Flipping | Paces Funding

11 01, 2022

Replacing Windows in Your Flip? 2 Styles to Know

YSNM Support2021-12-22T17:35:46-05:00January 11th, 2022|Categories: Flipping, Home Improvements|Tags: Bay Windows, Flipping, Picture Windows, Windows|

Not only do windows open up interior spaces to natural light and air, they are focal points to frame views to the outdoors. There are many different styles of windows, and a vast majority of the time they jive with the architectural style of a home, or at least they should. While windows are aesthetically pleasing on both the exterior and interior of your flip, they're also an important consideration for potential buyers when it comes to energy efficiency. Heat gain and heat loss through windows account for between 25 percent and 30 percent of residential heating and cooling energy use, according to the

22 11, 2021

What Do Home Additions Cost?

YSNM Support2021-11-14T00:40:54-05:00November 22nd, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Remodeling Tips, Tips|Tags: Adding a Floor, Expanding the Footprint, Home Addition Cost, Horizontal VS. Vertically|

This isn't your first flip, but it is the first time you've thought about adding some square footage to your house, which is a little on the cozy side. As you weigh your options consider the typical costs of horizontal and vertical home additions, which we’ve highlighted below, to see how expanding your home may impact your budget. (Be aware that labor and supply expenses can vary by region). Expanding the Footprint If you want to expand your flip horizontally (expand its footprint) it can be cheaper than building vertically. It'll cost you between $150 and $200 per square foot, on

16 11, 2021

Got a Big Kitchen in Your Flip? Should You Install Double Islands?

YSNM Support2021-11-14T00:34:36-05:00November 16th, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Tips|Tags: Double Island, Enhance Style, Flip, Increase Cabinet Storage, Kitchen, Separate Meal Prep and Dining Spaces|

The kitchen is the heart and hub of a home, so you want the one in your flip to be as functional, welcoming, and stylish as possible. Kitchens with two islands are becoming increasingly popular for many reasons. Here are three that may make you rethink your kitchen design, and leave you seeing double. Create Separate Meal Prep and Dining Spaces In some kitchens with a traditional or old-world design an island is a large, movable marble-topped table situated in the center of the space. In most modern kitchen designs, however, islands are a marriage between meal prep and bar top

16 10, 2021

3 MORE Mistakes to Avoid Before Your Next Renovation

YSNM Support2021-09-23T06:37:01-04:00October 16th, 2021|Categories: Flipping, How To, Tips|Tags: Flooring, Material Quantity, Money, Renovations, Unexpected Expanse|

Even if you’re a pretty experienced house flipper you may make certain mistakes that result in major setbacks. Here are some pitfalls to avoid. Not Setting Aside Money For Unexpected Expenses It’s wise to create a cash reserve to cover unexpected costs, like replacing water-damaged floor joists, mold or asbestos remediation, termite extermination, or foundation repairs. You may also need to have cash set aside to cover additional mortgage payments in case your renovation runs over schedule. Not Considering Quantity When Ordering Materials Sounds weird, but here’s the deal. When ordering tile that you plan to use in more than

11 10, 2021

Before Your Next Renovation Be Sure to Avoid These 3 Mistakes

YSNM Support2021-09-23T06:31:44-04:00October 11th, 2021|Categories: Flipping, Investing, Real Estate, Tips|Tags: Flipping Home Mistakes, Holidays, Planing a Budget, Pre-laying Tile, Renovations|

For house flippers each renovation project presents a different set of experiences and challenges, and even flippers who have several projects under their belts can make mistakes that result in major setbacks. Read carefully so you can avoid some of these pitfalls. Not Planning a Budget When setting your budget, if you rely on using estimations and ballpark figures you’re very likely to spend lots more than if you took time to plan out a more specific budget for each portion of your flip. Having a detailed budget can help you reallocate funds in case you want to spend a little

6 10, 2021

3 Easy Upgrades to Help You Flip Your House Faster

YSNM Support2021-09-21T04:08:59-04:00October 6th, 2021|Categories: Flipping|Tags: Choose Luxury Cabinet Hardware, Create an Outdoor Seating Area, Invest in Healthy Landscaping, Upgrades to Help You Flip Your House Faster|

If you’re like many people, you know that an improved house can sell for quite a bit more than what you spent on it – and with these three cost-effective, easy upgrades, you may be able to bring in a larger profit while selling the house faster. First things first: There’s never any guarantee on what can increase a home’s value and what will pay off at the closing table. However, you can improve your chances at making the profit you want by making these three easy upgrades: Choose luxury cabinet hardware Create an outdoor seating area Invest in healthy

27 08, 2021

Should You Wait Until Winter to Flip a House?

YSNM Support2021-08-11T19:54:10-04:00August 27th, 2021|Categories: Flipping|Tags: Finding Contractors, flip a house, Winter|

If you’re like many investors, you know that you need to strike while the iron is hot – but is it sometimes wiser to wait until winter to flip a house? This guide explains why it may be in your best interest to do so. Should You Wait Until Winter to Flip a House? Conventional wisdom says that the real estate market heats up during summer – more people are buying and selling at that time. There are more homes available, and it’s more convenient for people to purchase and move during the warmer (and out-of-school) months. But does that

6 08, 2021

2 MORE Important Tips to Consider Before Buying Your First Flip

YSNM Support2021-08-09T19:49:31-04:00August 6th, 2021|Categories: Flipping, Tips|Tags: Flipping, Tips, Weigh community amenities|

Although flipping houses may be something you’ve always aspired to do, before you dive in headfirst consider these two crucial tips we’ve highlighted from a recent article in House Beautiful magazine. Weigh community amenities before choosing your flip. Look for positives about a community that can make your potential flip house appealing to buyers. Does the neighborhood have walking paths and parks? Do residents have walkable access to transportation like bike share, or bus or train routes? Are restaurants or other amenities near? What about the school district where your flip is located? Does it have a good reputation? Also,

1 08, 2021

3 Critical Tips Before Your First Flip

YSNM Support2021-08-09T19:45:37-04:00August 1st, 2021|Categories: Flipping, Tips|Tags: Get a mentor, home flipping, See where people are moving, Take stock of the neighborhood|

You've always been interested in flipping houses. You love real estate, home renovation shows are your jam, and you love DIY projects and getting your hands dirty. Flipping houses seems like the perfect fit for you, right? Before you begin searching for your first property consider these three important tips we’ve highlighted from a recent article in House Beautiful magazine. Get a mentor If you planned to travel to a foreign country you might first take some time to familiarize yourself with its language, culture, and customs. The same idea can apply to becoming a house flipper. Although you may be

27 07, 2021

4 Smart Ways to Enhance a Small House

YSNM Support2021-07-31T23:24:55-04:00July 27th, 2021|Categories: Flipping, Tips|Tags: Converting Spaces, Natural light, Small House Flipping|

Your new flip house is on the smallish side and you want to make the best use of every space so buyers can see that they won’t have to give up functionality or amenities in their potential new home. Here are four wise ways to improve small spaces. Convert the crannies Many houses have an awkward space beneath the stairs that forms somewhat of a right triangle. Instead of sidestepping that area you can convert it into storage for your future homeowner. Think about a space to tuck away things like shoes, kids’ toys, or a dog bed. Or, you

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