Contrary to popular belief, "inexpensive bathroom remodel" is not an oxymoron. It's entirely possible to save big when redoing a bathroom, especially when we avoid gutting everything right down to the studs. Instead, make the bathroom look nice by updating without breaking the bank. Nobody needs to know you did a budget bathroom remodel if you pay attention to the key areas below.
How To Market Your Property So It Sells Faster
Differences Between Banks and Hard Money
Importance of Time When Fixing and Flipping
Whether you're selling a fix and flip or your primary residence, it pays to know what buyers are looking for before you start that remodel. Are home seekers looking for open concept, energy efficiency, a completely remodeled kitchen, or a nice outdoor living space? See the list below for 10 attractive features not to miss when renovating a property.
Kitchens and bathrooms are two of the first areas noticed by a prospective buyer. Using as many budget kitchen remodel ideas as possible ensures a good ROI (Return on Investment). Many fix and flip contractors will have inexpensive kitchen remodel ideas, but it never hurts to have a few extra suggestions on hand.
Real estate investors who don't proactively build relationships with building contractors can wind up out on a limb when a problem rears its ugly head. We can quickly find ourselves at the mercy of unscrupulous or agenda-driven plumbers, electrical contractors, roofing contractors, or other repair and construction pros. Cultivating these relationships early in a fix-and-flip or rental income business gives us valuable access to a contractor's experience when we need it most. A list of good building contractors provides added safety, and ultimately saves us time and money. Good contractors also come with insurance and provide warranties on work. The key takeaway here is: source them now before you need them to bail you out.
You can’t have cash flow without tenants. For a real estate investor, rental income can provide an excellent and steady source of profit. That source can falter when a property stays vacant, loses tenants, or presents problems staying rented. Use the tips below to keep your rentals full and keep cash flowing in the right direction.