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  • Three Essential Tips for Fix and Flip Renovators 

    The process of fix and flip renovation involves buying a property for a low price, renovating it, and then selling it for a profit. Television property programs have taken this method of investment to the masses. Yet these glamorous media treatments often gloss over the hard work and financial risk involved. Below, we give our three essential tips for fix and flip renovators. 

    Understand the Seventy Percent Rule 

    The seventy percent rule is the mantra of fix-and-flip renovators. It is a rule that helps house buyers understand what properties are worth buying and renovating for profit and which are best left alone. It states that buyers should pay no more than 70% of a property’s after repair value excluding the cost of repairs necessary for the renovation.  

    When working it out, take the predicted value of the sale after renovation. You should then calculate 70% of this amount and subtract the repair costs. The value remaining is the total that you should pay. Of course, this is only a guideline. The home may sell for more, material costs may change during renovation, or myriad other factors could alter this. However, by using this approach you should be able to turn a profit if no unforeseen circumstances occur.  

    Move Quickly and Smartly 

    When you are looking for the right property, make sure you have the cash ready and waiting. This gives you some freedom when the time comes to make an offer, as it can be troublesome if you need to raise capital quickly. If you do, consider using other properties in the portfolio to finance your new project. Plenty of companies will help sell house fast and if you do your maths correctly, it could pay off if you work quickly enough.  They will often have sales closed in as a little as seven days, allowing you to free up money for your new project. 

    However, don’t let money in your account burn a hole in your pocket. Keep the money sitting and take your time, looking for properties carefully. Educate yourself about local markets and where properties are in demand or rising in value. You may find out about developments like job opportunities coming to an area that could make it more desirable.  

    When you do have the right property, lead with your head and not your heart. Remember it is an investment, not a property that is going to be for your habitation. Plan out your costs along with a timescale, and allow a 10% overspill for any cost rises or unforeseen circumstances.  

    Factor Holding Costs into a Budget 

    One factor many first-time house flippers overlook is holding costs. These are the costs involved simply from owning the property. This can either be in the period you are renovating it or trying to sell. Typical holding costs include bills, load repayments, taxes, and insurance. 

    Don’t be afraid to change tactics during a renovation. You may find some changes are costly or impractical. Other reasons to change plans are if you find the property hard to flip and decide to rent it out for a year. There is no shame in this, as markets and plans can change quickly. 

    15 Sustainable Interior Design Tips For Eco-Conscious Spaces

    Sustainable interior design implies the modern aspect of crafting spaces and understanding varying styles and trends. The need for eco-friendly design emerges from various challenges such as climate change, cluttered space, and losing touch with nature. Sustainable interior design follows the principles of green design, connecting the hues of earth and the texture of nature, […]

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    TADstories with Ar. Anjali Rawat| Anjali Rawat Architects

    Anjali Rawat, the founder of Anjali Rawat Architects talks about her passion for architecture and her design strategies. Anjali Rawat Architects is a multidisciplinary design firm founded by Anjali Rawat in the city of Mumbai. The firm has an expertise in high rise apartments, residential and office interiors as well as resplendent villas. In an […]

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    Paint Your Personality With 15 Color Palette For House Interior

    So when it comes to ambience, colors play a role. As designers, we always look out for a color palette for house interior while walking, travelling, or just wondering. When designing the interior, the color combination, shades, and contrast glimpse into the color palette for the house interior. There are thousands of colors and shades […]

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    20 Must-Read Architecture Books For Any Designer

    Architecture is a discipline with a great depth of sensibility to craft the experience of spaces. Architecture books are the medium for in-depth research, theory, and thoughts often hidden beneath the physical structures. For any architect, student, or enthusiast, architecture books serve as a tool to learn about buildings from the masters. Looking at this […]

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    50 Best Wall Moulding Design Inspirations For Your Interiors

    Wall Moulding Design is a great way to amp up your space and elevate the overall look of your home. There are a wide range of moulding designs that can add a distinct character to your space. Wall moulding design comes from different kinds of materials, such as PVC, plaster, wood, etc. The right choice […]

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    Rooftop Design Ideas – 20 Brilliant Ideas for your Indian Roofs

    Rooftop design ideas open up an interesting world for your roofs or terraces to be meaningful and beautiful at the same time. In India, rooftop design ideas hold immense potential to address critical challenges and enhance community well-being. By integrating solar energy generation, green spaces, and rainwater harvesting, rooftops can contribute significantly to sustainable urban […]

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    50 Magnificent Gate Design That Will Protect Your Home

    Gate Design is an important feature of any home. Numerous scopes for experimentation open up when delving into the design possibilities. Materials like wood and black steel are popular options in Indian homes. At the same time, designers also experiment with a combination of materials that suits their aesthetic. Buying mass-produced gate design has become […]

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    50 Refreshing Terrace Design Inspirations Essential for Urban Spaces

    A rejuvenating terrace design is a breath of fresh air. One can experience the beauty of the outdoors from the comfort of their home. At the same time, a good terrace design can help one relax after a stressful day. It is a representation of one’s style and character. Terrace Design can seem minimalistic and semi-open or functional with a jacuzzi […]

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    Top 25 Architects in Hyderabad

    Hyderabad is a city that boasts a rich and diverse architectural heritage that has been shaped by its history and cultural influences. The city has been ruled by various dynasties, including the Qutb Shahis, the Mughals, and the Nizams, who have all left their mark on its architecture and influenced young architects in Hyderabad. The […]

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    TOP 25 INTERIOR DESIGNERS IN HYDERABAD

    Hyderabad, the city of Nizams, is not just known for its rich cultural heritage but also for its booming interior design industry. With an increasing demand for quality and unique interior design solutions, the city has become a hub for talented and skilled interior designers in hyderabad who are making waves in the industry. In […]

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  • Transforming Outdoor Spaces: A Guide to Wall Lanterns

    15 Tips On How To Paint A Room To Make Your Home Colorful