28 02, 2024

Renovation Tips for Maximum ROI in Real Estate Flipping

2024-01-10T21:26:57-05:00February 28th, 2024|Categories: Flipping, Investing, Investment, Investment Properties, Investments, Remodeling Tips, Tips|Tags: , , , , , , |

Renovating properties for flipping requires a strategic approach to ensure maximum return on investment (ROI). This guide offers practical tips for real estate investors looking to maximize profits through effective renovations. Renovation Tips for Maximum ROI in Real Estate Flipping In this guide, we'll discuss: Assessing a property for profitable renovation Budgeting effectively for renovation projects Key areas to focus on for the best ROI Balancing quality and cost in renovations Timing and market trends in property flipping Here's a closer look at each. Assessing a Property for Profitable Renovation The first step in a successful flip is choosing the

26 05, 2023

Asbestos in Renovation Work: What You Need to Know

2023-05-31T21:38:18-04:00May 26th, 2023|Categories: Flipping, How To, Investment Properties, Real Estate, REIs, Remodeling Tips|Tags: , , , |

Investing in real estate often means dealing with older properties, and with those comes the potential issue of asbestos. Hidden within walls, under floors, and in attic insulation, asbestos poses significant dangers during renovation work. This guide aims to help you navigate these risks while maximizing your investment returns. The Dangers of Asbestos in Renovation Work In this guide, you'll learn about: What asbestos is Why it’s a problem How to identify asbestos How to handle and remove asbestos Resources for managing asbestos The following sections explain. What is Asbestos? Asbestos is a group of naturally occurring minerals used extensively

11 05, 2022

3 More Kitchen Remodeling Trends So Far This Year, According to a Recent Survey

2022-04-28T00:20:06-04:00May 11th, 2022|Categories: Home Improvements, Remodeling Tips, Tips|Tags: , , |

A survey conducted this year by Houzz, an online source for advice on home interior design and construction, revealed changes in homeowners' preferences in kitchen design. The design choices made thus far this year by the survey's 2,300 participants may be a bellwether for a more widespread trend among homeowners, and can inform your approach to kitchen design in your future flips. Here are a few notable trends to keep front of mind when deciding on investments in kitchen counters, cabinet styles, and even appliances.   Engineered Quartz Counters Are Tops   Ninety-one percent of homeowners in the survey said

6 05, 2022

3 Surprising Kitchen Remodeling Trends So Far This Year

2022-04-28T00:14:36-04:00May 6th, 2022|Categories: Home Improvements, Remodeling Tips, Tips|Tags: , , |

A survey this year of more than 2,300 U.S. homeowners revealed their current preferences in kitchen design. The study, conducted by Houzz—an online portal for professional advice on home interior design and construction, reported changes in tastes that might surprise you, and impact your approach to kitchen design in future flips. Here are a few trends of note.   Open-Layout Kitchens Lose Steam Open-layout floor plans and kitchens are becoming less desirable among homeowners, the survey revealed. Over the past two years, after the onset of the pandemic, working from home and remote schooling under the same roof left many households

16 02, 2022

The Pros and Cons of a Partial Roof Replacement

2022-02-05T21:48:20-05:00February 16th, 2022|Categories: Flipping, Home Improvements, Remodeling Tips, Tips|Tags: , , |

Let's face it: A flip that lacks cosmetic appeal isn't likely to get much attention from homebuyers. Although making sure that your property has visual interest is a must, issues that affect the functionality of your flip are equally as important and must receive thorough attention, and not be given a quick fix to pass inspection, or to appear to be intact. Performing the appropriate and necessary repairs and replacements can mean a high-quality flip, and less headaches down the road for a potential buyer. When it comes to addressing issues with the shingled roof on your flip consider these

6 02, 2022

ADUs Can Increase a Home’s Value by 35 Percent

2022-02-05T21:32:52-05:00February 6th, 2022|Categories: Home Improvements, Home Upgrades, Remodeling Tips, Tips|Tags: |

Not only can an ADU, a.k.a. garage apartment, in-law suite, and granny flat, make your flip property more appealing to potential buyers, it can greatly increase its value. Homes with an ADU are listed an average of 35 percent higher than residences without one, says home improvement website Porch.com. An ADU, or accessory dwelling unit, is separate from the main home on a property and is located on the same lot. It can also be located within the main home, as long as it functions as a separate unit. Homeowners with ADUs can house aging family members, or earn extra income by renting out their

1 02, 2022

2 MORE Renovation Mistakes That Can Devalue Your Flip

2022-02-05T21:18:33-05:00February 1st, 2022|Categories: Flipping, Remodeling Tips, Tips|Tags: , , , |

Delivering quality homes that have mass appeal can yield solid profits for a house flipper. If you're not mindful, though, certain changes during your renovation could be a turnoff for potential buyers and lessen the value of your flip. Here are two mistakes to avoid. Sacrificing Function for Space A spacious bedroom with a tiny closet does not a happy homebuyer make. So although you may want to expand the footprint of your master suite, or any bedroom in your flip to make it more spacious, resist the temptation to steal footage from closets--not unless you're able to regain it

27 12, 2021

3 Tips for Buying a Distressed Property

2021-12-22T17:16:33-05:00December 27th, 2021|Categories: Home Improvements, Real Estate, Remodeling Tips, Tips|Tags: , , , |

If you’re kicking around the idea of finding and buying a distressed property, this guide will help. Check out these three tips for buying a distressed property that you can put to use when you’re ready. These three tips for buying a distressed property can help you get the best deal – and make the most profit: Choose the right neighborhood Get creative in finding properties Get an inspection Here’s a closer look at each.  Tip #1 for Buying a Distressed Property: Choose the right neighborhood If you aren’t already eyeing a particular neighborhood, start doing some research. Location is

22 11, 2021

What Do Home Additions Cost?

2021-11-14T00:40:54-05:00November 22nd, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Remodeling Tips, Tips|Tags: , , , |

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

1 10, 2021

3 Things to Remember When Renovating a Historic Home

2021-09-19T00:52:47-04:00October 1st, 2021|Categories: Home Improvements, How To, Real Estate, Remodeling Tips, Tips|Tags: , , , , , , |

If you’re renovating a historic home you probably won’t approach the process in the same way you would a newer property, especially if you want to appeal to buyers who are looking for homes that are true to their era. So remember these three things when renovating a historic home. Do Your Research In order to stay true to the spirit of your historic home it’s best to get an understanding of the era, style, and characteristics that define it. So take inventory of your property’s history, features, and details so you can make decisions about how to best maintain

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