Renovate Program

Renovate Program,
D.R.I.V.E.

Determine | Renovations | Increase | Value | Efficiently

01

Property Assessment

a Schedule a meeting with the sellers to visit the property and assess its current condition.

b Conduct a thorough evaluation of the property to determine its market value in its current state.

c Document any repairs or upgrades that may be necessary to improve the property's value (e.g., cosmetic fixes, structural repairs, upgrades).

d Calculate the After Repaired Value (ARV) of the property, taking into account the potential improvements.

02

Gathering Bids and Negotiations

a
Identify the specific repairs and upgrades required based on the assessment.

b
Reach out to handymen, tradesmen, and contractors to obtain bids for the potential projects.

c
Evaluate the bids received and select the most suitable vendors based on their expertise, cost, and timeline.

d
Negotiate with the selected vendors to ensure the best deal for the sellers, considering costs and timelines.

03

Seller Consultation

a Schedule a meeting with the sellers to discuss the costs, timelines, and value of the repairs.

b Present the quotes obtained from the vendors and explain the scope of work for each repair or upgrade.

c Discuss the financial implications of each option and provide recommendations based on the property's market value and the sellers' preferences.

d Collaborate with the sellers to make a final decision on which repairs or upgrades to pursue.

04

Contracting and Vendor Management

a
Prepare and finalize contracts with the selected vendors for the approved repairs and upgrades.

b
Coordinate and manage all vendors involved in the project, ensuring they understand the scope, deadlines, and quality expectations.

c
Regularly communicate with vendors to track progress, address any issues that arise, and ensure adherence to agreed timelines and costs.

d
Utilize a comprehensive tracking system to monitor the project's status and provide consistent updates to the sellers.

05

Staging Your Home

a Evaluate the need for staging based on the property's condition and market demands.

b Offer partial or full staging services to enhance the visual appeal of the property.

c Coordinate with professional stagers to design and implement an aesthetically pleasing interior that highlights the property's potential.

d Ensure that the staging aligns with the target market and showcases the property's best features.

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Renovate Program

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