4. The problem with the ‘big ideas’
is that they often cost big
money.
It’s easy to overlook obvious
fixes that just might add
tremendous value.
5. On the other hand, big ventures
and renovations are sometimes
not always the best investments
for individuals keen on making a
big profit. It turns out that the
most profitable investments are
also the safest. The long term
quality and dependability of your
rehab should be your primary
focus.
8. Start by making sure the property
compares to the rest of the
properties in town. The first thing
to remember is that if a property is
below the neighborhood or city
standard, first you must see to it
that the basics are set.
9. Buyers will avoid a house with a
leaky roof, cracked retaining
walls, or weak and cheap floors or
walls. And anyone interested in
the only home on the block
without air conditioning or a
garage is only going to buy if the
property is significantly cheaper.
11. If you don’t upgrade the kitchen
and bathrooms, you’re basically
offering a discount to a buyer who
is thinking of doing that work on
their own. If you want buyers to
see value in a home, don’t give
them reasons to look for work
they’re going to have to do.
13. The front door is one of the most
important aspects of curb appeal
on the exterior of the home. A
solid, fireproof, soundproof front
door will look great and update the
look of the whole front of the
house. It’s not a huge investment to
install a new front door and the
return is ofter more than 100% of
the cost.
15. There are very few amenities that
we can recommend for most rehab
projects. A pool, for example, is a
terrible investment unless every
other home in the city has one. Not
only expensive, the return is rarely
worth the commitment.
16. A lovely deck can be done well
without spending a fortune and
will get buyers thinking about how
to use that exterior space.
17. If you are considering a property
rehab project and need funding,
Center Street Lending can make it
happen. We lend in CA, AZ, CO, UT,
TX, FL & NC, up to 80% of the
property purchase price as well as
80% of your anticipated rehab
costs.
18. Give us a call today or request a no-
obligation quote online. We can
fund your project in as little as 24-
hours! Follow Center Street
Lending on Twitter for all the
latest updates.