16 10, 2021

3 MORE Mistakes to Avoid Before Your Next Renovation

2021-09-23T06:37:01-04:00October 16th, 2021|Categories: Flipping, How To, Tips|Tags: , , , , |

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

2021-09-23T06:31:44-04:00October 11th, 2021|Categories: Flipping, Investing, Real Estate, Tips|Tags: , , , , |

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

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

1 07, 2019

Smart Renovations: What You Need to Know

2019-06-23T17:53:26-04:00July 1st, 2019|Categories: Hard Money, Home Upgrades, Remodeling Tips|Tags: , , , , |

When you take out a hard money loan to flip a house, you know you'll be making improvements and renovations - but you have to choose wisely, or your entire profit will get eaten up by the things you add to the space. So how do you figure out which renovations are smart ones, and which ones are a waste? Here's what you need to know. What Are Smart Renovations? Smart renovations are those that bring you the most "bang for your buck." You probably don't want to gut a kitchen and put in all marble countertops, energy efficient appliances,

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