Setting out to do a home renovation project can be a costly and time-consuming process, even if you’re confident you know what you’re doing. Contractors tend to see the same mistakes over and over again. Here are five of the most common mistakes and how to avoid and/or fix them during your renovation project.
Successfully completing a fix and flip investment project can be tough. Finding the right property, securing financing, partnering with the right contractor, figuring out renovation and design plans, researching comps, enhancing curb appeal ... it's a lot to handle, and that only scratches the surface.
Renovating your Baltimore investment property can do wonders for its aesthetic appeal, not to mention its value. And thankfully, most of the small things don’t require any sort of permit. You can paint, install new cabinetry, do minor electrical work, fix certain plumbing issues and more. But once you get into those large-scale projects, well … you can’t just do whatever you want. You’ll need to get a permit, and that can feel like a project of its own. However, with a little knowledge and the right tools, you can get the information you need without too much stress.
One of the most tempting things to do during a fix and flip is to short-circuit the contractor process by taking care of renovations yourself. The problem is, this can end up costing you time and money - and if the job is big enough, it might just cost you your sanity, too.
Figuring out how much to spend on your renovation is no minor detail. In fact, your renovation budget can make or break your real estate investment and be the difference between seeing a profit or experiencing a loss.
Picking up a Fix & Flip property is an alluring investment, but it’s not without risk. Check out the video below to find out the 4 must-do renovations to help you mitigate risk and make the best return.
Renovate or rebuild: This is the ultimate decision when considering a real estate investment. This choice will determine how profitable your investment will be in the long run, so here are 5 major differences you should be aware of before you decide.
When purchasing a historic home in any market, it can sometimes be a bit more overwhelming and involved than purchasing a recent build. It goes without saying that historic homes have additional considerations - they may require updates to their utilities and infrastructure to make the house fully habitable, or to simply make them more comfortable to live in.
Making the decision to become a fix-and-flipper is only half the battle - in fact, it’s the easiest part of the battle. The most difficult half is deciding where you’ll focus your property search and what the specific property will be. Of course, you could just run out, find a house that needs fixing up just about anywhere, and get to work - but to ensure you get the highest return possible you’ll want to do your research into various neighborhoods and make sure of these 4 things:
People get into real estate investing for a variety of reasons: maybe they love hunting down the perfect property, or they get a thrill out of racing the clock on renovation projects. Perhaps redesigning interiors gets their heart pumping - but at the end of the day there’s one really big, fairly consistent reason… they’re looking to make money. After all, if you don’t turn a profit at the end of a fix and flip project it could be much more difficult to get your next one off the ground, especially if you’re just starting out. With that in mind, we’re going to take a look at 10 fix and flip trends that will make you money in 2018, and help set you on the path toward financial success.
When it comes to financing options for flipping homes, a fix and flip loan is most likely going to be your best bet. There are, of course, a variety of financing options for borrowers and developers, but there are a number of reasons why fix and flip loans specifically are exactly what you’re looking for.
A kitchen remodel is no easy feat and should not be done impulsively. As a hub to home life, it’s important that you carefully think through all the needs and requirements of your kitchen. To help you decide what type of kitchen is best for you, here are four questions you should ask yourself before embarking on the kitchen remodeling journey...