Location: New York, NY, United States This Loft was tastefully renovated back in the '90s, but was due for an update and an expansion of the kitchen and dining areas to accommodate the client's cooking skills and entertaining needs. EnlargIing the island and adding cabinetry to delineate the office, bar and dining areas was a priority. The bathroom was updated to feel like a tranquil spa with beautiful new tile, plumbing fixtures and cabinets. Our biggest challenge was coordinating the entire renovation while our client was out of town for the Summer! Photographed by: James Salomon

Example of a large classic u-shaped dark wood floor eat-in kitchen design in Minneapolis with a double-bowl sink, recessed-panel cabinets, white cabinets, white backsplash, stainless steel appliances, an island and black countertops

The Pros and Cons of Fix and Flip Real Estate Investment Last week, we covered The Pros and Cons of Buy and Hold Real Estate Investment for rental property investors. This week, we want to talk about the other most common type of real estate investment: “fix and flip.” The Appeal of House Flipping We all love the house flipping shows on HGTV and other reality channels. They’re great and they make the prospect of buying, renovating and flipping homes for big profits seem super sexy and fun. However, any experienced real estate investor will tell you it’s not quite as easy as they make it look. There’s a lot of work that goes into a successful fix and flip investment. The basic premise of a fix and flip investment is pretty simple. You buy a property, usually one that needs some work and is available at a great price. You renovate the property, making the necessary repairs and upgrades to maximize its resale value. Then, you sell the property on the open market for the highest possible price. You get in and out as quickly as possible. Full-time flippers will move from property to property or will have multiple properties being worked on at the same time. Rather than the “buy and hold” strategy where you keep the house while earning rental income and equity over time, you are looking for the quick sale to earn your profits. If you are going to explore house flipping—whether as a full-time career or just a side hustle—you will want to know exactly what you are getting into. That is why we are going to cover the pros and cons of fix and flip real estate investment in this article. The Pros of Fix and Flip Here are some of the pros of fix and flip investing: Faster Return on Investment—The biggest appeal of fix and flip investing is that it gives you a quicker return on investment. Buy and hold will take you longer to see your ROI. House flipping allows you to see your full profit (hopefully) as soon as the house sells. The average house flip for an experienced investor is around six months. It may take longer for a first-timer who is just learning how to do certain things. Fairly Safe Investment—As long as you do all your projections and calculations carefully and avoid any major problems along the way, house flipping is a relatively safe investment strategy compared to something as turbulent as the stock market. Real estate markets are generally predictable and the short time frame of a flip helps you avoid losses if the property happens to depreciate over a longer period of time. Exciting—There is a reason why there are so many reality shows based around flipping and none based on buy and hold investing. It’s an exciting process to buy a home, gut it and completely renovate it. Then, you get the ultimate reward of selling it and collecting the profits—as long as you do things right. The Cons of Fix and Flip Here are some of the cons of fix and flip investing: Upfront Expenses—A house flip will require a lot of upfront expenses. We’re not only talking about financing the house itself, but all the renovation costs and other expenses involved in the flip. You are laying out all that money at the beginning and only seeing your returns when the property sells. This can create cash flow issues and stress if you fall being schedule or go above your initial budget. Taxes—House flips will usually create dramatic swings in income year over year, and that can increase your tax bill. You have to pace things correctly to take advantage of specific capital gains tax rules. Capital gains taxes are higher on any property owned less than a year, so you have to find that balance of how long you own any specific investment properties and how long it takes to complete the renovation and sale. Before you get too deep into fix and flip investing, you will want to talk with your tax advisor to make sure you have the right plan in place. Surprises—All real estate investment is susceptible to surprises. You don’t always know what lies behind the walls until you start the renovation process. You cannot plan for everything as a real estate investor, but you have to be prepared for anything. It is a good idea to add some wiggle room in your budget and overestimate your renovation expenses/timeline to cover any surprises that may come up. These are some of the biggest pros and cons of fix and flip real estate investment. Of course, there are other things you need to know as an investor, so be sure and do your homework in order to get the most out of your investment portfolio. Both fix and flip and buy and hold strategies can be highly lucrative if you do things right. There are no wrong answers, but there are wrong ways of doing things if you truly want to be successful in this field. If you are looking for great investment properties to fix and flip, join the exclusive PropertyLark home buyers’ network. If you qualify, you’ll have access to our exclusive off-market deals and analytics tools that will help you identify the best investments and get the highest possible ROI. Fill out the contact form and questionnaire on the PropertyLark buyer’s site to apply!

