale price

$148,000

Profit

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Scope of work

Flooring, roof repairs, baseboard & trim, bathroom remodel, kitchen remodel, interior & exterior painting, landscaping, and staging.

Before & After

Summary

Jayson Madani and Magdiel Fajardo, from Room Real Estate, recently helped a homeowner who was preparing to move to the East Coast. The property that they were selling in Felton, CA, held sentimental value, and the homeowner wanted to maximize its potential before moving on to his life’s next chapter. Having successfully worked with Revive before, Jayson and Magdiel knew that a renovation plan would be key to turning their listing into a home buyer's dream home. Together with Property Advisor Amanda Steele, they developed a plan to enhance the home's value by making smart improvements. With a renovation budget of $202,000, fronted fully by Revive, the home underwent a complete transformation that included new flooring, roof repairs, updated baseboards and trim, remodeled bathrooms and kitchen, fresh interior and exterior paint, landscaping, and staging to show it in its best light. Jayson and Magdiel's expert guidance helped the homeowner navigate through what could have otherwise been a very emotional move. In just 8 weeks, the property sold for $825,000 – $350,000 over the as-is value – generating a net profit of $148,000 for their client, a 73% return on investment. The extra money helped facilitate their seller’s move to the East Coast and increased their commission by 74%. A big success for all involved.