Home Improvements

Need A Fast Growing Shade Tree For Your Rental Property?

If you maintain rental properties, knowing which trees grow well and quickly can help increase the value of the property faster. Plus, a little planning can help lower the time you invest in property maintenance.

The paper birch is one of the most beautiful and fastest growing shade trees you can plant in North Carolina. It doesn’t require watering unless there is a serious drought. It also needs no special care. Plus, people find them intriguing and children love them.

Winged elm trees grow extremely fast and only require watering during times of drought. It also has a distinctive look that helps your property stand out. It’s also very adaptable for urban planting.

Nuttall oak trees don’t require extra watering and grow extremely fast. They offer a classic look that attracts deer and even turkey. They do drop a lot of acorns, but the wildlife usually take care of those promptly. The canopy spreads as it gets older, so leave plenty of room. They make an especially nice shade tree!
What About Maple Trees For Rental Properties In North Carolina?
Maples grow fast and well in North Carolina, but require watering more frequently. They also tend to be messy. They produce helicopters that often build up in gutters. They are considered the messiest of trees. Tree cleanup multiple times a year isn’t worth it. Considering you probably already have your hands full, this might not be the best option for your rental property.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is […]

2018 North Carolina Building Code

The Building Code Council adopted the 2018 North Carolina Building Code at its quarterly meeting in June, 2017.  The 2018 North Carolina Building Code (Except Electrical) will go into effect no later than July, 2018, according to the state’s website.  At that point, we’ll see a minimum six month over lap where either the 2012 NC Code or the 2018 NC Code is acceptable.

So, when is the new code fully active? According to the state’s website, on January 1, 2019, the new code becomes the requirement. Meanwhile, the 2018 Electrical Code went into effect this month.

“The Base Documents for the 2018 NC Codes are the 2015 International Codes,” reports the Office of State Fire Marshal.

You’re not required to wait until the code is fully effective to use it though. See, any code amendment can be used as an alternate set of rules before its effective once it clears Rules Review, of the user requests to use it.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 […]

Most Common Problems Identified On A Home Inspection

Have you ever wondered what the most common problems found by home inspectors are? Most problems are relatively easy to fix. So, don’t let these be deal breakers if you find an otherwise good investment.

Faulty wiring is common, but not usually a costly problem for an electrician. Often they find open junction boxes or wires without wire nuts. Easy fixes. Water on ceilings often terrify purchasers, but if it’s caused by faulty plumbing, the repairs can be no big deal. Inspectors commonly find poor drainage causing basement leaks. That’s not always hard to fix either. Bad gutters cause a myriad of issues, but are easy to replace or repair. Foundation flaws like small cracks aren’t always a huge deal. The inspector can inform you of the severity. Poor maintenance like worn shingles or a cracked driveway are also easy to repair, so don’t despair!

Now, if your inspection finds that your roof needs replacing, you could be looking at more than seven grand. If the house is in a flood zone, you might consider just running the other way. If you find major foundation issues, it might not be worth your investment. If all of the wiring is aluminum, you’ll need to replace it. That can also cost thousands, so make sure you’re prepared for that kind of cost investment before you sign the final papers.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to […]

Don’t Ever Skip The Inspection On An Investment Property

A home inspection fee starts at around $400 and goes up from there. A quality home inspection is critical, unless you are professionally trained to recognize even hidden damage in a structure. Sometimes you can’t see roof damage, outdated electrical system issues, or a hidden water leak. These issues can become very expensive, very quickly. They can be costly, even if you are skilled at DIY home repair.

A home inspector looks for proper grading away from the structure, leaks from the septic field, damage to exterior structures and landscaping issues. The inspector checks railings on stairs, notices if downspout drainage is placed properly, examines ridge and fascia board lines, checks for structural damage. The home inspector looks to see if windows or door frames are bowed, and why. Exterior surfaces are examined. They check insulation, plumbing, and evidence of foundation damage. This is just to name a few things.

If you don’t know how to check for proper plumbing installation or how to check an electrical service panel, you shouldn’t rely on your own judgement.

A quality home inspection can save you a tremendous amount of money, so don’t skip it.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based […]

  • Interior designers usually consult with clients for less than $100.
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    New To House Flipping? Spend An Hour With A Professional Interior Designer

New To House Flipping? Spend An Hour With A Professional Interior Designer

If you’re new to house flipping, paying for a consultation with an interior designer might be a good investment. Typically, an hourly fee for a consultation from an interior designer is less than $100. In that hour, a designer will throw out a bunch of suggestions for changes they might make to a home you intend to flip. They have lots of ideas. Though they won’t be able to design and implement the changes to your investment property in just one hour, the advice they provide during the consultation can help you get started on your own.

They may suggest some furniture ideas that could help you with home staging. It’s likely they will throw out color ideas for paint, carpet, curtains and counters. For less than $100, these ideas can really help you plan your remodel. Even small suggestions can go a long way, so don’t forget to jot down every suggestion during your consultation.

Expertise looked at 134 interior designers serving Atlanta, Georgia and created a list of the top 21. Check out their top picks for interior designers by visiting this link. It offers these experts’ websites and contact info as well as a small blurb about each design firm.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use […]

Is There A Difference Between Drywall And Sheetrock?

Sheetrock is simply the brand name of an incredibly popular drywall product. Drywall, a panel made of gypsum plaster sandwiched between thick paper, has many vendors. Though people will call all sorts of drywall, “Sheetrock,” only drywall from U.S. Gypsum Company is actually allowed to market drywall as under the name Sheetrock. So, even if the drywall is from Titan Commercial Products, Allied Manufacturing, or National Gypsum Company, people are likely going to call it, “Sheetrock.”  Sheetrock was one of the first drywall products and is so popular that its name seems virtually interchangeable with drywall. Think about how often you call an off-brand of tissue, “Kleenex.” It’s the same idea. Not all nuggets are McNuggets, but that doesn’t mean children won’t refer to them as such.

