$3,650,000

As-is price

$324,845

Renovations

$4,700,000

Sales price

$725,155

Profit

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Scope of work

New flooring, interior & exterior painting, fireplace enhancement, bedroom refresh, bathrooms refresh, kitchen remodel, hardscape & softscaping, and lighting enhancements.

Before & After

Summary

Sellers Jason and Marianne had already acquired their dream home in Utah and were in a hurry to bring their Irvine property to market. The home had high renovation potential and was sure to sell for more if it underwent the right improvements. The owners were very knowledgeable in design and pricing and had recently renovated the wife’s mother’s home in Los Angeles. While they had bids from another trusted local General Contractor, they recognized the value in Revive’s offering: a comprehensive, turnkey process that assured quality, timeliness, and the covering of the upfront costs. With an estimated as-is value between $3.4M to $3.6M, we collaborated with the Owners, Realtor Pegi DiRienzo, and our team to envision and execute a plan that could push the property value beyond the anticipated $4M. The renovations were completed in 8 weeks and achieved an overwhelming response during the open house weekend. With the property listed at $4.28M, the owners received 12 offers, all exceeding the asking price. The property sold for $4.7M, increasing equity by $1.3M.