Renovation Project on Babb Dr

[Julie Muse]

Investment Info:

Single-family residence renovation investment.

Purchase price: $70,000
Cash invested: $50,772
Sale price: $168,900

Contributors:
Peter Vekselman

Partner Driven partnered with BJ and Traci Medlen on a renovation project in Lebanon, Missouri. The property on Babb Dr was purchased for $70,000 and improved with $50,772 in renovations before selling for $168,900. This deal reflects a focused approach to upgrading a home to meet market expectations while executing steadily from start to finish.

What made you interested in investing in this type of deal?

The property offered a strong opportunity to add value through renovation. Its condition supported meaningful upgrades, and buyer demand in the area justified the scope of work. With a solid entry price and room to improve the home’s appeal, it fit well within a renovation strategy aimed at repositioning properties for resale.

How did you find this deal and how did you negotiate it?

BJ and Traci sourced the property through local outreach and identified its potential early. The seller was open to an as-is sale, which allowed negotiations to remain straightforward. Clear communication and timely decision-making helped secure the property at a price that aligned with the renovation plan.

How did you finance this deal?

Partner Driven funded 100% of the purchase and renovation, covering both the $70,000 acquisition and the $50,772 rehab budget. With full capital support in place, the project moved forward without personal funds at risk, allowing the focus to remain on managing the renovation efficiently.

How did you add value to the deal?

Value was created through targeted renovations that improved functionality, appearance, and buyer appeal. Updates included interior finishes, kitchen and bathroom improvements, flooring, paint, and exterior enhancements. Each upgrade was selected to align with local buyer preferences and market pricing.

What was the outcome?

After renovations were completed, the property sold for $168,900. The final sale reflected the strength of the improvements and confirmed demand for updated homes in the Lebanon market. The project demonstrated how disciplined renovation planning and execution can lead to solid resale results.

Lessons learned? Challenges?

Managing renovation timelines and budgets required close oversight, especially as unexpected items surfaced during the project. Staying flexible and maintaining clear communication helped keep the work on track. The key takeaway was the importance of planning carefully and adapting as needed throughout a full renovation project.