Who is Improvio?
Improvio is a Columbus-based renovation company that is pioneering a smarter, better way to sell a home. They are a team committed to helping homeowners get the most from the sale of their home. They work alongside Realtors and homeowners to plan, design and deliver high-impact cosmetic updates that are proven to maximize a home’s sale price and reduce its time on the market. Improvio is the only turnkey service of its kind to offer customized designs specifically tailored to the home’s target buyer, and accepting payment at closing.
How is Improvio paid?
The Improvio pre-sale renovation program is a true partnership. They cover the upfront cost of your renovation project and in return, they receive a share of any appreciation in your home's price at the time it is sold. This is not a loan, so they do not charge interest, nor do they collect monthly payments. Instead, they hope to earn a profit when you sell your home.
When you sell your home, you'll need to pay Improvio back an amount equivalent to their original investment, plus their share of your home's change in value over it's predetermined "as-is" value.
If, after the renovations are completed you decide you want to keep your house you can buy Improvio out instead. In this scenario, they willl use an independent third-party appraisal to determine the fair market value of your property. Improvio's share depends on how much they invested into your home's renovations, plus their share of your home's change in value over it's predetermined "as-is" value.
To learn more about their agreement, click here.
How is Improvio better than it's alternatives?
Here is how Improvio's pre-sale renovation program stacks up against a few alternatives:
Listing without renovating:
- Sell for tens of thousands less
- Eliminate the vast majority of home buyers and field low-ball offers
- Let an investor buy your home at a deep discount and earn a profit for themselves
Traditional home improvement:
- Payment required upfront
- Risk of investing in renovations that don't pay off
- Vet and hire contractors and hope they stay on schedule
- Payment for renovations made at closing
- Make updates that enhance value, allowing you to sell for the highest price
- Renovate in weeks not months, and let your Project Manager handle everything
Is there an income requirement or a credit check involved?
There are no minimum income or credit requirements, and Improvio requires no money before settlement. Their decision to take on a project is based on the homeowner’s equity.
Do I need a Realtor?
Yes. Improvio requires you work with a licensed Ohio Realtor to participate in the program. Improvio will be investing their own money into your home's renovation and receiving payment when your home sells, plus a portion of the additional value created by these repairs. As such they have a vested interest, and will require you work with an approved top local real estate professional to ensure your home sells for top dollar. If you don't already have a Realtor, Improvio is happy to refer you to one of their trusted partner agents.
Tell me more about the Improvio process?
What happens if the home doesn’t sell?
All homes will eventually sell and they willl wait as long as it takes to get paid. While there is no time limit, they do require the house to remain on the market until it sells, unless they choose to pay Improvio directly for our work.
What type of work do they do?
They handle all types of pre-sale renovation projects inside and outside of the home—kitchen remodels, roof repairs, bathroom upgrades, flooring replacements, HVAC, mold remediation—anything that’s required to get the house move-in ready.
Who does the work?
They do! They are licensed and insured general contractors and have Project Managers who are full-time Improvio employees. They also rely on a network of vetted, licensed, and insured subcontractors for our projects.
What types of materials do you use? Do you only use cheaper materials?
Not at all. They have a brand and reputation to maintain with not only sellers, but agents and buyers as well. They have a portfolio of quality materials that they know buyers love. Cabinets, flooring, carpet, paint color—they hand select the materials in the portfolio based on their performance in their numerous previous projects. They use high-quality materials that result in amazing transformations, and because they operate at scale, their prices are very competitive.
If I work with Improvio, who owns the home?
You own the home! You control the property and receive the benefits of home ownership, such as occupancy rights and income tax deductions.
Improvio is not an owner and has no rights of occupancy. When you sell your home, you'll need to pay Improvio back an amount equivalent to their original investment, plus their share of your home's change in value over it's predetermined "as-is" value.
To learn more about our agreement, click here.
What’s the catch?
The short answer is that there is no catch:
With the Improvio program, they cover the upfront costs of the renovations and repairs and receive payment at closing out of the proceeds from the sale.
Both you and Improvio benefit from the increase in your home's value. We see this as a win-win situation for both you and Improvio.
How do I know if I can trust Improvio?
Founded in 2020, Improvio is A+ rated with the Better Business Bureau, they been featured in USA Today, Forbes, and other publications.
They are proud to work with top Realtor throughout Columbus and Central Ohio and pride themselves on their education process which ensures that all their clients understand how an Improvio pre-sale renovation investment works.
How much funding is available with Improvio?
The most Improvio can invest in a single home is $200,000, but most of their investments are less than that.
Of course, the amount they can invest depends on your unique situation. Please contact us to find out exactly how much Improvio can provide you.
Where does Improvio’s funding come from?
Their funding comes from local Ohio investors.