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Increase Your Home’s Value with These Home Renovations Projects

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Home renovations have numerous advantages. Aside from improving the appearance, getting your house updated can boost comfort, offer a more efficient and much healthier living environment, and provide better security. In other words, home renovations can improve one’s quality of life.
If your budget is limited and you like to set priorities, why not consider projects that would add more value to your residential property?

Here are some of the home renovations that pay off most likely:

• Exterior and Interior Paint – Painting is a very profitable and an inexpensive renovation project. Rolling on the new coat of exterior and interior paint may generate a hundred percent or fifty percent return on investment. If you are planning to sell your home, pick neutral shades over the trendy colors that might not appeal to some buyers.

• Bathroom and Kitchen – Home renovations to the bathroom and kitchen are considered as the most lucrative. Bathroom or kitchen facelifts may pay back seventy-five to a hundred percent of the cost, depending on the home renovations you do. Most real estate professionals agree that the homeowners who renovate for selling their home must concentrate on such rooms.

• Heating System – Investing on high quality furnace or heating system might pay off handsomely in the same manner as roof upgrade, installing energy efficient system that generates about fifty to eighty percent payback. If you are worried regarding the cost of replacing the old system you have, bear in mind that such upgrades would make you benefit from immediate reduction in the heating costs and would make your house noticeably healthier and liveable.

• Roof – Replacing the roof shingles may provide fifty to eighty percent rate of return, which is a great margin of profitability. Investing in roof upgrades increase the home’s value and protects you and your family against any issues including water infiltration.
Other Home Renovation Projects You May Consider

Some renovations might have great payback potential including replacing windows, doors or flooring, adding a playroom, finishing the basement, and installing a fireplace. Regardless of home renovation projects you are considering, if you wish to recoup the highest possible cost percentage, take note the work should be done properly and the results should be tasteful. With this in mind, before diving head first with hammer in 1 hand and screwdriver in the other, make your research and never hesitate to seek advice from qualified professionals.
It does not matter what home renovation project you have prioritized. As long as it will improve your home’s value, you can be assured that your investment would be worth it. Just make sure to hire only the best home renovation experts for you to achieve your desired results. However, if you like everything about DIY, you may also you choose the DIY approach. Yet, to avoid some hassles and issues in the long run, always ask for help from the ones who are experienced and skilled to do the job for you.

 

Real Estate Investment Strategies

investor

One of the most recommended ways for building wealth in a stable manner is through real estate. Although the market tends to go up and down in waves, it’s often those who stick to their assets that end up on top. Let’s take a look at what a real estate investor does.

Investing In Properties VS Brokering

One primary difference to note about an investor vs something like an agent is that an investor buys for their own benefit. An agent is generally just a broker or middleman for a buyer and seller. They make a commission being an expert in this particular field, but they don’t invest or make money on their own properties.

An investor, however, buys properties with the intention of remodeling them and making a return on their investor when they sell it to a buyer that’s looking for a new home for their family. They aren’t a middleman, they are actually purchasing and taking ownership of the property until they sell it like any other homeowner.

The Financial Strategy

Real estate investors have 4 primary methods of generating a financial portfolio through the market.

Lender
Some investors get to a point where they’re just a money lender. They lend money to the person who is going to buy the home and rehab it, in exchange for interest and a cut of the sale price when it’s all said and done.

Wholesaler
This investor is a little different in the sense that they don’t purchase the property on their own, but they contract with the homeowner to find an investor who will purchase it in cash. They put their fee on top of purchase price in order to make profit.

Rehabber
The rehabber is the one who will take a home, calculate and perform renovations on it in an attempt to make a decent sized profit once it’s finished and sold to a new homeowner. This is the “house flipper” you mostly see on TV or hear about.

Buy and Hold
This is an investor who’s in it for the long haul. They buy homes, usually duplexes or multi-family buildings, that will generate cashflow over a period of time. Sometimes they’ll sell the property in order to trade-up into a larger one, thanks to tax benefits, but in other cases they’ll simply own multiple buildings across town. They focus on monthly recurring income vs big payouts from a flip or a wholesale.

 

These are some strategies used in the real estate world to get you started. But there’s a LOT more information once you start diving into it all. You can find more in-depth information on each of these methods over at the Real Estate Marketing Hub.

Information in this article provided by Sell My House Easy Fast Home Buyers.

You can check out this video over at https://www.youtube.com/watch?v=uKMtA504nYw.

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