Real Estate Information |
|
Flipping Fixers: Using Transformation Psychology for Top Dollar
Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a fixer into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits. By incorporating the psychology of residential design, you can make wise choices in transforming your fixer house by using colors, textures, building materials, and decorations that will assure a future speedy and cost-effective sale. The psychology of residential design addresses the entire home, inside and out, but the techniques of Transformation Psychology are a bit different, because your ultimate goal is different. The use of Design Psychology in your personal home is much more individualized, while renovating a doghouse into a dollhouse integrates more generalized design ideas to create a home that will be appealing to a broader spectrum of people. Using Transformation Psychology to increase your real estate profits means that you must learn how our human senses and emotions are affected by our decorating details and choices of materials. Buyers view a prospective home with their eyes, but their brains interpret what they see and feel according to subtle touches you have purposefully put into your house. Process of Transformation Psychology Your goal is to create a glorious home that buyers won't be able to live without, and that process begins with planning all the changes that will be necessary, from inception to realization, in order to accomplish a total makeover of the house. Color Psychology Determine your potential buyers' income level and your selling season. Use simple colors for less expensive houses and complex colors for upscale markets. Add in warm colors to attract buyers during cooler weather and cool colors to attract buyers during hot weather. Texture Psychology Many investors fix up houses to flip without considering how the vacant house will 'feel' to prospective buyers. This isn't a problem in hot selling markets, but selling a vacant house in a buyer's market means you need to outshine the competition instead of pricing your home lower. Vacant houses often feel cold with all hard surfaces. Avoid a boxy, hard feeling by adding soft textures. Window coverings, towels in the bathrooms, and a lightweight round table with a fabric tablecloth add texture to soothe the buyer's emotions. Buy Materials with Drama in Mind Instead of buying the cheapest lighting fixtures, cabinet hardware, and other building materials, look for additions which buyers fall in love with. This doesn't mean you need to spend more, just be selective. We found an awesome chandelier for only $25 at Restore (Habitat for Humanity's thrift store); I found matching wall scones at Lowe's (where the chandelier sold for $300). Paying $50 more for the wall scones than most investors would have meant little when the house sold for more than any other home previously sold for in the neighborhood. We love taking a dirty doghouse and turning it into a marvelous dollhouse, and we're willing to invest more time and money than the average investor in order to achieve a truly dramatic transformation. We usually spend about $12,000 for each renovation, which includes the cost of materials and outside help. Many investors spend much less, but they make less profit when the property sells. Real estate investing takes skill and planning, but using Transformation Psychology can give you a competitive edge, taking a doghouse and turning it into the kind of dollhouse that buyers will stand in line to bid on. (c) Copyright 2004, Jeanette J. Fisher. All rights reserved. About The Author Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, and newsletters, see http://www.doghousetodollhousefordollars.com/.
MORE RESOURCES:
Opinion | The Nature of the Real-Estate Business The Wall Street Journal Real estate agent uncovers 'misinformation' involving major settlement that could shake up industry practices Fox Business Three Tax-Smart Strategies for Real Estate Investing Kiplinger's Personal Finance FBI is investigating Eastside real estate firm iCap, lawyers say The Seattle Times Pummeled Blackstone Real Estate Unit Seems Poised for a Revival | Chief Investment Officer Chief Investment Officer Gisele Bündchen's Houses: A Peek Inside the Supermodel's Real Estate Portfolio Architectural Digest See How Commercial Real Estate Deals Are Being Cut As Debts Mount Business Insider Public records: Muskingum County, Ohio, real estate transfers Zanesville Times Recorder Real Estate Transfers: March 28, 2024 - Riverhead News Review Riverhead News Review Brooklyn real estate fraudster sentenced to prison after swindling victims out of nearly $1M • Brooklyn Paper Brooklyn Paper UBS Flags Commercial Real Estate Downturn as a Top Risk U.S News & World Report Money Squatters 'claim everything to be theirs,' real estate agent says WPTV News Channel 5 West Palm Another office building to rise within Crescent Fort Worth development The Dallas Morning News Ex-LA deputy mayor Raymond Chan convicted in real estate corruption scandal South China Morning Post Trilogy Real Estate Group Hires Deanna Mayer as Assistant Regional Vice President and Product Specialist PR Newswire SRS Real Estate Partners closes $11.91 million sale of Toledo shopping center – REJournals REjournals.com Ask a real estate pro: How can I protect against wire scams? South Florida Sun Sentinel Apartments and warehouses – today's real estate