Down to the foundation re-envisioning of a mid-century home in Ranch Palos Verdes. The venue has an amazing 200 degree ocean view. Great mid century bones, but was still very truncated and poorly used space, especially in the master bathroom which was later re-designed by us. We also repaired the foundation, re-engineered the structure in order to remove the wall between kitchen and dining room. As a result, the kitchen now has an amazing view. Converted the breakfast nook into a viable home office with new roof, new HVAC, and new windows. Almost everything is new including the hardscape and landscape.
Increase in value net of renovations $440,000
VIFR Ratio = $2.4 (Value Increase From Repairs) Ratio
For every $1 spent on repairs, $2.40 were created in increased value
FlipGreat Average VIFR Ratio = $2.52
Total Cost $1,115,000
Sale Price $1,555,000
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