Flip it!

Do you sit at home watching HGTV or DIY and think I can do that? You see these first time real estate investors laying it all on the line and making big profits. As an experienced flipper I can tell you that choosing the right property and making sure you have a contractor that will stay on budget and can detect any defects before you sign on the dotted line is HUGE! A small mistake in a flip can make or break any profit you had hoped to walk away with. In Huntsville there are some great investment opportunities but the margins are smaller which means the risk is smaller as well but you really have to make sure you do all your research before purchasing.

Five things to make sure you know before you buy.

  1. Unless you are a general contractor spend the money on a good home inspection before you buy. Inspectors are not specialist in any one field but will give you a good overall look at the house and may detect some items you missed in your assessment.
  2.  Hire a professional to do any and all plumbing, electrical, and structural work. This way if any of these items come up during the resale process you have someone to hold accountable and you have that warranty to transfer to the new buyer which is a huge selling feature. Buyers like to know that a licensed professional was involved with any specialty work done to the property. It is well worth this investment to transfer this liability to the professional in the field.
  3. Be prepared for surprises. You have gone through that budget with a fine tooth comb and are sure it will not go a penny over budget. Let me start by promising on your first few investment properties you will go over budget unless you take out a planned improvement to cover a surprise. So make sure you have a little wiggle room in the budget for unexpected costs and make sure you have included at least 4 months of carrying costs and realtor fees. These costs can add up and can take you from + to – real quick.
  4. Keep your personal taste out of it. I know you may love modern or country charm but make sure any investment property is kept generic. A home that is too personalized is hard to sell and limits your audience. So before you make those design and palate choices go out and visit several builder models. Builders do this for a living and know their market so take their lead and keep it clean and simple.
  5. Do not scrimp on curb appeal. It is easy to spend your entire budget on that dream kitchen but the curb appeal is what gets the traffic in the front door. If the home looks dated outside and the yard is in disrepair you are going to lose a large percentage of your potential buyers before they even make n the front door. Many buyers will start their new home search online and then drive around taking an exterior look at homes before contacting a realtor for a tour. You want to make sure your home looks as nice from the road as it does inside.

And remember this is supposed to be fun so relax and have a good time. I love working with investors in identifying potential properties and will work with you through the entire process.

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Best views in Huntsville

Governors Bend is one of the most sought after neighborhoods in Huntsville with amazing city views and convenience to the medical district and downtown. You can lay in bed in your master retreat and look out at this view of one of our city’s most important landmarks – Our rocket (Saturn V).

2309 Old Wagon Rd is a wonderful home; built on a bluff lot and offers many amenities including granite in the kitchen, stainless steel appliances, over-sized 3 car garage, 4 bedrooms with a large master suite. The fourth bedroom is located on the main level and could be used as an office or study with its massive windows and views of the city.

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The backyard is a wonderful retreat that you could enjoy year round. The owners have taken great pride in ownership and it shows in every nook and cranny of this home. This home is being offered at $500,000 call me today to take a private tour.

Your new home!

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1718 Alm Dr NE Huntsville, AL 35811

If you are looking for a spacious home that offers a full mother-in-law suite complete with kitchen, laundry and separate entrance look no further. This home is located in NE Huntsville’s highly desirable neighborhood of Gladstone Place just minutes from I-565 and Research Park this home has it all. With 5 bedrooms (3 upstairs and 2 in the basement) and over 3,700 square feet there is plenty room to spread out. The basement could be used as a rental income or would be a fantastic home for extended family.

The roof is one year young and backyard offers a ton of privacy with deck. This home is offered at $299,000 and I would love to give you a tour. Just call me to set up a time @256-513-7299

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3 things to do to help sell your home

In today’s competitive housing market there are several things all sellers can do to help the sell their house.

  1. The most important thing is price. Everyday your house is on the market and not priced correctly you are losing potential buyers and your listing is aging. When buyers look for a house they set up specific price ranges to search and maybe you are willing to come down to their range but unless you have your home priced right they will never see it in a search to even consider it an option. You need to make sure your price is driven by actual comparatives – homes that have sold in your neighborhood or area if you are rural. You can price your home however you want and even accept an offer at your full list price but if your house cannot appraise for the sales price you will have to renegotiate with the buyer so they can secure lending.
  2. Curb appeal – This is sometimes overshadowed by interior amenities but making sure your home looks appealing to potential buyers from the street is extremely important. Many buyers look for a new home online and then drive-by before calling their agent to see the interior. So while you may feel that any potential buyer will fall in love with the interior of your home you have to get them through the front door and that is where curb appeal can be the thing that sells your home. So make sure you keep the grass cut, hedges and shrubs trimmed, and sidewalk clean of debris. For an added bonus put a few potted plants on the front porch or a nice welcoming wreath on the front door. Don’t overlook the gutters as overflowing gutters are a sign of homeowner neglect and can turn away buyers.
  3. Clutter – Before listing your home make sure you clean up the clutter. If you need to rent an exterior storage container to do it then make that sacrifice. It is better to have the container in the driveway and a clutter free home than to have your home overfull of contents so potential buyers miss its charm and space. A cluttered home can make buyers feel that the space is small. You want the home to feel spacious and open so buyers can see their items in the home and plan spaces.

Keep these three things in mind before trying to sell your home and know that any one of them can be a deterrent but if you do all three you will have interested buyers and traffic.