There is money to be made in real estate, no question about it! However, if you are looking to buy homes to quickly renovate so that you can flip them just as quickly, there are some potential problems you may encounter when the work begins. Whether you are new to real estate investments of this type or have been dabbling in quick sale properties for years, you could save yourself a lot of time, money and frustrations if you know what to look for before making an offer.
If you are looking for quick sale properties, it’s vital that you add ‘asbestos’ to your checkpoints when inspecting properties. Since March 1977, the use of asbestos for insulation and fireproofing was outlawed in the United States. How frustrating would it be to renovate a home for a quick sale, never knowing that the hidden asbestos in the walls or ceilings could prevent the home from passing pre-sale inspection? If you are going to buy properties to flip quickly, always check for asbestos. Government-backed loans would be denied if asbestos was found during appraisal!
Structural Integrity of Windows and Doors
Another thing you may wish to consider would be the structural integrity of all windows and doors. Yes, you’ll have had the home inspected for termites, but those aren’t the only reasons for damage to the frames around doors or windows. Time and weather can cause wood to rot, as we all know, and a homebuyer looking for a home priced for quick sale is not usually in a financial position to replace those rotten frames. However, if all is in order, you can always quickly install window coverings because they are not expensive and a hot seller. Check out Next Day Blinds to see just how fast you can measure and get window coverings to meet your ‘Quick Sale’ needs.
The extent of Roof Repairs Needed
If you are relying on loans to buy homes to renovate for a Quick Sale, you probably know that the roof is one of the most vital checkpoints in an appraisal by the lender. However, if you are funding these homes with your own investment capital, do check out the extent of any damage to the roof. If it is extensive and has remained so for any length of time, there very well may be damage to the structural integrity of the foundation. Even if there is no damage to the foundation, how long would a total roofing job take and how expensive would it be? Minor patches to missing tiles are acceptable, but a total re-roofing job would eat into any profits you hope to make.
While flipping homes for Quick Sale is a huge industry, there are several areas which can actually result in a loss rather than a profit from your investment. Always make sure the renovations or repairs you need to make are not costly and time-consuming. You are, after all, in this to flip homes efficiently and quickly. That’s where your profit lies. Take the extra time to inspect carefully before making an offer you’ll later regret.
Did you know that the squeaking you hear from your pipes is the hot water causing the pipe to expand? This and more great plumbing information is provided in this article. If you are looking for clear and concise information, then read the tips we have provided below.
To help you repair a leaky water line, you should hire a plumber. A leaky water line can be a problem because it could lead to a flood. The best way to fix this problem is to hire a licensed plumber who is trained to repair the leak.
If you have bad water pressure in the shower, the showerhead might be clogged. Take a plastic baggie, fill it with regular vinegar, and tie it to the showerhead so that the showerhead is covered. Leave it overnight. In the morning, take the baggie off and use a small toothbrush to scrub away any mineral deposits. Continue reading “Plumbing Tips That Can Save You A Bundle”
Plumbing can be a very personal type of home improvement. It involves particular needs of an individual’s home. This vast world has so many techniques, equipment, and regulations that it can seem a bit confusing as to where you need to begin. These tips can help you make sense of the confusion.
Rigid copper is used for main water lines in many homes. You cannot bend rigid copper, so joints and tees must be soldered on. When soldering, always apply flux (also called soldering paste) to both surfaces. Flux retards oxidation when the copper is heated. Always use lead-free or nearly lead-free solder when sweating a copper joint.
Nobody really wants to think about having a huge plumbing issue in their home that requires a plumber. That’s because it can get expensive and can ruin your floors and other items in your home, if it gets out of hand. Never fear because you can learn to do your own to prevent such problems by following these tips below.
Don’t be afraid to call a professional. Don’t take on jobs to save money, if you aren’t sure how to fix them. Calling a professional plumber saves you money, the experience and know-how can fix your problem sooner and with less fuss.
Making sure you know all of your problems so you can have them fixed by one plumber visit is very beneficial. Having them all fixed in one visit takes a lot of money off of your bill because you don’t have to pay for the visit multiple times so make sure you make a list first. Continue reading “Why You Should Think About Hiring A Plumber”