Home Improvements

  • 3 Easy Upgrades to Make Before You Sell an Investment Property in Atlanta - Hard Money Lender
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    3 Easy DIY Updates to Make Before You Sell an Investment Property in Atlanta

3 Easy DIY Updates to Make Before You Sell an Investment Property in Atlanta

As a real estate investor, you know how important it is to make high-quality upgrades and improvements without spending a fortune—and sometimes that means doing the work yourself.

Some of the best improvements you can make are in kitchens and bathrooms.
3 Easy DIY Updates to Make Before You Sell an Investment Property in Atlanta
Little improvements that pack a big punch are what you’re looking for, so check out these three DIY updates that can pay off at the closing table.
DIY Update #1: Add a No-Touch Faucet to the Kitchen
You can find amazing no-touch faucets between $75 and $200, and because the kitchen already has plumbing, you can DIY the installation without taking a big risk.
DIY Update #2: Drawer Pulls and Cabinet Handles
Modern drawer pulls and cabinet handles can go a long way in improving the way people feel about a house. For less than $50, you can redo all the handles in an entire kitchen to give it a fresh, new look.
DIY Update #3: Throw Out Fluorescent Lights in the Bathroom
Fluorescent lights are no good anymore; nobody wants them. Swap out old fluorescent bulbs (in every room, actually) and replace them with long-lasting LEDs that you can tell buyers will contribute to the home’s energy efficiency profile.
Do You Need Hard Money for an Investment Property in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may be able to help you.

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 […]

Home Water Treatment Systems: What REIs Need to Know

If you’re planning to turn a home into an investment property (you’ll be the landlord), you may want to give the water quality in your rental some special attention. In a time where local water supplies are being investigated in several municipalities, potential renters are making water safety a top priority when searching for homes. Installing a drinking water treatment system into your home can be a good investment (and it can give your renters with peace-of-mind).

When cleaning and staging your home, you may be focused on removing hard water stains from visible areas, which is good, but you need to take it a step further. It is highly probable that potential renters are turning the faucets on, letting them run, and even taking a drink.

There are many water maintenance systems that can be installed in a home to make water look and feel better, as well as safer. If the water in the home contains colors, odors, and sediment—a water softener will help—but it won’t remove bacteria or organic chemicals such as chlorine, pesticides and herbicides.  Here are some additional water treatment systems to consider when updating your home.
Ultraviolet Water Purification
Using UV light, this type of system disinfects water to reduce bacteria and viruses. It is important to note that it does not remove chemicals from water. There are single faucet and whole house installations available.
Distillation Systems
Adding a distillation system to your home allows for safer drinking water by a vaporization, sterilization, and condensation process. This process removes heavy metals, chemicals and bacteria and are available in countertop or tank methods.
Reverse Osmosis
Reverse osmosis systems are available for whole home or countertop installation. They are effective at removing chemicals, bacteria and viruses.

If you’re looking for […]

2017 Bathroom Trends REIs Need to Know About

If you’re a real estate investor, you need to know all about the 2017 bathroom trends—especially if you expect buyers to fall in love with what you’re putting on the market for resale.
2017 Bathroom Trends for REIs and House-Flippers
This year, much like last year, a bathroom can be a deal-maker or a deal-breaker.

However, the 2017 bathroom trends have taken a turn toward nature. Blending organic with new, shiny, and functional is the way to go this year if you’re a real estate investor.

The bathrooms that capture the most favorable attention will have:

Clean colors
Neat lines
Practical arrangement of space (no more toilets sandwiched between cabinets and showers, if you can help it)
Simplicity
Continuity

Being Bold in Bathroom Design
There’s nothing wrong with making the bathroom more like a luxury spa. If you can find the right fixtures at the right prices (check out our list of the best kitchen and bath showrooms in Atlanta), go for it!
Keeping Things Simple in Bathroom Design
Designers are gushing over faucets made from clay, but you don’t have to spend a small fortune. Look for sinks and faucets with clean, simple, and elegant lines; don’t get anything too ornate if you want to appeal to the widest range of buyers.
Do You Need a Hard Money Loan in Atlanta?
If you need funds for an investment property, we may be able to help you. Call us at 404-814-1644 or send us a note. You can also apply for a hard money loan online.

In the meantime, read our FAQ, learn about the hard money loan process and see if you meet our criteria! We’ll be happy to help you if you qualify.

