Ever walked a completely renovated property in your neighborhood and wished someone would do the same to your house?
That’s what we do!
We renovate full houses and exteriors to increase equity for homeowners.
We’ve done this for homeowners buying a property. We’ve done it for homeowners who want to renovate and enjoy now with plans for selling in future. And we’ve helped homeowners flip their own house.
The key is to approach your renovation like an investor. It’s important to hire someone who knows how to flip a property and maximize a renovation budget. We never recommend that someone do this on their own, especially if they’ve never done it before.
If you don’t know, it’s not uncommon for general contractors and renovation/remodeling companies to lose money on projects. If professionals who do this every day and who have done it for years can lose money on project, imagine the damage a novice could do!
Flipping Isn’t What It Used To Be
It doesn’t matter the neighborhood; you can’t flip a house like you could ten years ago. Buyers are much more savvy. A bad flip can stigmatize a property making it harder to sell.
We have perfected high-end design and finish out on a budget. My site-manager, Mark, is a jack-of-all who also started in million-dollar properties. Mark and I know how things should be finished out and accept nothing less than a million dollar look. The art is to get the look without the price and that’s what we do best.
Our goal when renovating is for the design to sustain for ten years or more. We focus on areas that we know matter to buyers so that the renovation garners more money when the house sales.
How Does It Work?
We start with an evaluation of the property and a meeting with the owners. In this meeting, we get ideas of what the homeowner wants and their goals.
After the meeting, we head back to the office to run numbers. If the numbers look like they’ll work, we put together a basic design plan and a detailed budget.
This is presented to the homeowner in a second meeting. In this meeting, it’s determined if this is a good fit or if other options might be better.
Who Covers the Cost?
When a buyer buys a house to renovate and live in, they cover the cost of the renovation.
For a homeowner looking to flip their own house, we have investors who can cover the cost of the renovation. They are then reimbursed with interest at closing. Or the homeowner can cover the cost of the renovation and save the interest payment.
A homeowner renovating their house like a flip to sell later does cover the cost of the house. We only offer short-term loans.
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