$2,300,000

As-is price

$136,556

Renovations

$2,637,500

Sales price

$200,944

Profit

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Scope of work

Flooring, exterior & interior painting, leak repair, and bathroom remodel.

Before & After's

Summary

Property Advisor Steven Feeko worked with Celeste Pacelli of Compass to create a renovation plan to help rejuvenate a property that had been rented out for the past nine years and owned by the homeowner for 40 years. With an initial valuation of $2,300,000, the team focused on value-adding enhancements that included updating the flooring, both exterior and interior painting, repairing leaks, and remodeling the bathrooms, totaling $136,556 in renovations, all of which was covered interest-free by Revive. These updates not only modernized the property but also increased its sale price to $2,637,500, greatly exceeding the seller’s hopeful target and securing a profit of $200,944. This successful partnership resulted in a 14.67% increase in commission for Celeste Pacelli, marking her first step into leveraging specialized renovation services for a listing.