Found 3 blog entries tagged as renovations.

No investor is immune, every one has dealt with additional costs due to unexpected repairs in a flip home. Hours of research, project expenses and potential profit, getting contractors and permits lined up and trying to hold onto the wallet. Rookie investors make rookie mistakes; overpaying, underestimating repairs, poor project management, overestimating finished market value and a thousand other things. But even experienced flippers get surprised from time to time.

Here's an example. The residents of this town home ignored routine maintenance for years, it needed extensive renovation. Several neighbors mentioned the residents were hoarders and the prospect of the home being completely renovated was welcomed news.

The preliminary inspection…

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The Atlanta area consistently ranks as one of the very top markets for home flippers. The term "flipping" has a ridiculously broad definition, it ranges from changing the locks and selling it to completely a full remodel and selling it. The TV shows can't fully develop all of the headaches; in 22 minutes they need to wrap things up with smiling faces. The internet parasites selling "secrets" on how to make millions are delighted selling nonsense and collecting a few hundred bucks from each "never to be millionaire". Flipping homes is exceptionally messy, difficult at every level and stressful beyond description. It will keep you up at night, make you gray before your time and likely cost you money and time.

What Does a Flip Home Look Like?

There is…

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The Covid influence on real estate continues to be unprecedented. Not one pundit or economic expert predicted or could have predicted how the pandemic set the housing market on fire. Sellers hit unexpected jackpots but not all need or want to become buyers. Many are remaining in place, working on and improving their homes. Their concerns? What provides the best return on investment for homeowners?

The best improvement to any home is one that makes it work better for the owner. What’s the point of spending money on something if it doesn’t bring joy? This is “value in use”; and it’s different for every homeowner because every owner has different

requirements for their home. The best improvements are valued by both the owner and the market (the…

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