Tips | Paces Funding

22 04, 2021

Countdown: Top 10 U.S. Cities Building the Most Homes for Buyers — Part 2

Paces Funding2021-04-20T20:42:05-04:00April 22nd, 2021|Categories: Investing, New Homes, Real Estate, Tips|Tags: Builders, Home Inventory, Housing Demand|

If you thought last year’s home inventory was scarce, this year the pickings are even slimmer. Currently, the number of listings for available homes is about half of what it was last year, according to realtor.com. Increasing housing demand and ever-decreasing inventory continue to result in bidding wars and rising home prices in many states across the country. In early December Mark Fleming, a chief economist at First American, a title insurance company, said, “Despite the best intentions of home builders to provide more housing supply, the ‘big short’ in housing supply will continue into 2021 and likely keep house

15 04, 2021

How to Get a Bigger Investment Property for Less Money: 3 Tips From the Pros

Paces Funding2021-04-15T19:59:05-04:00April 15th, 2021|Categories: Tips|Tags: Farther From City's Center, Renovation Work, Stale Real Estate Listings|

If you’re looking for an investment property, it makes sense to find the best deal – but is it really possible to get a bigger investment property for less money? Absolutely! Check out these three tips for finding a bigger investment property while keeping some of your hard-earned cash in your pocket. How to Get a Bigger Investment Property for Less Money: 3 Tips From the Pros When you’re looking for an investment property that’s going to get you the biggest return on investment, it makes sense to try to get the best deal. Often, the bigger the property is,

13 04, 2021

3 Kitchen Improvements Buyers Are Looking for Right Now

Paces Funding2021-04-13T18:56:06-04:00April 13th, 2021|Categories: Home Improvements, Tips|Tags: Attractive Cabinets, Kitchen Improvements, Quartz Countertops, Updated Lighting|

If you’re an investor, you know that kitchens are make-or-break spaces – so what are buyers looking for right now? We consulted with a handful of local REALTORS® to find out what buyers want from the homes they’re snapping up in thriving markets. 3 Kitchen Improvements Buyers Are Looking for Right Now Buyers often start home tours in the kitchen, so if you’re making improvements in an investment property, that’s a sensible place to begin. Here’s what buyers are looking for right now: Clean, attractive cabinets Quartz countertops Updated lighting Here’s a closer look at each. Kitchen Upgrade #1: Clean,

11 03, 2021

More Homeowners Association Rules You Need to Know

Paces Funding2021-03-09T09:01:38-05:00March 11th, 2021|Categories: Curb Appeal, Flipping, Home Improvements, Home Upgrades, Investment Properties, Tips|Tags: Blog, Exterior Design, Flipping, HOA, Home Improvements, Home Upgrades, Homeowners Association, landscaping, Rules, Tips|

A quality renovation can produce a high-end product that brings in a hefty profit. But let’s be real: flipping a house isn’t easy—it can be full of risks and unknowns. Will you uncover termite damage beneath the floor boards? Do the soffits in the kitchen above the cabinets contain ductwork, or are they simply filling the gap between the cabinets and the ceiling? Is the pool in good condition, or will it need to be resurfaced? Although flips can come with many unknowns what you can prepare for are the rules and regulations of your community’s homeowners association (HOA). While

1 03, 2021

2 Things You May Not Know About Bedroom Additions

Paces Funding2021-02-18T20:00:55-05:00March 1st, 2021|Categories: Flipping, Home Improvements, Home Upgrades, New Construction, Remodeling Tips, Tips|Tags: Add Rooms, Add Value, adding value to a home, Additions, Blog, Construction, Tips|

If you’re thinking about adding a bedroom to your flip you may be aware of certain requirements that must be met for it to be considered a legal bedroom, like minimums for square footage, ceiling height, and egress. But here are two things you should also know if you plan to increase the number of bedrooms in your flip. Your bedroom addition doesn’t require a closet Contrary to what many people may think, in most states you don’t actually have to have a closet in your bedroom addition for it to be considered legal. Of course you wouldn’t want to

