As-is price
Renovations
Sales price
Profit
Scope of work
Flooring, interior painting, bathroom remodel, tree damage repairs, and staging.
Before & After
Summary
Can minimal effort equal maximum gain? Well, for Barrett Raven of Harpeth Realty, and his clients, it certainly did. Barrett wanted to help his clients easily navigate the sale of their home at 1603 W 40th St in Austin, TX. The homeowners, planning a cross-country move to Rhode Island, were drawn to Barrett's local real estate knowledge and learned of him through a fellow neighbor. Having originally had a previous negative experience with another contractor, the homeowners were initially hesitant but decided to give Barrett's plan a shot. His sellers wanted a streamlined renovation experience, and did not want to manage it themselves or pay for the cost upfront, despite being financially able to handle the upgrades on their own – so Barrett partnered with Revive.
With a small investment of $114,346 fronted by Revive, the team focused on smart high-ROI enhancements—updating the flooring, two full bathroom renovations, applying fresh interior paint, repairing tree damage, and employing professional staging. These improvements helped elevate the property's look and functionality, boosting its market value from an initial $900,000 to an impressive $1,205,000. The outcome? A profit of $190,654 for the sellers, and a 34% increase in commission for Barrett, with a project ROI of 167%. This project was the perfect example of how having the right partner, guidance, and renovation plan, can lead to an easier selling experience combined with maximize financial returns.