 

Best Kitchen and Bath Showrooms in Atlanta

If you’re a real estate investor, you know how important it is to find the best kitchen showrooms in Atlanta so you can get the best deals on your fixer-uppers.

We’ve pulled together a list of the latest-and-greatest kitchen showrooms in Atlanta so you don’t have to hunt all over the city (or weed through mediocre showrooms) to find what you need.
Best Kitchen Showrooms in Atlanta
Some of the best kitchen showrooms in Atlanta are a little off the beaten path, but that’s what makes them real gems.

Sub-Zero and Wolf Showroom

Ferguson Showroom

PDI Kitchen, Bath, and Lighting

Porcelanosa Atlanta

Pedini Atlanta

Pirch

Alno

European Kitchen and BathWorks

Spartan Kitchen and Bath Showroom

Atlanta Classic Kitchens

Cantoni
Are You Looking for a Hard Money Lender in Atlanta?
If you’re looking for a hard money lender in Atlanta, we may be able to help you.

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.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.

 

 

2017 Kitchen Trends for Flipping Houses

In the past, we’ve mentioned that cheap finishes can kill your sale — but how do you know what buyers really want?

The answer is simple: you stay on top of fixture trends and keep an eye on what’s selling in your area. As a hard money lender in Atlanta, our team has seen plenty of trends come and go (remember popcorn ceilings?).

With that said, we’re not going to leave you hanging. Check out the hottest kitchen fixture trends for 2017 before you dive into your next project.
Kitchen Fixture Trends 2017
Like in 2016, people want to keep things simple, with clean lines and an elegant look — even if the house has a long way to go before it hits the luxury market.

These are some of the hottest trends to watch for this year.

 
Do You Need a Hard Money Lender in Atlanta?
If you’re looking for a hard money lender in Atlanta, we may be able to help you.

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.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.

 

Investing: What You Need to Know About Former Drug Houses

Methamphetamines are a very real problem, and so are the houses these drugs are manufactured in. Several former methamphetimine labs hit real estate markets across the country each day, and many of them still contain highly toxic contaminants. What’s worse is that some buyers aren’t even aware that there are toxins in the home.

If you’re looking at the deal of a lifetime, don’t be certain it’s not a wolf in sheep’s clothing… and proceed with caution.
Health Issues From Former Drug Houses
While there are some telltale signs of illegal drug manufacturing, it’s what you don’t see that presents a problem. The health issues many people experience from being unaware of these toxins’ presence can range from a headache to death.

Disclosure issues vary from state to state. Even if the home was a known methamphetamine manufacturing operation, there may be no duty to disclose this information to a potential buyer. Georgia is among a number of states with no disclosure requirements, so it is definitely buyer beware.
Is it Worth It?
Are these meth lab homes worth the cost of decontaminating, flipping and trying to make a profit? Some investors think they are. Depending on the extent of the contamination in the home, you could be looking at tens of thousands of dollars to “rehabilitate” it. That’s not to say you won’t be able to make a profit from your flip—you just need to be aware of what you’re getting into and let the experts handle the cleanup.
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may be able to help you.

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, […]

Great Fixtures to Flip a House Faster

As a real estate investor, you understand the importance of selling a home quickly. After investing in a distressed home and renovating it, you won’t see a return until the sale is closed. Choosing your features, finishes and fixtures wisely will help you flip a house faster so you can move on to the next project.
Add Style to Switchplates and Outlet Covers
It may seem a minor detail, but that’s what makes light switches and outlet covers such a great investment in selling your flip faster. Make sure these features match—preferably throughout the house but at least in each room. Consider using modern, attractive features to really impress potential buyers:

Timer switches for bathroom fans
USB charging ports in wall outlets

Clean, matching, modern electrical switches and outlet covers can give the entire home a modern look and feel that’s sure to get noticed.
Fixtures That Brighten a Home: Lighting Fixture Upgrades
Don’t be tempted to save a few dollars and buy the cheapest light fixtures available. Attractive, energy-efficient fixtures for your rooms and outdoor lighting are affordable and impressive. LED lighting will cost you a bit more than traditional fluorescent or incandescent bulbs, but buyers will be impressed. Potential buyers will get the impression of a modern, energy-efficient home; an impression that goes much further than the fixtures themselves.
Buyers Gush Over Faucets and Shower Heads
As with the lighting, it’s often a good investment to go a step up from “builder grade” when it comes to kitchen and bathroom faucets. The impression a quality faucet makes can extend to the entire room. Matching sink, tub and shower fixtures in each bathroom is essential. Don’t forget the drain stoppers!

