1. Money is made at the buy, not the sell of your flip. When flipping a house your money is made at the purchase not at the sell of the house. So, many times people buy a house with the intensions of making a huge profit only to find out that they could not make any money after all the renovations because the purchased price of the house was to high. When you purchase your property you need to be sure that you buy the house with enough money to make renovations, have carrying cost, and add about 5 $6,000. Now, cost is at $147,000, and that is if everything goes as planned. Profit is under 10,000 dollars. The mistake was made at the purchase at the home, not the sell.
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5 Cheap and 5 Not so Cheap Ways to Green a Client’s Home for Sale:
The Not So Cheap:
5) Install new energy efficient appliances. A typical home’s electricity bill is $100 per month. The EPA estimates that approximately 18% of a home’s energy usage comes from appliances. Installing new energy efficient appliances use 25% less energy then a 10 year old appliance. In more real terms that means a home can save at least $5 a month from installing new energy efficient appliances. For Realtors, you won’t be able to sell your clients on replacing appliances based solely on monthly energy savings, but it can certainly be part of your sales strategy…..in addition to adding to the aesthetic value of the home.
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For many different reasons, most people are eyeing the real estate market right now for potential 2010 purchase. Some people simply want to move their family up to a larger home with less cost, while others are considering going into business flipping houses or taking on additional rental properties.
The year 2010 will bring about many changes in the real estate world. One of the questions you may want to think about is whether or not investing in real estate is a wise decision for you. Here are a few things to consider:
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American has been startled by the sub-prime market collapse, which has created a major financial crisis. Lenders gave out too much money to those with bad credit and now they can not repay their loans. This has created a large problem for todays home buyers.
Bank lenders are trying to resolve losses by charging you more expensive interest rates, closing cost and adding more uncalled for costs. You have the freedom to protect yourself and here is how!
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