This commission involved the renovation and conversion of two duplex apartments into one single residence/retreat. The two existing external stairs were removed and replaced by a single internal staircase. This intervention made it possible to create one large outdoor area and maximise the existing view. The steel canopies and wooden sun terraces act as visual links between the two original living units. In collaboration with Minimum Arquitectura. Foto's © Verne en Raül Candales Franch

Minimal grout lines at well-aligned fixtures create a sense of continuity at 24x24 rectified wall tiles. The dimensional tiles add a playful design element to the modern geometry of the mid century home.

Customer Photo: "Wanted a new papasan cushion and we figured Cushion Source was the best place to go to. Amazing quality and even better pattern than we expected. Love it!" Featured Fabric Premier Prints Isadella Premier Navy/Slub

Beach style home design photo in Los Angeles

Transitional dining room photo in New York

Example of a trendy bathroom design in Phoenix

Crackle tile in a herringbone pattern found at Hollingsworth Showroom Jacksonville, Florida
Trendy kitchen photo in Jacksonville

We expanded an existing deck with new stairs, railing, decking, deck board design, lighting, complete with all post and beam wraps. All decking you see is Zuri decking with Timbertech Rail Systems. We installed riser lights up the stairs with post caps on top of all posts.

Tuftex Casablanca pattern carpet

Inspiration for a large timeless master beige tile and ceramic tile ceramic tile alcove shower remodel in Dallas with raised-panel cabinets, white cabinets, beige walls, an undermount sink and solid surface countertops

This is an example of a large contemporary drought-tolerant front yard walkway in San Francisco.

| DETAILS | in concrete constructed condos it's very rare that we ever want to have to core new drain locations. For the Master Ensuite more and more when we do full renovations down to studs we are removing the terrible 5' tubs and tiny itty bitty 3x3' showers. For some reason the idea of luxury meant squeeze as much as you can so you have a long list of features when you go to market. More and more we are doing oversized his and hers showers. So when you have a drain that you are repurposing from previous plumbing fixtures and the drain isn't centred, it's pretty much magic to have the team surprise you after several site meetings and evaluations - we opted for the plumbers favourite to use Schluter linear tile over drains and have the oversized tile cut to fit and provide the necessary grout lines for a flush shower threshold. This might seem like nothing but is everything when we have the perfect tile layout be inline with the what we think is a centred drain. These are the kind of details that make my OCD sister inside so happy, we call it the centre flush drain happy dance. Kudos to @caisleydevelopments @4thdimensionconstruction with the help of @stonetilevancouver for finding a perfect subtle sand toned oversized porcelain. A large format tile in a shade and same tone value as our hardwood floor and one shade darker than our Baltic Birch flush panels for ease of cleaning and hiding dirt. When you want things clean I opt for showers with minimal detailing to be in shades darker than white. Cleaning becomes less treacherous. Also gone is this idea of ugly accent tile, we opt for uniform tile one material throughout a bathroom floor to ceiling and if possible all walls. Construction geekery 101 continues

Traditional tile shower with beige stone-look tile in a straight lay pattern on shower walls and tiled corner bench. Also, tiled shower floor with cut and tumbled flat beige pebbles, with a Schluter center drain. Included with a recessed niche tiled with beige stone look tile to match and a decorative liner using a stone mosaic, continuing around the shower walls.

Custom Surface Solutions (www.css-tile.com) - Owner Craig Thompson (512) 430-1215. This project shows the remodel of a small 1950's vintage home master bathroom. 8"" x 18" Calcutta gold marble tile was used on the shower walls and floor wall base and ceramic gray penny tile on the floor. Shower includes curbless pan / floor, dual shower boxes, frameless glass slider, trough duel fixture sink and chrome fixtures.

18" x 48" holds 4 bottles - $1099.00 24" x 48" holds 8 bottles - $1369.00 48" x 48" holds up to 16 bottles - $2,255.00 Custom wine racks available up to 48" x 96" Translucent and Non-Translucent stones available. Stones are thin cut DesignerStone Panels.