darlings – in for a rough ride Pensions & Investments Real estate commission changes could be coming this summer Spectrum News 1 Opinion | The Nature of the Real-Estate Business The Wall Street Journal NAR Landmark Real Estate Settlement Spurs Uncertainty Behind The Hedges Fortune Favors Early Movers in America's Property Crunch The Wall Street Journal 'Property poetry'? Real estate ads and literature have more in common than you might think The Conversation How New Rules for Real Estate Commissions Could Affect First-Time Buyers The New York Times The POWER 30: Construction & Real Estate Law 2024 Minnesota Lawyer Homes for Sale in New York and New Jersey The New York Times Real Estate Transactions for March 28 Zip06.com Real estate and property management TOGETHER | Business | derbyinformer.com The Derby Informer Gaston County approves incentives for proposed Tectonic Real Estate industrial project - Charlotte Business Journal The Business Journals Most Impactful Real Estate Leaders 2024 - Forbes Lists Forbes Middle East RioCan Real Estate Investment Trust Completes Issuance of an Additional $150 Million of Series AJ Senior Unsecured ... Business Wire Homes for Sale in Manhattan and on Staten Island The New York Times Inside Business: Flanery: The perks of real estate ownership at tax time Estes Park Trail-Gazette Jon Stewart benefited by 829% 'overvalue' of his NYC home even as he labels Trump's civil case 'not victimless' New York Post REAL ESTATE | What would you like to see happen with the old Kettle Moraine Bowl? washingtoncountyinsider.com Higher Home Prices Means Higher Property Taxes The New York Times Texas Real Estate Veterans React to NAR Settlement The Real Deal Real estate giant Compass to pay $57.5M to settle clams it overcharged US home sellers New York Post Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure Investopedia Legend Brewing puts Manchester property up for sale RichmondBizSense Best time to sell a home is now; Philly ranks high as rental destination - The Philadelphia Inquirer Best time to sell a home is now; Philly ranks high as rental destination The Philadelphia Inquirer Realtor group will pay $418M to settle commission lawsuits The Associated Press Thought Leader Dan Barrins shares Chicago’s real estate transfer tax reaction WGN Radio - Chicago Acore's US real estate debt fund gets New Mexico SIC backing IPE Real Assets The Office Market Is in Turmoil. So Why Are Rents More Expensive? The Wall Street Journal Marquis Who's Who Honors Raquel Lavender for Success in Real Estate 24-7 Press Release Real estate transactions in office sector down $1 billion from last year Scotsman Guide News One of central Ohio's oldest homes comes listed for sale The Columbus Dispatch Realtor commission change delivers a boon to homebuilders, a blow to real estate platforms Yahoo Finance New Rule Change Could Be 'Worst Thing Ever' for Realtors And Great News For Homebuyers, With This Real Estate ... Yahoo Finance PBS NewsHour | How real estate commission changes could impact the market | Season 2024 | Montana PBS montanapbs.org Kingswood Wealth Advisors LLC Has $420000 Position in Vanguard Real Estate ETF (NYSEARCA:VNQ) Defense World CVA Family Office LLC Invests $56000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Defense World SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Shares Pass Below Fifty Day Moving Average of $23.83 Defense World Why Every Residential Real Estate Investor Is Suddenly Richer Financial Samurai Is The Housing Market Going To Crash? Bankrate.com Check-Cap to Be Bought by real estate Marketplace Nobul The Wall Street Journal Chicago Voters Reject Real Estate Tax Change to Fund Homeless Programs The New York Times 'Shark Tank' star Barbara Corcoran reveals when housing prices ‘will go through the roof’ Fox Business 4751 Shares in SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO) Purchased by CoreCap Advisors LLC Defense World High-ranking officials' wealth dips due to real estate The Korea JoongAng Daily Real estate PE house Northwind brings in veteran capital raiser Kalish as fundraising head AltAssets Private Equity News How sweeping U.S real estate changes could impact Canada Yahoo News Canada Climate change may transform Nantucket's real estate market The Boston Globe |
RELATED ARTICLES
Real Estate: A Strong Investment Description: Even in uncertain economic times like these, history shows that real estate is one of the soundest investments a family can make. Also remember that the stock market is not the only place where people can make their fortunes. Talk to a Lender Before You Sell Your Home If you're looking to sell your home quickly, and for top dollar, the best thing you can do is to be able to offer your buyers some sound financing options. That's why developing a relationship with a lender can be the key to a quick sale, and to more money at closing. Boom or Bust For those looking to invest in the real estate market?keep your eyes on the headlines. According to the Federal Deposit Insurance Corp. Selling Houses: Design Psychology and Interior Colors Interior colors are vitally important to selling your home quickly, and for more money. But you must always take your target market and selling season into account, using Design Psychology techniques, when choosing the colors for the inside of your home. Real Estate for Beginners: Residential Property Taxes Whenever you own a piece of land, you will