subject: House Rehabbing Tips For The Struggling Investor [print this page] If youre a struggling real estate investor who is making just enough profits from house rehabbing, you probably can do something about it. Maybe there are repairs or improvements that you arent doing right. Read on and discover some of the possible mistakes that you may be committing in your house rehab projects.
House rehabbing concerns not only the actual house but the whole property, including the lot. That is why when doing house rehab projects, it is important to keep in mind that the whole property should be attractive for prospect buyers. Do this by caring for the lawn and the backyard. The lawn is the venue of countless weekend barbecues. It also serves as the playground for little children. If your prospect home buyers cannot imagine their children running around the grass, or themselves grilling T-bones and sausages in that area, dont expect them to like the house either.
Beautifying the lawn also helps in improving the propertys curb appeal, or the attractiveness of its exteriors. Apart from a lush green lawn, it also helps if the house is newly painted. Be sure to choose colors that give the property life. Dont forget minor details like the house number and the mailbox. When house rehabbing, be sure to solve small problems. A minute hitch represents a bigger, hidden dilemma for home buyers. Do not let them be discouraged from buying the property just because there are hints of rust and neglect on small details like the mailbox and house number.
A rehab house project will also likely compete with other similar properties in the area. The situation will be more complicated when new units come to the picture. In todays real estate market, expect competition to be pretty stiff. For that reason, your investment property must have some of unique quality that will increase their recall factor. For instance, you can install a Jacuzzi tub instead of the regular bath rub. While there is a difference between their prices, a Jacuzzi tub increases will make your house stand out from the rest of the properties prospect home buyers looked at.
The most dangerous mistake you can perhaps do when house rehabbing is not educating yourself. You see, the business of doing house rehab projects is also like technology. You must be updated or youre out. Always check online for the latest news and trends on real estate investing.
