Example of a cottage entryway design in Jacksonville

Trendy kitchen photo in Charlotte

Kuiken Brothers Federal Style Crown Moulding KB317 (3/4" x 4-1/2"). Request a copy of the Kuiken Brothers Moulding & Millwork catalog www.kuikenbrothers.com/moulding

The chandelier for the dining room was created by Shakuff, and features gold pendants inside of the light bulbs to correlate with the other artistic qualities of the penthouse.

Photo: Sarah Greenman © 2014 Houzz
Example of an eclectic dining room design in Dallas with blue walls

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!

For a general contractor like Elegante Construction, it is a cakewalk, when it comes to performing ADU construction services in Lakewood for all small & tiny residences, lacking in functional space. This is done by following the rules & guidelines, in aspects related to the size, dimension & design of the new ADU that is built at the property. Home and ADU Remodeling in Lakewood, CA - https://www.eleganteconstruction.com/

For a general contractor like Elegante Construction, it is a cakewalk, when it comes to performing ADU construction services in Lakewood for all small & tiny residences, lacking in functional space. This is done by following the rules & guidelines, in aspects related to the size, dimension & design of the new ADU that is built at the property. Home and ADU Remodeling in Lakewood, CA - https://www.eleganteconstruction.com/

For a general contractor like Elegante Construction, it is a cakewalk, when it comes to performing ADU construction services in Lakewood for all small & tiny residences, lacking in functional space. This is done by following the rules & guidelines, in aspects related to the size, dimension & design of the new ADU that is built at the property. Home and ADU Remodeling in Lakewood, CA - https://www.eleganteconstruction.com/

Priority Remodeling's Exquisite One-Bedroom ADU Project In the world of home improvement and design, every so often, a project emerges that flawlessly marries aesthetics with functionality. The recent completion of a one-bedroom Accessory Dwelling Unit (ADU) by Priority Remodeling stands as a testament to this golden rule. As one steps into the space, the first thing that catches the eye is the immaculate and contemporary design of the room. Muted gray walls serve as the perfect backdrop, enhancing the natural brightness of the room, thanks to the strategically positioned windows. The window blinds, neatly tucked away, provide options for privacy while allowing natural light to illuminate the space. The minimalist office area showcases a sleek wooden desk paired with a luxurious leather chair. A simple potted plant adds a touch of organic green, giving a nod to the importance of biophilic design elements. With ample space for working or studying, it offers the perfect environment for productivity and focus. Transitioning into the bedroom area, the understated elegance continues. The centerpiece - a comfortable bed with crisp white linens - invites rest and relaxation. The headboard's unique nailhead trim design adds a touch of sophistication without overpowering the room. Adjacent to it, a cozy sitting area with a leather lounge chair and throw pillow makes for an ideal reading or relaxation spot. Both practical and aesthetic, the choice of wooden flooring complements the neutral color palette, warming up the space and providing continuity. The floor seamlessly ties the different areas together, creating a cohesive and harmonious environment. In sum, Priority Remodeling's recent ADU project is a masterclass in modern interior design. Each element has been meticulously chosen and placed, ensuring both functionality and beauty. This ADU is not just a living space; it's an experience. A testament to the prowess and vision of Priority Remodeling. --------- In recent years, Accessory Dwelling Units (ADUs) have surged in popularity among homeowners, and for a multitude of good reasons. These self-contained living spaces, often constructed in the backyard or converted from existing structures like garages, bring forth a myriad of benefits: Additional Income Stream: One of the most immediate benefits of an ADU is the potential for rental income. Homeowners can rent out these units to tenants, providing a steady stream of revenue that can help offset mortgage payments or other expenses. Increased Property Value: Well-designed and constructed ADUs can significantly increase a property's value. It's not just about the added square footage but also the flexibility and functionality that such a space offers. Housing Flexibility: ADUs can serve multiple purposes over time. They can start as a home office, transition to a living space for a college-going child, and later serve as a residence for aging parents. This adaptability is invaluable in ever-changing life scenarios. Sustainable Living: Smaller spaces typically consume fewer resources, both in their construction and daily operation. This makes ADUs an environmentally friendly choice for those keen on reducing their carbon footprint. Community Building: ADUs can help address housing shortages in dense urban areas. By providing affordable rental options, they contribute to community diversity and vitality. Privacy with Proximity: For families looking to support relatives (like elderly parents or adult children), an ADU offers the perfect balance. Family members live close by, fostering connection and support, yet both parties maintain their privacy. Cost-effective Expansion: Compared to the costs associated with buying a larger home or constructing a full-fledged home addition, ADUs often present a more economical solution to gaining extra living space. Incorporating an ADU into one's property is not just about creating additional space but about unlocking a range of benefits that enhance both the financial and functional aspects of homeownership. As seen in Priority Remodeling's recent project, an ADU can also be a pinnacle of design and comfort, proving that with the right vision, even compact spaces can offer a grand living experience.

For a general contractor like Elegante Construction, it is a cakewalk, when it comes to performing ADU construction services in Lakewood for all small & tiny residences, lacking in functional space. This is done by following the rules & guidelines, in aspects related to the size, dimension & design of the new ADU that is built at the property. Home and ADU Remodeling in Lakewood, CA - https://www.eleganteconstruction.com/