Nobody gets into real estate just to “break even.” Any investment that’s worth doing is one that you should be able to earn a profit on in the long run, whether you’re planning on selling the property or renting it out. The good news is that there are a few ways you can up the value of the property without shelling out for expensive renovations or simply wasting time by waiting for overall market prices to rise. Keep reading for four tips you can follow to help your real estate listing increase in appeal inside and out. 

1. Give it a Fresh Coat of Paint

Never underestimate just how much a simple coat of paint can do. Especially if it’s been a while since they were maintained, the walls in your property may be well overdue for some patching and painting. While painting the walls of a home certainly doesn’t take anywhere near as long as renovating it, it’s still important to work slowly and steadily. Make sure you paint even lines and don’t leave behind any drip marks or unwanted stains. Always cover up floors and any furniture that may be exposed. 

If you want to give the home an all-new vibe, then a new color scheme may be in order. That said, be sure to pick out lighter, crowd-pleasing colors in order to lower the risk of turning away some potentially interested buying or renting parties. 

2. Stage It

Whether you’re selling or renting, you can instantly boost the home’s appeal with some tasteful, well-placed decor and furniture. Don’t worry about filling the place; too much will make the property appear cluttered and intimidating. Instead, place neat rugs in rooms without carpeting and consider putting in some curtains. A few statement pieces (like framed art and/or plants in modern vases) can add some color and spark life into the property. 

3. Brighten the Curb Appeal

The first thing anyone sees is what the property looks like from the street. So no matter what you do to vamp up the inside, make sure you are not neglecting the exteriors. Lawns should always be taken care of, meaning regular mowing. Consider designating space for a garden or adding some large potted plants. Trim away any overgrown hedges or trees. Old fencing may need to be replaced or repaired, or in some cases removed entirely. Adding in patio seating or even a grill can be a selling point for many potential new owners or lease residents. 

4. Upgrade the Home Tech

Long gone are the days when the only electronics you needed to woo home buyers were functioning lights and a few kitchen appliances. Many modern home buyers and renters (especially those willing to pay more) are looking for “smart tech” like energy-efficient thermostats, keyless locks, and smartphone-compatible appliances. While you don’t need to go all out, the good news is that home tech is becoming more affordable than ever. Having at least one new system installed on your property will help set the listing apart from others and also give the value and instant boost. 

What is a hard money lender? And why is it that many of them prefer to go by a more friendly-sounding monitor — private lender? It is most likely because when people hear the phrase hard money lender, they automatically assume a person is talking about a loan shark. What needs to be realized, though, is that hard money lending is not bad. In fact, it can be a very reliable source of funding for people who are looking to make fix-and-flip investments.

Reasons you can take advantage of a hard money lender

The following circumstances are examples of instances in which you can take advantage of a hard money lender:

  • A property is identified that you must purchase in a very short amount of time in order for you to make a good profit on the investment you make.
  • You are interested in buying a piece of property that requires extensive rehabbing but you do not want to pay for the rehab out of your own pocket.
  • You are unable to secure funding through a traditional banking institution.
  • You want to take advantage of a short and simple loan application process.
  • You need quick access to money.

You have probably heard a few things about hard money lenders before, and these things may not have been good. What you need to realize, however, is that these lenders are just as interested in making money and making sound investments as you are. They want everyone involved in the loan process to be satisfied, including the borrower. When you choose a hard money lender, you should make sure you are borrowing from an entity that provides you with a constant supply of financing as you never know when you will need to access funds for the fix-and-flips you are investing in.

The Benefits of Hard Money Lenders

As you can see already, hard money lenders bring many benefits to the funding table. Let’s take a quick look at a list of these benefits:

  • You don’t need to meet a long list of requirements to qualify for financing.
  • You can take advantage of asset-based lending.
  • More collateral options than you will find through traditional banks.
  • Hard money lenders understand the importance of making repairs to your fix-and-flip properties.
  • Lower down payments than you will have to pay to secure funding through a traditional bank.
  • Faster loan approval.
  • Quick access to funds.
  • The application process is very simple.
  • No hidden fees.
  • Reasonable and affordable loan rates.
  • Rehab properties can take advantage of short-term bridge loans.
  • Repayment options are very flexible.

A hard money lender shares the same vision you have in regards to the investments you are making. They have an extensive amount of knowledge relating to fix-and-flip investments, which is why they are so eager to lend money to help you fix up the properties you buy. They are more apt to lend money because they lend funds based on the after-value of a property rather than the current-value. They take into account what the property will be worth once the repairs and remodeling have been completed.

Knowing How to Choose a Hard Money Lender

As you can imagine, all of the benefits brought to you by a hard money lender can only be accessed if you partner with a lender that is reliable and reputable. This is why it is so important to choose a lender that has a good reputation and that you deem as trustworthy. To help you assess the reputation and trustworthiness of a lender, you should ask yourself the following questions:

  • Is the hard money lender licensed?
  • Is the hard money lender bonded?
  • Does the lender have extensive knowledge relating to the real estate area in which you are wanting to purchase property?
  • Does the lender have references you can contact?
  • Does the lender make it simple to understand any listing fees?
  • Does the lender offer flexible repayment options?

The Takeaway

If you are looking to invest in a fix-and-flip, you need to make sure that you consider all of your financing options, including hard money lending. You may have heard bad things about this lending practice in the past, but truth is, it is a very reliable source of funding that can provide you quick access to the money you need to make the most money out of your next investment.

Hard Money Lenders California

Many people have likely seen or at least heard of reality television shows that follow the journey of real estate investors who purchase a property that requires some tender loving care and carefully transform it into something they can sell for a significant amount more than what they spent on it. This is also called flipping a property.

California Home Builder Reviewing Construction Plans with Clients

One of the latest trends in real estate investing is flipping houses. More people are buying homes that are selling for a low price to make renovations and changes that can boost the value of the home, quickly turning the home around for a profit. Unfortunately, it is possible to do house flipping incorrectly, which can end up costing you more money than you make.