Remodeling Tips

The Four Stages of Renovation

When it comes to renovating a property, every real estate investor has his or her own system. However, any house flipping veteran will tell you that some areas of the home require immediate attention while other projects can wait. Here’s a quick 4-stage breakdown that will keep your operations running smoothly at all times so that you can pass inspections.

Stage 1 – this phase is laying the groundwork for future construction.

Have all of your blueprints, permits, and land surveys ready.
Be sure to order a portable dumpster and portable toilet for the construction workers.
Repair the house’s foundation.
Check for mold and pests.
Inspect all of the trees, and remove any showing signs of advanced rot.
Address the septic system problems, if any

Stage 2 – at this stage, you need to get ready for your first wave of inspections.

Fix the windows and window panes.
Make any changes to the roofing, specifically to the gutters, shingles and the soffits.
Replace the siding of the house if needed.
Early stages of electrical work and plumbing.
Prepare the heating, venting, and air conditioning (HVAC).

Sage 3 – this is where you start to turn the house into a home.

Install any exterior additions such as decks, porches, or a garage.
Put in the insulation (and prepare to have it thoroughly inspected).
Install the wall trimming.
Set up a fireplace at this stage, if so desired.

Stage 4 – this is the home stretch. You are almost there!

Finishing touches such as the interior and exterior paint.
Don’t forget to implement your landscaping plans from stage 1.
Cabinets, flooring and countertops go in last so as to avoid unnecessary damage.
The appliances need to be hooked up.
Finish the […]

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.

 

 

Popcorn Ceilings? Get Rid of Them!

Popcorn ceilings are — thankfully — a fad of the past.

Unfortunately, they’re still in many older homes, and homebuyers don’t want anything to do with them. If you’re thinking of flipping a house and it has popcorn ceilings, you’ll be happy to know there are quite a few simple tricks to remove them and start fresh.

Depending on the home’s age, you’ll want to do a lead and asbestos check before you make your decision to remove it. If the house was built before 1980, the possibility that asbestos will show up in testing is high, so you’ll have to call in the experts.
DIY Popcorn Ceiling Removal
If calling a professional is out of your budget, you can always go the do-it-yourself route. Going in knowing that it’s going to be difficult and extremely messy is the first step.

Now it’s time to get down to business.

Cover the floors and rooms with plastic sheeting, so the you can clean the mess easily.

One of the most cost effective ways to remove the popcorn is by scraping it. They sell ceiling scrapers just for this purpose, but you can get by with any run-of-the-mill scraper. After you’ve removed the entire bumpy surface, you can give it a fresh coat of paint.

Here’s a great video tutorial: Removing Popcorn Ceilings.
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, 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 […]

Amazing Master Bath Upgrades REIs Can’t Afford to Ignore

When it comes time to renovate your investment property, you may be wondering where to start. No matter how much remodeling your flip requires, one of the main areas homebuyers will focus on is the master bathroom.

If you’re flipping a home, you’re probably looking for ways to save the most money. Make sure your budget allows for upgrades in the master bathroom—this is not an area you want to skimp on. Your best bet would be to save money in other areas of the home, and make the master bath one of the key focal points.
Amazing Master Bath Upgrades REIs Can’t Afford to Ignore
The master bath can make or break the sale of your home. Here are a few things homebuyers are looking for.
Dual Vanity
If space allows, install a double vanity. Buyers will visualize their hectic morning routines and cluttered countertops if only offered one sink.
Soaking Tubs
In an age where vacations are few and far between, offering an oasis type feel will certainly attract offers on your home. Homebuyers are looking to soak away their daily stresses, so you’ll need more than just a stand-up shower.
Upgraded Fixtures
Replacing your faucets and hardware with high quality plumbing and fixtures will increase the value of your home. If you cut costs in this area, you’ll leave the impression that the rest of the house is poorly crafted.
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, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent […]

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 […]

Cheap Finishes Can KILL Your Sale

We’ve talked before about having a great plan before you jump into any real estate transaction—and part of that plan is knowing the true costs of rehabbing a house.

Unfortunately, some real estate investors misjudge their investments and end up skimping on the finishing touches on a house… but in most cases, it’s those finishing touches that “seal the deal” with buyers.
Cheap Finishes Can Kill Your Sale
The bottom line is that skimping on finishes is a mistake. When you misjudge your budget or you decide to cut corners by choosing cheap finishes, you’re setting yourself up for failure.

Fixtures and finishes are a big deal to buyers, and they can make the entire house look more modern, livable and attractive—and they want quality. If you decide to wrap up your flip by installing cheap finishes, your house is going to be that much tougher to sell (and that’s an REI’s nightmare).
What Sells When it Comes to Finishes?
It’s always a good idea to gather inspiration for finishes before you jump in and make an investment (and this is definitely one area where a little investment can go a long way). Check out Houzz and HGTV to see what’s trending—usually, you can duplicate what you see for less. That way, you’re making buyers happy and saving on your budget at the same time.

Finishes aren’t the only things that sell a home, though.

