Renovate Real Estate To Create Wealth Get Paid When You Buy
1. Buy at the Right Price - at least 20% (Return On Investment)((dollar amounts invested)) Profit after all expenses when you sell. 2. Improvements - update the Kitchen (with no tear outs anywhere) make it lighter and brighter, curb appeal (landscaping/ exterior paint), Bath and Closets - make them clean and uncluttered, add treated (waterproof floors) / sky light/ TV /stereo system. 3. Get a HELOC home equity line of credit, interest only. 4. Nice features to add - vinyl and brick or block are ideal for the exterior, a walk-in pantry, island, counter space( phone book - tile and stone showroom), ceramic tile the bathrooms, add Lots Of Trees, Front porch, parks increase value 62%, * Ask neighbors for contractors. *Hire an Industrial Roofer * Improve Circulation (flow through the house and air circulation on the outside). Rent 2% of after repair value. pay no more than 65% of after repair value.
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