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Heirs’ Guide to Renovating an Inherited Home

December 6, 2024 by Kyle Sennott Leave a Comment

Let me start with a disclosure: This article is not for everyone. It is for a lucky few who don’t have to hustle to find an investment property they can afford. Such property lands on their lap because of the great intergenerational wealth transfer currently underway. In the next 20 years, more than $80 trillion in assets will change hands. And if you are a lucky heir to one of the 26% of Americans planning to leave a financial gift to their families, such a gift might come in the form and shape of an older home requiring a renovation.

How to Thrive in a Challenging Real Estate Market

May 6, 2024 by Kyle Sennott Leave a Comment

As I write this article, the Washington, DC, real estate market continues its solid footing. Prices are either stable or increasing—always a good sign for existing homeowners and real estate investors alike. But solid footing does not mean devoid of challenges, nor should it. In fact, challenges abound. If you are a first-time buyer trying to purchase a new home, you probably need to depend on your family’s financial help to afford it. If you are a seasoned homeowner trying to downgrade to a smaller place, higher rates on new mortgages make potential savings marginal at best. And if you are a real estate investor, the competition is tough, and you get outbid regularly. Do we need to order cheese with this whine, or can we rise to these challenges to learn and make money? Let’s have a reality check.

Tracking Renovation Project Expenses: Practical Guide

November 1, 2023 by Kyle Sennott Leave a Comment

Tracking expenses is a fundamental aspect of effective project management in real estate renovation. It helps you maintain financial control, make informed decisions, and ensure the success and profitability of your investment. In this article, we talk about many benefits of efficient cost tracking and share very practical tips on how to do it without overwhelming yourself.

Kitchen Countertops: Which Material is Right for You?

June 1, 2023 by Kyle Sennott Leave a Comment

Kitchen Countertop: How Real Estate Investors Should Choose Which Material to Use?

The kitchen is the focal point of any home. Whether you are renovating a property for sale or rent, it’s where you, as a rehabber, are likely to spend the most money and effort. It’s also the place where your buyer or new tenant will be spending most of their time basking in the warmth, security, and domesticity of their “hearth.” So much of their decision to make an offer or fill out that rental application depends on whether they like that “hearth” or not. So let’s talk about how to make it more appealing by choosing the right countertops for your new kitchen.

2023 Home Design Trends All Real Estate Investors Should Know

December 21, 2022 by Kyle Sennott Leave a Comment

Trends come and go, and savvy rehabbers balance new styles with timeless classics to appeal to different types of home buyers. While incorporating all of the latest trends simply isn’t achievable on a fix-and-flip budget, real estate investors who know the up-and-coming home décor styles have a distinct advantage when it’s time to sell.

Septic & Well: What to Know Before Purchasing Property

March 17, 2022 by Kyle Sennott Leave a Comment

Septic and Well: What to Expect When Purchasing an Investment Property — What should an investor watch for when purchasing properties with septic systems and private wells?

Before purchasing a house, smart investors look closely at the foundation, roof, siding, and mechanical systems like the furnace, water heater, and electricity. In the best scenarios, the building structure and mechanical systems have years of useful life ahead. In other scenarios, the house needs to be fixed or replaced.

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