If you are planning to add more rooms to your home, there are a range of ideas and plans. By following some simple steps, one can not only reduce the overall cost, but it will prove wildly successful in increasing the value of your home. In most areas, adding square footage can significantly increase a home’s value if done correctly.
Archive of posts tagged Rehab
Successful Fix and Flip
To be successful with a fix and flip first and foremost you must buy the home right. If you pay too much to start with, no amount of fixing will help. You must know your market area, know the value of the home when it is all fixed up. Generally you must buy the home for 70% of market value or less to make it pay off. 50% of value if there are major repairs needed. Paint is cheap, but it wont fix a roof!
Have a home inspector look at the house before you buy it. He will generate lists of repair items. You will have to prioritize that list, if you decide to buy the fixer upper. You will have to have either your own money to buy the home in most cases. After you are the owner it is much easier to get a loan for the repairs.
Tax Lien Investment
There has never been a better time in history for tax lien investing.
This economy has made getting a house from your Tax lien investment much easier, foreclosed owners just aren’t paying their taxes and the banks are so heavy in foreclosure inventory that it is cheaper and easier them to write off the loan and let the property go to the county for tax sale
How to Sell That Haunted House
If you have a home that is known to be haunted and you want to sell it, you may be in for a challenge. Some buyers have a strange dislike of ghosts, spirits, specters and any other paranormal phenomenon.
Rehab Your Way To Success
Rehabbing is the method of beautifying a rundown house. Investors do this in order to resell the property for quick profit. Most investors buy a property at a discounted price and then fix it up in order to sell it for a higher value. The property is usually a rundown house that needs repairs, hence the low price.
Live in a Haunted House?
Looks like they do!! Paranormal Activity….Possibly the scariest movie you will ever watch!! This movie only cost $11,000 to make….Should gross 100M easily!! How is that for return on investment? Technorati Tags: Home,homes,hauntedhouse,return on investment,paranormal activity Share and Enjoy:
Fall Home Owners Checklist
With the fall and winter months upon us, now is the time to do some routine maintenance around your home to prepare for the changing weather ahead. Taking the time to do some work now may save on some major expenses later on.
Fixing up a re-hab rental property
Fixing up an investment property on a shoestring budget! So you want to buy an investment property, but you don’t have the cash to buy and do the necessary repairs…. A fairly common problem. This is what I did in the Eighties and it should still work today I bought an investment property, but it [...]
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