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Seattle Real Estate Blog
Renovation Using Wholesale MaterialsContributed by Admin on July 23, 2011 The key to purchasing, renovating, and the flipping real estate is ensuring that the money you invest upgrading the home is more than paid back in the final purchase price. Things like hardwood floors, granite counters, marble bath tubs, patios, new appliances, and pools can all drastically increase the selling price of a home, but that doesn’t necessarily mean you will turn a profit. Renovations need to be weighed heavily and done for the lowest possible price. And the best way to do that is to cut out all the various middle men and use Wholesale materials. One great way to think through whether a home renovation has a return on investment is to use a renovation calculator like the one developed by CNN Money available here. It details 25 different common renovation projects – everything from replacing a roof to upgrading the bathroom, and calculates the cost and increase in selling price for the home. For example, according to the tool adding a sunroom will cost approximately $50,000 and increase the selling price of the home by $32,000. This means that only 60% of the cost will be recovered. If you are planning to live in the home a long time and want to enjoy a new sunroom that’s great, but if you are looking to sell for a profit in the near-term this isn’t an investment that makes financial sense. So, that begs the question “how can I renovate my home and then it for a profit”. The answer is simple – cut out the middleman (or middlemen) and buy direct. You can save lots of money by by looking for wholesale hardwood flooring or other materials at a fraction of the cost big retailers charge. Like with any other business buying wholesale means better prices, and for real estate it can mean the difference between taking a loss on a renovation and turning a profit. In the sunroom example, if you were able to cut the costs by 50% through purchasing the flooring, windows, and other materials wholesale it would take the project from a 60% payback to 128% payback. You can imagine the profits you could turn doing numerous upgrades like this on countless houses at the same time. Home renovations must be weighed carefully to ensure there is a return on investment, and the best way to do that is using wholesale materials. Comments: 6 10 Reasons to buy a home in SeattleContributed by Admin on August 22, 2009 What exactly makes Seattle so special that folks from around the world flock here to endure cloudy, rainy weather for most of the year? Well, here are 10 reasons why Seattle is one of the most popular spots in America and its homes have done a great job of keeping their value during the downturn: 1. 6,189 acres in Seattle are parks and open areas. That's 11.52%! The Port of Seattle parks in town are hidden gems awaiting discovery. 2. The Seattle waterfront location draws sailing enthusiasts from all around the world to settle here. 3. Seattle is home to Starbucks, Seattle's Best Coffee, Microsoft and Boeing which recruit hundreds of well educated people each year 4. Seattle has the highest percentage of residents with a college degree or higher. 5. Seattle has a maritime climate with average annual temperatures ranging from 41F to 65F. 7. Seattle is green and has the highest percentage of people riding bikes to work compared to other US cities its size. 8. The Washington State Ferry System is the largest in the country and the third largest in the world, carrying over 25 million passengers annually. 9. It has the highest per capita share of technology-dependent jobs among all the states in the country. 10. Seattle is ranked the most literate city by Central Conn. State Univeersity. Everybody reads here. The Seattle Public Library system has the highest percentage of library card-holders per capita in the country. Comments: 1 Welcome to the Community Blog!Contributed by Admin on July 28, 2008 You have stumbled upon what will be a great resource for all things Seattle Real Estate. Our community of Realtors and other professionals will use this blog to post opinion pieces, relevant news, or anything else on their minds. Once the site gains momentum, expect to see regular posts about the Seattle housing market. Comments: 0 |
Recent Blog Posts...Renovation Using Wholesale Materials Comments: 6 10 Reasons to buy a home in Seattle Comments: 1 Welcome to the Community Blog! Comments: 0 Archive:1Q 2012 3Q 2011 2Q 2011 1Q 2011 3Q 2010 2Q 2010 1Q 2010 3Q 2009 2Q 2009 1Q 2009 3Q 2008 2Q 2008 1Q 2008 3Q 2007 2Q 2007 1Q 2007 Other Blogs:Dallas Real Estate Blog Houston Real Estate Blog San Antonio Homes Blog Austin Texas Realty Blog |