In the kitchen, you can really impress buyers with a great sink […]

Your Credit and a Hard Money Loan

Sure, credit matters.

But there are many good people who have terrible credit scores (and vice-versa).

What that means is that those good people are often ignored by lenders, and in many cases, the reasons behind their poor credit are far beyond their control.

So what happens if someone with bad credit wants to get a rehab loan?
Bad Credit and Rehab Loans in Atlanta
When someone with bad credit attempts to get a rehab loan through a traditional lender, the lender may not even look at his or her circumstances. In those cases, turning to an Atlanta hard money lender is typically the best option.

Why?

Because a hard money lender, even if they check your credit, is really looking at the most important factor: the value of the house.

In many cases, a hard money lender is able to fund a loan when the applicant has poor or less-than-perfect credit because what really matters is how much the property is worth. Remember, in a hard money loan, the property serves as collateral.
Should You Apply for a Hard Money Loan With Bad Credit?
Don’t let your credit score stop you from applying for a hard money loan. In fact, we may be able to help you if traditional lenders have turned you down. While bad credit can be a challenge, you can overcome it.
Do You Meet Our Loan Criteria?
If you’re thinking about applying for a hard money loan through Paces Funding, 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.

Read our frequently asked questions and take […]

  • Signs You Shouldn't Buy an Investment Property - Paces Funding, Atlanta Hard Money
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    Know When to Hold ‘Em… Signs You Shouldn’t Buy an Investment Property

Know When to Hold ‘Em… Signs You Shouldn’t Buy an Investment Property

As a real estate investor, you know how important it is to make each property an exceptional purchase. However, there are some properties that you should just pass on, no matter how eager you are to make a flip. Here are some red flags for property showings that should signal for you to move on to the next deal.

Wood rot. Examine the property thoroughly for signs of rotten wood. Wooden decks and floors surrounding tubs, toilets and sinks should be inspected. If you find signs of rot on the outside, there’s a good chance that behind the wall is even worse. Your home inspector will be able to point out specifics if you didn’t catch them when you first looked at the property (and this is yet another reason it’s so important to have a talented inspector on your team).
Inadequate repairs. A house with a long history is more likely to have amateur repairs. Sometimes the repairs are not up to code, especially when it comes to plumbing or electrical jobs, which means they should be fixed by a professional to prevent additional damage.
Old building materials. Aside from potentially being structurally unsafe, older building materials may contain lead, radon, or even dangerous levels of asbestos. Be sure to have the home tested for dangerous materials before you make a final decision to buy.
Roofing woes. Sometimes a house can look terrific everywhere but up top. Be sure to inspect the roof of any prospective property for holes, leaks, and weathered shingles that need to be replaced. Take a look at the gutters and chimney while you are poking around up there, too. Your inspector will conduct a thorough check, but it’s a good idea to […]

4 Quick Fixes to Improve Curb Appeal

 

As a real estate investor, you probably already understand the importance of curb appeal. A property that looks great from the outside will nearly always sell faster than one that doesn’t; the same principle applies if you’re trying to rent out an investment property. The neater and cleaner it looks on the outside, the more likely you are to find a tenant quickly.

The good news is that you can boost your investment property’s curb appeal in just one day — and you can do it without spending a fortune.
Quick Pick-Me-Ups for Curb Appeal

Power-wash the exterior of the home, paying special attention to the porch and entryways. Statistics show that many potential buyers and renters drive by a home before they call and ask to see it, and one that’s sparkling-clean will get more attention than one that isn’t.
Replace old house numbers with new ones. There are dozens of modern, attractive styles in nearly every home improvement store, and you might be surprised at how something so small can make a difference so big.
Invest in flower boxes or live plants outside. Adding life to the porch or windowsills can improve curb appeal by leaps and bounds, and if you’re feeling extra-inspired, add fresh mulch to bushes and trees on the property.
Stake out a new mailbox. Even a plain, simple box will do; you don’t have to choose something ornate (and you shouldn’t, especially if it’s out-of-place in the neighborhood).

Are You Looking for Financing for an Investment Property?
If you’re an investor in Atlanta looking for a hard money loan, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out how we can help you get the funding you need […]