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10 May 2024 | 0 replies
A midrange bathroom remodel includes the cost of replacing all fixtures, a 30x 60-inch porcelain-on-steel tub with a 4×4-inch ceramic tile surround, a solid-surface vanity counter with an integral sink, and a tile floor.Projects with the lowest ROIMajor kitchen remodel–upscaleA major kitchen remodel is something everyone dreams of, but most homeowners are shocked to find out this type of project doesn’t necessarily have a good return on investment.
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8 May 2024 | 0 replies
Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.
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14 May 2024 | 201 replies
And my builder is not the one filing for permits, my architect is a full service, they have submitted everything in an expedited fashion.
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9 May 2024 | 19 replies
Also, respond to every inquiry in a timely fashion.
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8 May 2024 | 33 replies
VRBO and Airbnb could do the same; not sure why they do not.Because on the surface it looks cheaper.
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6 May 2024 | 6 replies
A Surface Yield = Annual Rental Income / Property Price.
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7 May 2024 | 56 replies
On the surface cost seg can seem simple enough to DIY.
6 May 2024 | 62 replies
Yeah....As for buying via "wholesaler" of any form or fashion, come-on-now....
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4 May 2024 | 6 replies
Most likely the issue is poor surface water management, failing gutters or missing downspout extensions.