Many homeowners in big cities across the country are relocating to suburbs in Nashville—a major city that we service. Residents of some of the most populous cities on both the east and west coasts are now making suburbs in Music City U.S.A. their home because of low costs of living and good schools, according to a recent report from realtor.com. “With low taxes and relatively low home prices, when compared on a national level, people from New York, Chicago, and L.A. see a lot of value,” said Cindy Stanton, principal broker of Parks Real Estate—located in the Nashville suburb of
Home builders are confident about current single-family home sales and sales expectations for the next six months. As a house flipper this can be a positive sign for the fate of projects you’ve got in progress, and in the pipeline. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which measures builder confidence, reached 90 points in November (on a scale from 0 to 100), according to an article published on the NAHB website. This is the highest score ever recorded since the index was created 35 years ago, and marks only the third time it has
If you're trying to decide what kind of flooring to use in your kitchen, you will need to consider what you want out of it. Are you hoping to increase the property value over the value of a typical kitchen? Are you hoping to find something durable for a rental unit? Do you need something installed fast? Let's discuss the options. First of all, you won't want to put carpet in virtually any kitchen. Buyers won't be impressed. Renters will yuck it up in a hurry. If you just need something inexpensive and fast, you might choose sheet vinyl. Say
There’s a lot of interest in investing in places like Nashville and other strong secondary markets right now. This is due to economic and cultural factors driving people out of more traditional markets. Plus, when you consider the quality of life in much larger downtowns, it's no wonder smaller, homier downtowns are the next big thing. These secondary markets prime for investing are great tourist destinations, just like Nashville. They are also key areas for music and the arts, just like Nashville. Here's what these secondary markets desperately need: Residential condo units. (Last year, Nashville gained a mere 71 units.)
If you're flipping houses in South Carolina, you'll want to know more about the building codes enforcement officers. Here's a quick reference guide. Building Official A Building Official performs tasks and inspections for the local jurisdiction’s building department. They must carry a certification as a building official (CBO). Commercial Inspector A Commercial Inspector performs onsite inspections in at least two construction disciplines. You know, like electrical and plumbing or building and mechanical. What they inspect is decided by the local jurisdiction that employs them. They have to have certificates or examination records from a recognized code organization. They must
If your bank will not approve your construction loan, you may feel as if it’s because of something you’ve done. In reality, however, you are most likely part of a growing trend. We’re going to crunch the numbers for you to identify why you are not alone, and what you can do about it. As the reports from the FDIC show, bank-approved real estate loans in general have been on the decline for years. The third-quarter report for 2015 shows that real estate loans accounted for less than 3 percent of all bank activity – that’s not much, especially when
Paces Funding is Atlanta’s largest hard money lender. We are leading the way with innovative financing solutions for real estate investors. Our staff has processed over 1,000 loans over the past decade and is excited about the new opportunities we will be providing our clients. Over the next six months, Paces Funding will be introducing new real estate financing and investment opportunities. Contact us today to get pre-approved for a hard money loan.