Reality TV shows about house flipping make it look easy. But behind every lucrative renovation project, there are factors that impact profitability such as buying price, labor costs, unforeseen setbacks and perhaps most importantly, location. There is no escaping the old real estate adage of "location, location, location." Home-flipping entrepreneurs must take into account whether polishing up a blighted building is in a viable resale neighborhood. One of the location factors some house flippers … [Read more...]
Fall Outdoor Lighting Tips
Many people associate the fall months with cooler temperatures and changing colors. But another defining characteristic of fall is that the days become shorter. Yes, there's limited daylight, as the sun rises later and sets earlier. Noting this, it's important to take any exterior lighting into consideration if you're listing your home this fall. It's important because you want your home to have a welcoming vibe to it, but with the potential for showings to occur in limited daylight, some … [Read more...]
Common Misconceptions About House Flipping
Reality TV shows have energized everyday people to dive into the real estate market and make money flipping houses. The dramatic presentation and profitable end results make the industry seem like a sure thing. But house-flipping, like any industry, has its share of challenges. Television often props up ratings by showing industry pros overcoming adversity and getting a big win. But reality, unlike Reality TV, is filled by behind-the-scenes unknown obstacles. While house-flipping has emerged as … [Read more...]
Pros And Cons: Older Homes Versus New Construction
Opinions differ about whether home buyers are best served by purchasing an older home or new construction. New homes enjoy that "new home" smell and the idea that you are the very first occupant can be very appealing. On the other hand, older homes resonate with nostalgia and many architectural design elements are no longer commonly used. While some people feel strongly one way or the other, it's a lot like comparing apples and oranges. The right home for any home buyer is the one that fits … [Read more...]
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