PDX Renovations

Category: Uncategorized

  • Selling Rentals?

    We all have dreams. Dreams of freedom from debt, our jobs, even the kids flying from the nest. What if you got to reach your dreams quicker. By selling your troublesome “rental property” you can benefit highly and get some freedom a little sooner. Selling rentals? We can help.

    Renters can be bothersome. Money can be tight when holding onto another home that is dragging you and your wallet into a pit of debt. Sometimes the stress seems insurmountable, but selling your rental home might just be your ticket out.

    No more renters calling or emailing about problems with the home.

    No more worrying that your renters might move out and leave you with one month or two or even more months of no rental income.

    Freedom to do more with the proceeds of your sale. Perhaps you have wanted to take that big trip abroad or redecorate the kitchen in the house you currently live in. Having an unexpected windfall would be nice for such occasions. Selling rentals can be easier than you think.

    Before deciding on such an endeavor, reach out to your tax advisor and local realtor. They can be a wealth of knowledge in helping you get what you want and need from the sale. But for instance, you need a new roof, or the kitchen needs updating from it’s 1980’s retro look, or perhaps it’s time to change out the carpets. For most of us, we don’t have that kind of cash lying around. That’s where we can help. Fill out our sell fast form and see what we can do for you, with no repairs or out-of-pocket costs. No worries. Just a fast “All cash offer” within an hour of us viewing the property. Again, selling rentals can be easier than you think.

    https://patient-liger-dev.10web.site/how-we-buy

     

     

  • Costly Home Improvement…the real story

    When you decide to sell your home, one of the first thoughts that comes to mind is how to fix it up in order to maximize its dollar value. Of course, such an endeavor can encompass a variety of home improvements, from planting new shrubbery to installing new hardwood floors. Whatever the project, expenses can add up — quickly. The general rule of thumb is to only invest in home improvements that will add at least twice their cost to your home’s value. But the reality is, you often don’t get much bang for your buck: the average return on your remodeling investment is usually 20 or 30 percent less than you spend. And that’s to say nothing of the missteps homeowners make in their efforts to ready a home for sale. To wit, here are some common pitfalls homeowners find themselves in when attempting to improve their home for resale:

    -Trying to “add more space,” such as converting a garage into a living room. This can make a space seem incongruous with the rest of the house, and the chances of recouping the cost are minimal.

    -Destroying period details (often unknowingly) that may have real value. Pulling up ‘70s-era carpeting is one thing, but removing a circa-1900 bannister because it is showing wear also removes what many would deem a treasure.

    -The kitchen remodel. As many experts will attest, the kitchen is the single biggest selling point in a home. With that in mind, sellers often go all-in on a kitchen remodel, which can easily run as high as $50,000 or more. Yet, a fully remodeled kitchen usually earns 80 percent of its money back, making it one of the worst investments for home sellers.

    The above doesn’t even take into account the headaches inherent with any major (or minor, for that matter) home improvement project. The inconvenience, delays, threat of budget overruns, and questions of workmanship can all turn the most well-intentioned of projects into much more than you bargained for. When you take a look at the factors involved, it may cause you to think twice before diving into the process of costly repairs and consider selling your home as-is in a fast cash sale.

    Do you have a house, lot or land to sell. Fill out our sell fast form and get a Cash offer within 1 hour of us viewing the property.

  • 3 Smart Moves Before Selling a House You Didn’t Plan on Owning

    1. Assess the Value

    The first step in deciding what to do with the property is gaining an understanding of the house’s worth. There are a number of free online sites where you can get some ballpark estimates that, while they won’t be that exacting for a single piece of property, will at least get you started.  Sites like Zillow.com, Trulia.com and Realestate.com all include property value estimators. Simply enter the property address to see an estimated selling price.

    2. Get a Professional Appraisal

    If you’ve done your homework outlined in the first step, then you have a fairly good sense of the property’s worth. To get a more accurate picture, a professional appraisal will yield a comprehensive report specific to the house that will give you a better idea of its market value.

    3. Analyze Potential Options

    Armed with a good sense of the home selling worth and a better understanding of the local area, its time to crunch some numbers. This step, too frequently overlooked, can be critical to helping you understand the best course of action. Take a hard look at your option from the following perspectives.

    a) Rental options. Make sure you factor in all the costs associated with renting. These will include your costs of repair and renovation, marketing, property taxes, ongoing maintenance, projected income loss when vacant, conditions that may impact the market value, etc. These factors are very important to understanding your cash flow needs as a landlord and whether or not renting is a good financial decision.

    b) List it with a realtor. Selling can certainly help you avoid ongoing issues and potential headaches associated with being a landlord, but it still may require some upfront hard-dollar investment to get the property in market-ready condition. Evaluate not only these costs, but also the time the house won’t be on the market and whether market conditions point to rising or declining value. Time is money and timing is everything. Factor in the fact that selling through a realtor doesn’t come without costs. Consider commissions and other fees that will take a bite out of your profits when you sell the house.

    c. Sell the house for cash. A hassle-free option that can be done fast, selling the house for cash, can eliminate the need to spend any out-of-pocket money, commissions and fees. You can sell the house in “as is” condition cleanly and quickly, pocket the profits and be on your way.

    To determine the best course of action with an extra house, do your homework, understand the value and the costs and profits involved with each option.

    How do you evaluate options when it comes to real estate?

    Do you have a piece of property (house, lot, or land) you’d like to sell fast?  Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property.