If you’re in the house-flipping business, you should know that people are willing to pay a lot more for a house with solar panels. Actually, first-time home buyers pay up to 40 percent more than predicted for entry-level homes with solar panels. Most of this stems from millennials yearning for greener amenities. They know that solar panels will save money in the long run. They find it advantageous not to have to have them installed. If they’re ready to go when they move in, their energy bills go down right away. In sunny states, many homeowners can even sell off their excess solar energy to the local energy company.
Plus, right now and through 2019, people who purchase solar panels qualify for the 30 percent tax credit. Keep this in mind when pricing out systems if you’d like to upgrade a home you’re investing in. This single feature has shows the greatest unexpected increase in home sales for entry-level homes. It’s a premium feature, but will absolutely set you apart from other homes if the area is hot for the millennial generation.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
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.