“Use lighting to highlight special features—pendant lights to show off that kitchen island or sconces to illuminate a foyer. Under-cabinet lighting in the kitchen is affordable and makes countertops sparkle, says Bill Millholland executive vice president of Case Design & Remodeling in an interview with Melissa Dittmann Tracey for RealtorMag. “Fluorescent light strips tend to be more […]

Common Mistakes Real Estate Investors Make

Whether you’re a brand-new real estate investor or you’re a seasoned pro, you might make some of the most common mistakes REIs make across the country.

So what are they?
The Most Common Mistakes REIs Make
Overestimating the Value of a House
Many investors—again, this sometimes applies to those who are new to the game and those who have been in a while—make the mistake of thinking a property is worth more than it actually is worth.

Typically, the easiest solution is to get a pair of appraisers to visit the home separately. Appraisers don’t know how much the lender wants to borrow, and they don’t have a vested interest in whether or not the buyer makes the purchase.
Failing to Allocate the Right Budgets in the Right Places
When you burn through your remodeling budget before you’ve even made it to the wall-painting phase, you’re in deep trouble. You’ll still need to come up with the cash to put the right finishes in the house, market it and tie up any loose ends.
Thinking That Real Estate Investing is a “Get Rich Quick” Thing
(This one usually only applies to new investors.)

Sure, on TV it looks like buying and flipping houses is a piece of cake… but any seasoned real estate investor can tell you that it takes a ton of work. It doesn’t happen overnight, either. You’ll be waiting on other professionals’ schedules, like the plumber, the roofer and everyone else whose help you need. (Face it; nobody’s a “jack of all trades.”)
Failing With Due Diligence
Yes, you have to move quickly when there’s a great investment on the horizon.

No, you can’t afford to skimp on research.

If you don’t pay attention to every detail of the deal, figure out the market conditions […]

Most Popular Closet Remodel Designs

When you’re revamping a house so you can flip it quickly, experts say that one of the smallest areas of the house might lead to the biggest payoff: the closets.

Closet space is one of the most important factors that homebuyers consider when viewing a home for the first time. That means a little extra effort on your part can make a huge difference in how quickly it sells and how much you’re able to bring in as a profit.

So what should you consider?
Walk-In Closets
Tried and true, walk-in closets have delighted homeowners time and time again throughout the years. The nice part about walk-in closets is that they give additional depth and space to a master bedroom, though they can sometimes detract from the overall available floor space. If you choose to transform an ordinary closet into a walk-in, be sure that your new space has different “zones” (for example, shoe racks, jewelry spaces, and other customizable areas).
Reach-In Closets
Smaller than walk-ins, reach-in closets are normally between 3 and 8 feet wide and about 2 feet deep. These are great spaces to accentuate hallways, children’s rooms, and guest rooms. If you want to make your reach-in closet appear even bigger, simply purchase adjustable storage mounts and cubed, pull-out drawers.
Wardrobes
Wardrobes are perfect if you’re facing budget or space constraints. Because they’re mobile and add ambience to nearly any room, a wardrobe might be a great investment that will pay off in the end.
Flipping a House and Need Funding?
If you’re an investor and you need the funding to get the right house, we may be able to help you. We’re Atlanta hard money lenders who specialize in efficient, fast lending for those who need it.

You can find out more about our loan criteria, learn […]

The 4 Stages of Renovation

When it comes to renovating a property, every real estate investor has his or her own system. However, any house flipping veteran will tell you that some areas of the home require immediate attention while other projects can wait.

Here’s a quick 4-stage breakdown that will keep your operations running smoothly at all times so that you can pass inspections.
Stage 1: Laying the Groundwork for Future Construction

Have all of your blueprints, permits, and land surveys ready.
Be sure to order a portable dumpster and portable toilet for the construction workers.
Repair the house’s foundation.
Check for mold and pests.
Inspect all of the trees, and remove any showing signs of advanced rot.
Address the septic system problems, if any.

Stage 2: Getting Ready for the First Wave of Inspections

Fix the windows and window panes.
Make any changes to the roofing, specifically to the gutters, shingles and the soffits.
Replace the siding of the house if needed.
Early stages of electrical work and plumbing.
Prepare the heating and air conditioning systems.

Stage 3: Turning the House Into a Home

Install any exterior additions such as decks, porches, or a garage.
Put in the insulation (and prepare to have it thoroughly inspected).
Install the wall trimming.
Set up a fireplace.

Stage 4: The Home Stretch

Add finishing touches such as the interior and exterior paint.
Don’t forget to implement your landscaping plans from Stage 1.
Cabinets, flooring and countertops go in last to avoid unnecessary damage.
The appliances need to be hooked up.
Finish the electrical work, plumbing, and HVAC system installation from stage 2.

Are You an Investor Who Needs a Hard Money Loan in Atlanta?
If you’re an investor who needs a hard money loan in Atlanta, we might be able to help you.

While you’re here, check out:

Our hard money blog, which is packed with ideas and tips to […]