Are you looking to renovate your home but concerned about upfront costs? Our “Renovate Now, Pay Later” option is the perfect solution for homeowners who want to enhance their property to maximize profit when selling.

It’s widely understood that renovated homes sell faster and at higher prices than their non-renovated counterparts. This principle is straightforward and intuitive. Every home seller aims to maximize profits and minimize the time their property is on the market. At our company, we share this objective. With our extensive expertise in construction, real estate, and financing, we’ve developed a unique approach that benefits both our clients and our business.

Imagine knowing that your property could significantly benefit from some restoration, renovation, or beautification but lacking the necessary funds to cover the upfront costs. In such a situation, is it better to sell the house as-is or find a way to make the investment? We are here to offer that solution by investing in your property alongside you.

While each property requires a tailored approach, our program generally operates as follow:

1. Property Valuation: We agree on the current value of your property. We have our trusted real estate team (see our trusted partners for SellWithHalAndTeam) for property evaluations. We are also open to working with your appraisal company’s evaluation.
2. Renovation Proposal: We design a renovation plan that aligns with current market trends. We work with a trusted name for our design and permit requirements (see our trusted partners for information on Q-Engineering).
3. Future Valuation: Based on the renovation, we estimate the future value of your property.
4. Profit Sharing: We negotiate a portion* of the future increase in value, which, along with the renovation costs, is payable once the property is sold.
5. Renovation: The renovation begins with no upfront cost to you. Once the work is complete, your newly upgraded home, now more valuable than before, is primed to outshine the competition.
6. Payment: Once the house is sold, we will receive our payment through the lawyer’s office.**

Here’s an example: Imagine you’re selling your home with a mortgage balance of $900,000. We assess your property’s current value at $1,100,000 and determine that with a $100,000 renovation, you could sell it for $1,500,000. Our fee for the increased value is 25%.

For simplicity, let’s break it down:

• Current Property Value: $1,100,000
• Current Profit: If you sell today, after paying off your $900,000 mortgage, you would net $200,000.

Now, consider the renovation:

• Renovation Cost: $100,000
• Future Sale Price After Renovation: $1,500,000
• Increased Value: $400,000 (from $1,100,000 to $1,500,000)
• Our Fee: 25% of the $400,000 increase, which is $100,000

After selling:

$1,500,000 – $100,000 (Renovation) – $100,000 (Our Fee) – $900,000 (Mortgage) = $400,000 Remaining

This means you would earn an additional $200,000, without having to pay for the upgrades upfront.

Benefits of Our Program:

• No Upfront Costs: Begin your renovation without worrying about immediate expenses. We cover the costs upfront, allowing you to focus on transforming your home.
• Maximize Property Value: Strategic renovations can significantly enhance your home’s market value. Updating key areas such as the kitchen, bathrooms, or basement makes your property more appealing to potential buyers.
• Faster Sales: A renovated home stands out, attracting buyers quickly and potentially reducing the time your property remains on the market.
• Flexible Payment Options: You repay the renovation costs after the sale of your home, providing financial flexibility and peace of mind.

This seamless process ensures that you can enhance your property’s value without the burden of upfront costs, ultimately leading to quicker sales and higher profits.