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Future Wood

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Buying property as an investment is one of the smartest financial decisions a person can make. The trick is to buy the right property for the right price. That can be easier said than done. A turn key property is great is you want to actually live there, but if you are looking to buy a house on the cheap to flip for a profit or possibly rent out then you need look beyond on those picture perfect homes. A fixer upper is always a better deal than a house that is buyer ready. Finding a house that has potential versus one that is nothing more than a money pit can be a fine line. I’m sure you have heard the expression when a house has “good bones” to it. This means that while not everything appears prim and proper it is a structurally sound house. The foundation isn’t shifting or cracking, the pipes aren’t burst or leaking, and there isn’t an infestation of any kind. It’s one thing to fix up broken cabinets or shag carpeting, it’s another to replace faulty plumbing or remediate black mold. Whatever you do, do not fix up the basement! A renter will not pay a premium for a finished basement, nor will a potential buyer. That’s one of those nice to have features, not a necessity. As such it is very unlikely that you are going to recoup anything close to the investment cost. This is one of those investments you consider when you plan on living and staying in the home for years to come.

Futurewood composite cladding is a nice addition to the outside of any home. Wood and brick can be a hassle to maintain and upkeep. Wood requires power washing and staining year after year, and brick tends to require washing and re-sanding the joists. I took on this task myself one weekend this past summer, after about 20 total hours I found I did a fairly poor job and had to hire a contractor to come in and finish the work for me anyways. If you plan on becoming a property investor then my number one piece of advice is that you learn how to do the simple fix-it projects yourself. Taking classes on how to hang drywall, put in tile and wood floors, and install drop ceilings can really come in handy. Even tasks that seem simple like painting can be more difficult than you initially think. There are often community classes available on all sorts of DIY projects if you look hard enough.

Ready to Buy a Home—Really?

Most of us reach a point in our lives when we think we are ready to buy our own home. If you’ve been thinking that yourself lately … pause for a minute and examine your reasons carefully. After all, home ownership is possibly the largest single investment of your lifetime and such a momentous decision [...]

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Do You Have the Skills to Sell Your Own House?

Retirement, relocation because of a job change, and health issues are just a few reasons people need to sell their home. If you want to sell your own house, you need to conduct an honest appraisal of your abilities. Selling your home is a lot tougher than just planting a “for-sale” sign in the front [...]

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Rent-to-Own: Trap or Triumph?

So, you’ve just bought a new house and the things that used to cram the space in your old apartment barely take up 1/4th of the room in your new place; so what do you do? Well, since you just spent $450k on a house, including closing and moving costs, you are strapped for cash [...]

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A Painless Way to Invest in Real Estate

The REIT, or to be specific, the Real Estate Investment Trust is a security that trades like a stock in much the same way as a mutual fund. The basis of the REIT’s value is one of the following: A Equity Real Estate Investment Trust: Owned real estate, deriving profits from rent/lease payments   Mortgage [...]

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Are You Ready To Be A New Home Buyer

When you dream about having your own home, it usually starts out with the dream of having enough money to buy what you want. Saving for the future includes saving for your own house. Once you have enough money to buy the house, do you think that is enough for you to finally say that [...]

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Top 5 Things to Look for When House Hunting

Depending on your viewpoint, house hunting can be a fun activity or a pain in the behind. Looking for a house to live in is all about making sure that it is the right fit for you and your family. Don’t give in to an impulse buy because you might regret it later. After all, [...]

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Can I Really Afford that Home? What You Need to Know

A house is one of the biggest purchases that you will likely make in your entire life. This is why it is absolutely necessary to find the right house for you not only in terms of specifications, but also in budget. Purchasing a home isn’t as easy as swiping your credit card or signing a [...]

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Top Three Mistakes of First Time Home Buyers

When you dream of the good life, living in a house that you own is probably one of those things you think about often. If this is true, then you are not alone, and owning a house is commonly included in the list of future goals for most individuals. If you are purchasing a house [...]

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Buying vs. Building Your House: The 5 Factors You Should Consider

When deciding on a home, one of the first considerations people will have decide on is how to go about acquiring the home that they want. Buyers primarily have two options to consider.  They can either buy one that has already been built or they can start from the ground up and build their own. [...]

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