It’s easier today than in all of history to reach more people. One of the best ways to market a newly renovated property is by spreading the property’s message. Savvy investors utilize all sorts of means to broadcast a newly renovated property.
The fix and flip phenomena might have most investors seeing dollar signs but consider the following tips before committing to any property. What should buyers look for in a fix and flip property? Lots of things.
Knowing and using after repair value (ARV) can make or break the budget. Lenders rely on it, banks study it, and investors obsess over it — for good reason. The ARV ultimately determines an investor’s profit.
When it comes to investing, real estate investing has several advantages. However, there are some drawbacks to traditional real estate investing. For instance, if you have your cash tied up in properties, then it’s illiquid.
Renovation projects are not as simple as they may seem. Although they increase the value of the property, arguably by a tremendous amount, renovations require a lot of prior knowledge before beginning. Here are some guidelines to follow before starting a renovation project.
Everyone putting a property on the market either knows or can easily learn the basics of staging the investment property. Manicured entrances, fresh flowers and other amenities dress up an investment property in a special way.
The state of New Jersey has so many locations that are experiencing great returns on fix and flip transactions that it almost seems like the entire state is undergoing renovation and resale.
Home renovation has always been about adding features to a building that both modernize it and make it attractive to potential buyers or renters. The current trend in this area is to add environmentally friendly features that either reduce the impact of the renovation, or actually contribute to the ecological system.
There are two basic approaches to a fix and flip strategy. The first, which was very popular at the start of this approach to real estate investing, is to purchase a property before the area in general experiences an increase in prices.
It is said that generals are always fighting the last war and never preparing for the next one. The same might be said of economists who are taking a dour view of the current robust activity in the real estate housing market nationwide. Rather than evaluating the fundamental causes driving this trend they can only see similarities to the pre-2008 bubble.