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5 February 2023 | 2 replies
Estimated renno/appliance costs: 2x bedrooms LVP: $2.5K ($5/ft2 installed guestimate over 2br @ ~200ft2 each + $500 in noise treatment) 2x bedroom low-profile ceiling fans w/lights : $800 ($250 labor + 150 fan 2x based on extra effort to locate mounting boxes, assuming they exist)1x new shower/tub prefab insert: $3.5K installed (guesstimate) 1x new toilet $400 ($250 standard 1-piece + $150 labor)2x shower-head upgrades: $100100% repaint : $5.2K (1600ft2 x $3.23 ft/2) may opt to do myself100A breaker panel complete replacement & upgrade to 4-prong 220V dryer connection on other side of wall: $2k (guestimate, original panel is still present and 100% not staying)Non-ancient washing machine: $750LED light upgrades/replacements: $100Kitchen cabinet touch-up + hardware + adjustments: $500 (guesstimate)Outdoor storage room rehab (mold remediation, drywall gut + replace, leak repairs): $3K (total guess, it's like a 6x8 Outdoor patio concrete pad & rail cleaning: $50 Microwave: free =) Lock replacements: $350 (schlagre encode + basic patio lock change) Keurig Coffee Maker: $150Kitchen pots, pans, bakeware, utensils, cups, plates: $300 + donating my spare setsMisc electrical work: $500 (replace light fixture, fix outlet(s), re-wire light switch)RENNOVATION TOTAL: $22.2K or $27.5K with contingencyFurniture, linens, supplies: 2x queen bedframe & box springs: $5002x queen mattress: $800 2x XL twin bedframe & box springs: $5502x XL twin mattress: $5506x nightstands: $7502 full size, 2 half size dressers: $500Mattress covers: $1006 queen pillows, 4x XL twin pillows (1 spare 'set' for each mattress): $180Bed sheets x 4 each mattress: $300Bathroom linens: $200 (16 wash cloth, 8 hand towel, 8 regular towel, 8 washable floor mat) Metal outdoor patio furniture: $2003-piece couch set: $70050"+ TV w/ install: $600Kitchen table + 4 chairs: $400Misc crap (soap dispensers, wifi router, wifi thermostat, cleaning supplies, doormats, artwork, mirrors, lamps, air freshers, air filters, TP, etc.): $1000 FURNITURE TOTAL: $7,280 or $10K with contingencyOther thoughts:Kitchen cabinets have already been painted/hardware upgraded poorly.
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7 May 2018 | 17 replies
A combi-boiler is a small, wall mounted, high efficiency unit that will produce hot water for both heating and domestic hot water.
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9 July 2020 | 88 replies
The only pressure with a 1031 exchange on the selling side is if they have already found their replacement and are under contract for it.
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18 January 2021 | 63 replies
However, stuff doesn't turn on a dime and is driven by a couple of things:1) Income growth of rents and vacancies2) Expense growth in comparison3) Cost of money which looks like its going to be low.Short answer - In most markets, there'll be upward pressure on pricing.
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19 July 2020 | 13 replies
If you go that route, you have added pressure to complete the renovations quickly.
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26 February 2021 | 6 replies
It's just a very low supply of inventory with very strong buyer demand (so prices continue to see upward pressure and inventory sells very quickly, so no accumulation of inventory).
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10 March 2022 | 7 replies
I'm feeling the time pressure, and don't want to look back and wish I had approached this differently.
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18 February 2023 | 2 replies
Hello bigger pockets rockstars,I’m having technical issues installing a digital thermostat into my STR in mount Pocono, Pennsylvania.
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17 February 2023 | 22 replies
These loans offer fixed rates for 30 years (including options where its interest-only for the first 10 years), so you avoid the payoff and refinance pressure that often comes with hard money alternatives.DSCR stands for “Debt-Service-Coverage-Ratio” and measures the income from the property (rents) divided by the main expenses of the property (principal and interest on your mortgage loan, plus property taxes, insurance, and any applicable HOA dues).