$950,000

As-is price

$265,560

Renovations

$1,375,000

Sales price

$159,440

Profit

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Scope of work

New flooring, installed new baseboard & trim, interior painting, new doors, kitchen remodel & new appliances installation, bathroom refresh, fireplace enhancement, lighting enhancement, repair deck, installed new wooden fence, and landscaping.

Before & After

Summary

Compass agent Nate Serdy was approached by a former high school buddy and sole trustee of his late father's estate. Faced with the option of selling as-is for $950,000, Nate proposed his friend renovate the home before selling to increase the sales value. Partnering with Revive, Nate and Property Advisor Jon Salas came up with a renovation plan that would help make the home move-in-ready. Revive fronted $265,560 worth of renovations, interest-free, which covered flooring, kitchen, bathrooms, and outdoor improvements. The strategically thought-out improvements helped the home sell for $1,375,000, netting a $159,440 profit for the estate and boosting Nate's commission by 44.74%. This project helped Nate ensure his friend sold for the most money possible and demonstrated the power pre-sale renovations can make on the value of a home.