$950,000

As-is price

$128,220

Renovations

$1,700,000

Sales price

$621,780

Profit

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Scope of work

New flooring, interior painting, baseboard & trim, kitchen countertops & backsplash, wet bar enhancement, bathrooms remodel, powder room enhancement, lightings, an staging.

Before & After

Summary

This 3 bd/3ba townhome in Santa Monica had a great location working for it. Located just blocks from the beach, this rental property had been tenant-occupied for 15+ years, but the tenants were ready to move, and the owners were prepared to sell. The agent and sellers knew the place needed some renovations before listing, so they partnered with Revive. Revive fronted the cost of renovations, curated a plan and design that was rooted in ROI, and helped streamline the communication with the contractors. Realtor, Jae Wu, estimated the home’s as-is value at $950,000. With $128,220 fronted to cover the cost of modern upgrades and repairs, the house sold for $1,700,000, netting the homeowners an additional $621,780. That’s money that would have been left on the table had they sold as-is!