Drywall by other names is also wallboard, plasterboard, gypsum board, or gypsum panel. It’s made from calcium sulfate dihydrate (gypsum) with or without additives. Usually it’s pressed in between thick sheets of paper (a facer and a backer.)
Tip: You can sometimes find drywall half priced in decent shape at Habitat for Humanity or other resale stores.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

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    If You Don’t Have 100% Of The Funds, Don’t Start A Real Estate Project

If You Don’t Have 100% Of The Funds, Don’t Start A Real Estate Project

If you don’t have all the funds you will need for your real estate project, be that flipping a house or renovating a potential rental property, don’t take that risk. That’s a gamble that could end up with you in a really bad situation. If you want to start a real estate project, be sure to start with more debt or more funds than you think you will need. That’s right, always starts with a loan for more than what you think you will need to complete the project.

See, it’s easier to get initial funding than subsequent funding. If something comes up and you don’t have the funds to cover it, your entire project could stall, and then fall apart. You don’t want to spend countless hours and resources only to lose all of your work in the eleventh hour. It’s not unheard of for someone to get 90% finished on a real estate project and then lose everything. Why? Because they tapped out of funds. Don’t learn the hard way. Take our word for it. Never start a real estate rehab project unless you have all of the money that you will need to finish the job.

 
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use […]

  • How to find a qualified skilled tradesman near me.
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    Clever Way To Find A Good Tradesman For Jobs You Don’t Want To Handle

Clever Way To Find A Good Tradesman For Jobs You Don’t Want To Handle

Tired of skewed social media reviews leading you to unskilled skilled tradesman? Let’s face it, people have friends and family more than willing to give skilled tradesmen and other contractors stellar reviews. Here’s one way to get the real scoop on skilled tradesmen like plumbers, HVAC technicians, and electricians.

Go to where they buy their materials.
Good Skilled Tradesmen Rarely Only Shop The Big Box Stores
It’s true. Though skilled tradesmen often have to stop by big box stores like Lowes and Home Depot, they generally buy their materials from local suppliers. They go to these suppliers because they usually get better prices, better materials, and better service. These local suppliers often know the skilled tradesman by name. They sometimes even know their history. Often, they know how busy they are. Plus, they usually know what type of supplies they purchase. A skilled tradesman who uses sub-par materials isn’t for you, if you’re looking for a good person for the job.

So, head on up to your local supply store. Introduce yourself and explain the job you need help with. Then, ask them who they recommend. Now, sometimes they have policies against recommending contractors. Of course, that doesn’t mean they won’t. Still, if they won’t give out names, ask them in a different way. Tell them that you want referrals about their products and ask them the names of their bigger clients instead. They will know that you’re simply rephrasing the same question so that they don’t have to break policy and likely give you your answer!
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the […]

  • How to expose brick to save money.
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    Tips For Exposing An Internal Brick Beneath Plaster And Laths

Tips For Exposing An Internal Brick Beneath Plaster And Laths

Some house flippers remove plaster and lath walls to expose the gorgeous, vintage brick beneath. Here’s the truth though: It’s often easier to remove plaster and lath walls than it is to repair them. So, if lovely brick is hidden by old, damaged plaster and lath walls, the choice is obvious. Exposing the brick will save money on materials and plenty of time. Framing old walls that have settled and shifted is a pain. Taping, mudding and painting just adds extensive man hours to a house flipping project.

Costs involved in removing plaster and lath walls pretty much only include permits, demo tools, garbage bags, a dumpster, and respiratory masks. If you’re flipping a house, those things will be needed anyway. Extra costs include brick cleaning materials and tools, of course. You’ll also need to invest in some brick sealant.
Tip #1
Don’t just smash through the walls. Not only will the plaster crumble in pieces, but the laths will break into all sizes. It will be much harder to keep your dumpster organized and stay safe.
Tip #2
Remove the plaster/sheetrock first. Leave the wooden laths. When you do it this way, it’s easier to clean and the laths often come off in whole pieces.
Tip #3
Once you’ve removed everything and cleaned up your demo debris, you can begin cleaning the brick. That’s much easier than many people expect. To remove cobwebs and dirt, use a stiff bristle brush.

If you notice stains, make sure to clean them with a mild stain remover or detergent made for masonry.  If you don’t remove the stains, they will be even more obvious once you seal the brick. Then, let the brick and mortar dry completely.
Tip #4
After cleaning and drying, you will want […]

Can I Use A USDA Loan To Flip A House?

Requirements for USDA Loans are pretty set in stone. Though income limits will vary based on the location of the property, other rules do not vary. Unfortunately for people hoping to qualify for a USDA loan in order to flip a house, these loans can’t be used to purchase an income producing property, and they only apply to owner occupied properties. So, if you want to use a USDA loan, it will need to be used for your permanent residence. You also have to be a U.S. citizen or a permanent resident.

So, if you already have your own home, and you’d like to purchase a property to fix-up and quickly sell, a USDA loan won’t serve that purpose. You also can’t use them to buy a house to rent to others.

These loans exist to help people find safe and sanitary housing. They help people purchase their residential homes in rural America. They are intended for people with low to moderate income. Some USDA loans even accept buyers with poor credit. Home buyers with poor credit simply face manual underwriting. USDA loans are great for the purpose they serve, but people interested in making a quick profit need not apply.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan […]

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