Inspiration for a rustic brown one-story wood gable roof remodel in Seattle

Home office - eclectic home office idea in Seattle

Master Bedroom with Red Bed Frame and custom drapery and bedding.
Bedroom - traditional master light wood floor bedroom idea in Charlotte

Small trendy bedroom photo in Chicago

Inspiration for a country home design remodel in San Francisco

Small elegant gray one-story mixed siding gable roof photo in Charleston

We used: Custom cherry cabinetry in Arts & Crafts Shaker style by Kabinart in Boulder and Espresso stains. Liberty Hardware Venetian bronze 1-1/2" cabinet knobs. KitchenAid Architect II Series 22 CF counter-depth French door refrigerator. KitchenAid Architect Series II 27" convection single wall oven. KitchenAid 36" 6-burner dual fuel freestanding commercial-style range. KitchenAid Architect II Series 24" dishwasher. Sharp Insight Pro Series 24" built-in microwave drawer (Model #KB6524PS). Crystorama Solaris 12" wide pendant lights in English bronze. Granite countertops in Brown Fantasy. 3"x6" polished marble backsplash. Paint colors: Walls: Glidden Silver Cloud 30YY 63/024 Ceilings/Trims/Doors: Glidden Swan White GLC23 Robert B. Narod Photography

Engineered cedar siding creates beautiful gray-blue tones at the exterior of the home, while adding a textural element to activate the simple exterior design.

Small danish loft-style entryway photo in Moscow with a hanging fireplace, a plaster fireplace and a wall-mounted tv

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 custom built screen porch leads to a stack stone fire pit with bench seating and a lush green lawn, perfect for tossing the ball around.
Design ideas for a large mid-century modern partial sun backyard brick landscaping in Atlanta with a fire pit for summer.

Governor's House Entry by Lisa Tharp. 2019 Bulfinch Award - Interior Design. Photo by Michael J. Lee
Transitional painted wood floor foyer photo with white walls and a black front door

Two Birds Photography
Kids' room - transitional kids' room idea in Chicago

Collaboration with Canonbury Homes and Frank Neely Design Associates.
Inspiration for a timeless open concept kitchen remodel in Atlanta with beaded inset cabinets and two islands

When Cummings Architects first met with the owners of this understated country farmhouse, the building’s layout and design was an incoherent jumble. The original bones of the building were almost unrecognizable. All of the original windows, doors, flooring, and trims – even the country kitchen – had been removed. Mathew and his team began a thorough design discovery process to find the design solution that would enable them to breathe life back into the old farmhouse in a way that acknowledged the building’s venerable history while also providing for a modern living by a growing family. The redesign included the addition of a new eat-in kitchen, bedrooms, bathrooms, wrap around porch, and stone fireplaces. To begin the transforming restoration, the team designed a generous, twenty-four square foot kitchen addition with custom, farmers-style cabinetry and timber framing. The team walked the homeowners through each detail the cabinetry layout, materials, and finishes. Salvaged materials were used and authentic craftsmanship lent a sense of place and history to the fabric of the space. The new master suite included a cathedral ceiling showcasing beautifully worn salvaged timbers. The team continued with the farm theme, using sliding barn doors to separate the custom-designed master bath and closet. The new second-floor hallway features a bold, red floor while new transoms in each bedroom let in plenty of light. A summer stair, detailed and crafted with authentic details, was added for additional access and charm. Finally, a welcoming farmer’s porch wraps around the side entry, connecting to the rear yard via a gracefully engineered grade. This large outdoor space provides seating for large groups of people to visit and dine next to the beautiful outdoor landscape and the new exterior stone fireplace. Though it had temporarily lost its identity, with the help of the team at Cummings Architects, this lovely farmhouse has regained not only its former charm but also a new life through beautifully integrated modern features designed for today’s family. Photo by Eric Roth

Gorgeous master bath finished with Dal-Tile's Fabrique porcelain tile in the color Noir Linen polished. Tile size is 12"x24" installed in a brick joint pattern. The floor boasts underfloor heating on a timed thermostat.

Great spacious bathroom with lot of amenities. Photographer: Jon Upson
Large elegant master beige tile and porcelain tile drop-in bathtub photo in San Diego with an undermount sink, raised-panel cabinets, medium tone wood cabinets, granite countertops, beige walls and a two-piece toilet

Ryan Gamma Photography
Example of a tuscan beige two-story stone flat roof design in Tampa

Leicht
Trendy freestanding desk study room photo in San Diego with white walls