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Should You Add a Sunroom to Your Investment Property?

Adding a sunroom to your investment property may be a bad idea—especially if you’re looking for a quick turnaround with a hefty profit.
Should You Add a Sunroom to Your Investment Property?
The numbers don’t lie: Adding a sunroom to your investment property will get you, on average, about 50 percent of the project’s cost back when you sell. The average cost of building a sunroom is about $73,000, which could be better-spent elsewhere.

Naturally, every house—and every buyer—is different; it could pay off differently for you.

But like home offices, a sunroom looks like an inefficient use of interior space to many buyers.
What’s a Better Investment?
A better investment might be a deck, a mother-in-law suite, or an extra bedroom on the first floor. Even without adding anything to the house, making big improvements in the kitchen—like improving an inefficient layout—or the bathroom could bring you far more bang for your buck.
Do You Need a Hard Money Loan to Buy 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 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.

 

 

Do Decks Add Value to Investment Properties?

If you’re flipping a house, you want to get the best possible return on your investment—and one of the ways to do that is to add features buyers really want (like these great kitchen design features for 2017).

But what about a deck?
Do Decks Add Value to an Investment Property?
In many cases, adding a deck can tack value onto a house you’re selling. There’s a caveat to that, though: the deck can’t be too extravagant, and it depends on the house’s location.

According to U.S. News and World Report, if you add a wooden deck to your investment property, you’ll recoup about 81 percent of your investment when you sell. Bear in mind:

The deck can make the house more appealing to a wider range of buyers because it helps them feel as if the home is larger (it’s added living space!)
You may be able to sell the house faster
You probably won’t be able to add the cost of the project to the home’s price and get away with it, unless you’ve made other cost-effective improvements that even out your profits

Wood vs. Composite Materials
Typically, building a deck with composite materials rather than wood can cost up to 50 percent more.
Do You Need a Hard Money Loan to Buy 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 construction, the loan […]

Playground Equipment and Your Liability as a Landlord

If you have playground equipment on your rental property, you may be wondering whether the risk of a child (or adult) getting hurt outweighs the benefits. Whether you’re renting a single-family home with a backyard play structure or managing a multi-unit rental with a community park, you’ll want to know what your responsibilities are as a landlord. It is possible you could be held liable for any injuries that may occur.

Let’s face it: children are accident prone – especially on playgrounds. It should always be assumed that there’s a chance for injury. If a child is injured on your property, you may be held liable, but there are some things you can do to protect yourself.
Inspect & Repair Playground Equipment
Inspecting and repairing the play structures and equipment on a regular basis is necessary. You’ll want to check for things such as rusting metal, rotting wood, and the overall strength of the equipment. Repair any defects immediately and complete routine maintenance. If there is any evidence of neglect – you may liable for injuries if someone is injured.
Post Notice of Risk
Posting a sign that tenants play at their own risk is necessary. While this is more common in an apartment setting, you can still post in a single-family unit. Protect yourself even further by including it in your lease agreement. This does not relieve you from your duty of keeping the playground equipment in tip-top shape.
Check Your Insurance Policy
Verify that you’re covered for any injuries that may happen on your property. You’ll need this anyway, but make sure you cover your bases. Even if you take the best care of your play equipment – accidents can happen.
Do You Need a Hard Money Loan to Buy […]