be taxed for it. Whether it is commercial property or residential property, there is still a tax to pay, whether it is for a village, town, city, county, or state. Real Estate Investment 2005 - The Hottest Countries for Investment in 2005 Whether you are a real estate investor looking for a steady and 'safe' investment in a proven market or a real estate speculator willing to gamble on the unknown and undiscovered in the hopes of gaining a significant ROI (return on investment), this article covers the real estate investment hotspots for 2005.A recent UK government report discovered that there was a 250% increase between 2000 and 2004 in the number of Britons buying property abroad solely for investment purposes, and this trend does not seem to be limited to the UK nor does it seem to be slowing down!The global stock markets seem to be in decline, there is a worldwide pension crisis looming and we have uncertainty in the Middle East, in the UK the housing market is unaffordable, possibly over inflated and unlikely to bring significant returns for investors late in on the game and so more and more of us are looking further a field for our investment opportunities. Canal Front Homes in Venice A bit about VeniceVenice, Florida was named by an early explorer who thought the beautiful, clean canals that snake through the coastal community starkly resembled the canals of the historic city of Venice, Italy. In the 2000 census, Venice, Florida had a population of 17,764 people and that number has continued to increase over the last five years. Buying Houses at Discount Prices Buying a house is the best way you can create immediate equity. Gaining equity through buying a house is something which is very easy to do, as long as you follow these guidelines. I have a buyer for your property and I can sell it now! A Realtor has just talked to you and said, "I have a buyer for your property and I can sell it now; perhaps for more money than the price your current real estate agent has it listed for." Have you heard this or a version of this? Or, "I have a buyer for your property and I can sell it now; for Big Bucks (with an incredibly high figure named) perhaps for more money than that. Housing Froth Creating Imbalance for Consumers and Investors Home buyers and sellers should think twice before jumping into over-heated real estate markets. Fed chief Alan Greenspan feels the housing boom is economically imbalanced or uneven. NAHB's Voluntary Model Green Home Building Guidelines The voluntary Model Green Home Building Guidelines are designed to move environmentally friendly home building concepts further into the mainstream marketplace. Currently, there are approximately thirty communities throughout the U. Water, Water Everywhere on the Waterfront Waterfront living is among the most desirable of locations in our area (Florida). The views and vistas are fantastic, not to mention the ability to walk out one's door to drop a line to fish or untie a line to enjoy boating. Finding The Perfect Maui Home For Sale If you are thinking of relocating to Maui, this articlewill hopefully guide you to making a positive decision whenthinking of buying a home there. Hopefully, by the end youwill be one step closer to finding a Maui home for sale,and being able to purchase it. Real Estate Website Marketing - 5 Steps to Crushing Your Competition and Doubling Your Business Getting your real estate website more traffic is easy if you know how Internet marketing works, not to mention search engine optimization. Your goal is to get as much traffic as possible to your website, but not just any traffic, targeted traffic. Want A $10,000 House? How do you find a house for ten or twenty thousand dollars? In three steps:1. Find towns that are affordable. Follow-Up - The Key To Successful Closings If everyone always did everything they said they'd do, we'd all be a lot richer. Unfortunately, tasks are overlooked, and the ball is often dropped. Maintaining Small Town Charm In An Ever-Changing World Virtually any state in the country has the appeal of multiple small towns. Ask almost anyone who lives in small town why they are here and they'll tell you they enjoy the small town feeling while being close to all the conveniences of a larger city. Condo-Hotels - A New Second-Home Alternative to Time Shares Condo-hotels have evolved as a better, more reliable second home alternative to time-shares. They are usually attractive, high-rise hotels on the ocean or in other prime locations, and range in price from the mid $200,000s to over 1 million, depending on the size, location, and amenities. Types of Listings with Agents There are several different types of listing contracts. Few of them are detailed below:Open ListingThis type of listing is when you, the seller, don't want to commit to any one particular agent and when you are also open to selling the home by yourself. Grab Your Dream UK Home On The Cheap - Property Auctions Did you know that every year thousands of UK properties are sold at significantly below market value? The majority of these properties are released through property auctions where regular savings of between 10% to 40% are available to market value. Even so, property auctions continue to be used only by the elite and for the astute buyer/investor this generates a fantastic opportunity to secure a dream home/good investment at bargain basement prices. |
home | site map |
© 2006 TIGER MEDIA |