27 02, 2021

What Qualifies as a Legal Bedroom Addition to Your Flip

Paces Funding2021-02-18T19:53:02-05:00February 27th, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Remodeling Tips, Tips|Tags: Add Value, Additions, Blog, Construction, Flipping, Home Improvement, Home Upgrades, Tips|

Along with kitchens and baths, bedrooms are important selling features in a home, and increasing the number of bedrooms in your flip can raise its value and make it more appealing to homebuyers. So if you’ve got the space and the budget, adding a bedroom can be a win-win situation. But not just any added space can be marketed as a bedroom. Your addition must meet certain criteria to be considered legal. You should make sure your room fits the bill before listing your property to avoid issues that will hold up a sale when you find a buyer. Although

27 02, 2021

3 Major Predictions for the 2021 Housing Market, According to Homes.com

Paces Funding2021-02-18T19:43:57-05:00February 27th, 2021|Categories: Potential Markets, Real Estate, Tips|Tags: Blog, Houses, Housing Market, real estate, Real Estate Predictions, Real Estate Trends, Tips|

In 2020 Americans saw historically-low mortgage interest rates, brisk home sales with low home inventory in many markets, and bidding wars. But what kinds of housing market conditions can homebuyers and sellers expect this year? Here are three big predictions compiled by Homes.com. House flippers, we’ve summarized them for you here. Home prices that rise by nearly 10 percent In a mid-December National Association of Realtors (NAR) survey of housing and economic experts, the experts reached a consensus that home prices will increase by 8 percent this year. This bodes especially well for house flippers. An increase in mortgage rates,

22 02, 2021

The Pros and Cons of Having a Heated Driveway

Paces Funding2021-02-18T19:34:05-05:00February 22nd, 2021|Categories: Home Improvements, Home Upgrades, Tips|Tags: Blog, Heated Driveway, Heated Floors, Heating, Home Improvement, Home Upgrades, Tips, Winter|

Although the prospect of snow in southeastern states is less likely than in some other parts of the U.S., the southeast does experience a notable degree of winter weather. In fact, in December a nor’easter dropped ice across at least four cities in North Carolina. To spare your potential homeowner the hassle of having to sprinkle rock salt to melt ice and snow on their driveway, or having to scatter messy kitty litter for traction on slick surfaces, consider a radiant heating system for your driveway. Before investing in a radiant heating system for your flip, though, it’s best to

16 02, 2021

2 Radiant Heating Systems to Warm Your Driveway and Floors

Paces Funding2021-02-18T19:26:00-05:00February 16th, 2021|Categories: Home Improvements, Home Upgrades, Remodeling Tips, Tips|Tags: Blog, Heated Driveway, Heated Floors, Heating, Heating Driveway, Snow, Tips, Winter|

As a house flipper who operates primarily in southeastern portions of the country, where the prospect of snow is less likely than in other areas, you may not see the need to install heated driveways to melt snow and ice. But states in the southeast do experience wintry weather. For example, Raleigh, North Carolina averages 7.5 inches of snow a year, and Charlotte gets about 6.5 inches each winter. The town of Boone averages about 35 inches of snow annually. Just last year a mid-December nor’easter threatened states from North Carolina to Maine, dropping ice on many parts of the

11 02, 2021

Have You Considered Heated Driveways for Your Flip?

Paces Funding2021-02-15T15:10:08-05:00February 11th, 2021|Categories: Flipping, Home Improvements, Home Upgrades, Investment Properties, Remodeling Tips, Tips|Tags: Blog, Driveway, Flip, Flipping, Flipping a House, Heated Driveway|

Although many of your projects may be located in southeastern parts of the country, where the prospect of snow is less likely than in other areas, states in that region do see snow. In North Carolina, for instance, the capital city of Raleigh averages 7.5 inches of snow a year, Charlotte gets about 6.5 inches each winter, and the northwestern town of Boone averages about 35 inches of snow annually. Those figures don’t account for extreme weather. Just last year in mid-December a nor’easter threatened states from North Carolina to Maine, dropping ice in many parts of the Tar Heel

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