Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Fixing Houses for Resale: Three Beginning Steps to Increase Profits and Have Fun


Real estate investors specializing in fixers make higher profits when they have a detailed work plan and know how to get around the future resale appraisal issues.

Before you begin your fixer makeover, taking a few extra steps helps you make more money, avoid future appraisal pitfalls, and have more fun.

1) Planning for Profits

Visualize your final home presentation for sale. Write out a description of the future home you imagine for your sales flyer. Name your home something other than just the street name; calling your fixer "Edna Street" doesn't inspire like "Sugar Plum Cabin." Your overall design plan helps you when shopping for building materials with choosing design details that go together for a harmonious whole house theme.

2) Take Photographs for Your Future Appraiser

You may have taken photographs during the escrow process, showing the seller's possessions in the home. If your property was occupied during escrow, it will be worthwhile to take "before" photographs again, both for your own satisfaction and to show appraisers when they ask why you expect to sell the house for so much more than your original purchase price.

Detailed photographs substantiate the original condition of the property, compared to the final result. Avoid possible complications by showing the appraiser all the improvements that you made to the property, in order to get the full amount you deserve in your upgraded appraisal. This is a crucial step, because the appraiser must give you credit for your work and expenses, and not use your purchase price as the basis for the updated home's true market value.

3) Hold a Doghouse Open House Party

We like to invite friends and family for a preview open house before we begin major work on the house. We ask them to bring any unwanted household fixtures or supplies and to offer any fix-up ideas, wild or practical, that may occur to them during their visit. We jot those ideas into a "transformation journal," and refer to them when we need fresh inspiration.

Here's an example of our invitation:

Your presence is requested at Jeanette and Brian's Doghouse Open House. Come view our latest project and understand why we'll be busy for the next month.

Please bring cuttings from your garden and any unwanted paint. Any household or building material hand-me-downs will also be greatly appreciated!

Sunday afternoon, noon to four.

Another reason for a preview party is that the amount of work a doghouse may need sometimes seems overwhelming, and a fun event like an open house helps to overshadow the crushing weight of the work we have waiting for us.

Taking these first three steps helps you ultimately make more money, avoid appraisal problems, and have fun fixing houses for profit.

(c) Copyright 2005 Jeanette J. Fisher. All rights reserved.

Professor Jeanette Fisher, author of "Doghouse to Dollhouse for Dollars: Using Design Psychology to Increase Real Estate Profits" and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, and newsletters see http://www.doghousetodollhousefordollars.com/pages/5/index.htm


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Forbes

7 Real Estate Tools Entrepreneurs Should Know About
Forbes
As an entrepreneur, I'm asked more about my investments in real estate than almost any other question because other entrepreneurs love to know about areas of passive income they can look into to hedge against the entrepreneurial risks they take. Last ...



Real estate transfers: Reported July 22, 2018
Herald-Whig
Real estate transfers recorded in the office of Adams County clerk and recorder. Quincy area. Priscilla A. Moffit and Tiffany A. Nowacki, property at 1407 Cherry St., to Julie E. Nebe. Kristen L. Cook and Ryan M. Cook, property at 1501 Adams St., to ...



Omaha World-Herald

Real estate transfers, July 22
Omaha World-Herald
Waterford Development LLC to Knape, John and Dewester, Gay, 7014 N. 153rd St., $32,000. Celebrity Homes Inc. to Selvaraj, David Nallathambi Thampi and Nallathambi, Abithasanthi David, 16471 Read, $299,730. Baranko Inc. to Fuller, Brian and Deborah ...
Real estate records, 07/22/18Lincoln Journal Star

all 2 news articles »


MassLive.com

Real estate transactions for Hampden, Hampshire and Franklin counties: July 22, 2018
MassLive.com
Agawam. 1762 LLC, to Stuart Amusement Co., Main Street, $255,000. U. S. A. Housing & Urban Development to Lilia Aliyeva, 72-74 Riverview Ave., $200,000. Karen Brunelle and Karen M. Brunelle to Russell J. Bernard and Meredith M. Bernard, 1101 North ...



RisMedia.com (press release)

Using IGTV for Your Real Estate Business
RisMedia.com (press release)
While in its infancy stages, IGTV is an excellent platform for listing videos, open houses and casual videos showcasing the day-to-day happenings of a real estate professional. Beyond that, real estate professionals that utilize this feature will ...



The Tribune

Real estate is king, policy or no policy
The Tribune
The business of land and property is not called 'real estate' for nothing. By now, nearly all — rich, middle class, and poor — would have realised that no other estate, whether executive, legislature or judiciary, can rein in this 'real power'. Even ...



Bloomberg

Oregon Weighs Record Bond for Housing as Real Estate Prices Jump
Bloomberg
Metro, a municipal entity known for running the Oregon Zoo and natural areas around Portland, is asking voters in November whether they want to borrow $653 million to build and renovate housing for people priced out of the booming local real estate market.



Mondoweiss

They made the real estate section bloom
Mondoweiss
It could seem too much of a coincidence, at first, even for the New York Times, to feature a 4.8 million dollar home for sale outside Tel-Aviv in its International Real Estate section on July 18, 2018, the same day the Israeli Parliament passed a law ...

and more »


Al-Bawaba

Expert Predicts up to 30 Percent Increase in Egypt's Real Estate
Al-Bawaba
Member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), Daker Abdellah, predicted that the real estate market will witness an increase of 25-30% in prices, following the government's decision to ...



The Columbus Dispatch

Real estate report: Rising prices, interest don't worry some buyers
The Columbus Dispatch
Rising home prices and interest rates are a challenge for many, but a new survey shows that they're not a problem for some buyers. According to the Realtor.com survey, 34 percent of buyers were unfazed by price and interest-rate hikes. The survey also ...


Google News

home | site map
© 2006 TIGER MEDIA