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Showing posts from October, 2021

Plumbing Issues Every Fix and Flipper Should Know

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  Old homes commonly have a myriad of plumbing issues that need to be taken care of. Fix and flippers often lack the knowledge about what to focus on when dealing with plumbing before putting up a property for sale. These are some of the most common issues that they should be aware of:     The Perils of DIY Fix and flippers focus heavily on saving money wherever they can to ensure that they get the most profit possible on sale. There are some departments where you need to allocate your budget more heavily and plumbing is one of them. The most common solution that people employ to save money on plumbing expenses is doing everything on their own. It can be fairly costly  if you manage to cause any damage, and the repair costs in such a case could be a lot more than you were initially saving. This isn’t one to cheap out on. The Lack of a Permit Damages Value Before you take on any major plumbing work in your building, it’s important to have a permit for it . In many cas...

Property Appraisals: Why Do They Matter?

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  It’s common for property owners and potential buyers to assess a building with the help of a realtor to get an idea of the price and value of a property. But what purpose does it serve? Here’s why you should be getting property appraisals: Buying And Selling a Property How do you determine what the buying and selling price of a property should be? There are a plethora of factors  that can drastically raise and reduce a property's price. How big the property is, its inner renovation, the furniture that comes with it, and what kind of locality it's located in. In some cases, it might be harder to afford a small home in an affluent neighborhood than a larger property in a less-liked area. Appraisals help look into the market properly to figure out competitor analysis, neighborhood trends, and research on the different aspects to give a proper number that might appeal to both buyer and seller. Fix and Flip Considerations For fix and flip projects, project managers tend to go ove...