$1,800,000

As-is price

$437,339

Renovations

$2,960,000

Sales price

$722,661

Profit

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Scope of work

Flooring, interior painting, baseboard & trim, softscape, new door installation, bathroom refresh, and lightings.

Before & After

Summary

Meredith Erickson with Compass had a beautiful listing located in Seattle, WA with a great view and an even greater backstory. The home, originally built in 1924, was designed by its owner, an accomplished architect. While the bones of the home were still in perfect condition, the interior and exterior of the home needed a little love. Meredith and Revive collaborated closely with the owner of the property, respecting his emotional connection to it while working on some home improvements to help maximize its value. The home improvements included new flooring, interior painting, updated baseboards and trims, refreshed bathrooms, and modernized lighting. The exterior also saw some smaller improvements with softscaping and a new door installation.

The result of the renovation boosted the property’s value from an as-is price of $1,800,000 to $2,960,000 —a $1+ million increase, securing a profit of $722,661 for the owner and increasing Erickson's commission by 64%. The total project ROI was 165%, and the best part of it all was that the homeowner never had to pay a dollar out-of-pocket. Revive covered the cost of renovations in its entirety, with no interest, and no added stress for the homeowner.