Tips on Selling Your Own Property

Ever wondered how you can save money when selling your property? Ever thought that you have to have an estate agent to sell you property? With the growing trend of consumers in the selling market now selling their own home, should estate agent start to worry? Is now the time to start selling your own home and cut out the middle man?

If you have ever wanted to cut out the middle man and sell your own property there are a number of considerable benefits. The main benefit is the saving on commissions. This could be in the thousands. The feeling of remaining in control and the sense of achievement when you have finally sold your home can reduce any stress levels and leave a feeling of satisfaction and a job well done. With a growing number of resources on the internet available to everyone, there has never been an easier time to sell your own property. There are however some careful considerations that need to be thought through before you take the plunge; what is the value of your property, what are the benefits to the buyer and how do you intend to advertise.

Knowing how to value your property isn’t as hard as you think. All you need to know is what the market considers to be a fair price for your property in the location that it is in. For you to do this just take a look around. What are the local properties that are similar to yours valued at; research local papers and estate agents windows to see what they have valued similar properties to. There are even on-line house price calculators which can give you a guide price. When you are finding the value of your property, always keep in mind the lowest price you will accept for your property and your ideal price.

Listing the benefits to the buyer is just as easy. Just remember what it was that made you buy the property. Take a look at a local map and list all the amenities, local schools and so on.

Advertising you property can be as easy as placing an advert in the local news paper or seeking out websites that allow you to list your property. Taking photos with a digital camera will greatly enhance any advert. With a little bit of research you could have your advert in front of thousands of potential customers in a very short period of time and the cost of advertising will be considerable less than any fees paid to an estate agent.

Although going it alone can be rewarding there is no substitute for the local knowledge of the market that an estate agent can bring. Selling your own home can be a challenge but very rewarding. The choice is yours to take.

Immobilienmakler Heidelberg

Makler Heidelberg

How Do I Find a Reputable Real Estate Agent?

One of the most important things to do when purchasing a home is to find a great real estate agent to make the process flow smoothly and effectively. A question many people ponder is how to find a good real estate agent. The best agent may not necessarily work at one of the top ten agencies in the area. The agent who will work best for you would be an experienced agent who will listen to your needs, act in a professional and ethical manner and knows the market in your area.

1.)Word-of-Mouth or Referral

Most real estate professionals attract a sizable amount of business because of a satisfied client who recommends them to a friend, family member or neighbour. When you are thinking of purchasing a home, it is a good idea to ask those around you who they have used and ask them to elaborate on their specific experience with the real estate agent in question. Successful real estate agents strive to make customer satisfaction their number one priority and will do everything they can to facilitate a good experience for a customer. Try to find an agent that has a proven track record and reputation for delivering quality service, customer satisfaction, and have experience in the neighbourhoods that you are looking in.

2.) Do an Online Search For Real Estate Agents

There are many online resources available when searching for a real estate agent referral, but this by no means ensures quality. The agents referred online may have paid a fee to the website owner to be listed in the directory. Performing a Google search of the top agents in your area and then reviewing their websites will give you a good list of agents to interview. Agents who have experience in the field will tell you, but a newer agent will more than likely have the extra time to spend working with you. Review any customer testimonials or feedback about an agent you may be interested in retaining.

3.) Visit Open Houses in the Area

You should visit some area open houses where you can actually meet with a potential agent in a non-threatening manner. Here you can see how they work, collect business cards, formulate an opinion and talk with them on a personal basis. If you are thinking about selling a home, pay close attention to how the agent presents the home. Make sure the agent is polite, informative, approachable and professional. Does the agent promote the home by handing out professional looking feature sheets or other related materials? Is the agent trying to play up the features that make the home more enticing? Or is the agent in the corner, back turned and uninvolved in the whole scenario?

4.) Pay Attention to Real Estate Signs

Carefully monitor the real estate signs in your neighbourhood. Observe how long from the day they go up until the home is actually sold. An agent who has a high sales turnover might be a better choice than an agent who has lots of for sale signs but few sold signs. An agent who gets results is what you want.

5.) Why Agents Use Printed Advertising

There are two main reasons real estate agents use printed advertisement. First is to advertise and sell a specific piece of realty. Secondly, advertising is used to promote the agent handling the transaction. By checking the local Sunday real estate ads in your neighbourhood and then checking the agents website, you can find the agents who may specialize in your particular neighbourhood. Contact the agent and inquire about their expertise and ask any other relative questions you may have.

6.) Seeking Recommendations from Other Realty Professionals

Ask around and seek out other real estate agents for a referral. Most agents are happy to refer a buyer or seller to another associate, if the service you require is not a specialty they can provide. Some agents only specialize in resale property, while others work predominantly with the sale of new homes. Other agents work exclusively with commercial or investment properties. Mortgage brokers are a great resource for agent referrals; many brokers have first-hand knowledge and can point you in the direction of a top-quality real estate agent and remember professionals tend to refer like-minded peers. There is also typically a referral fee involved for the referring professional so be careful that they refer you to the best Agent not the one that pays the highest referral fee.

Immobilienmakler Heidelberg

Makler Heidelberg

How I Learned to Sell My House Fast!

I had been trying to sell my house for over two long years before I discovered how to sell my house in 7 days or less. I had a house in another state in which I no longer lived. In addition to the house I lived in, I was paying a first and second mortgage, utilities, taxes and outrageous rates for vacancy insurance month after month while my house sat empty and unsold. The house was bleeding my bank account to death, especially when the real estate and credit market started to go downhill.

Before I moved, I tried to sell my house myself „For Sale by Owner“ (FSBO) with no luck. I had no idea how to effectively market my house to generate buyer interest, how to get them financed, how to complete the purchase and sale paperwork and the like. After I failed to sell my house myself, I listed the house with 4 different Realtors for six months each. They told me the that my house was beautiful, that they could sell my house fast and get top dollar. They promised me that they would market my house in the paper, magazines, on the MLS and do multiple open houses and more. In reality, they barely lifted a finger. They listed my house on the MLS, put a sign in the yard and forgot about my house. They did no open houses as promised, advertised in no magazines and never showed the house. I lost two years worth of mortgage payments, taxes and utilities that I will never recover.

Perhaps you’ve found yourself in a similar situation. Perhaps you are making two house payments, trying to sell an ugly house, in foreclosure, bankruptcy, going through a messy divorce, dealing with the death of a loved one, lost your job, had an extended illness or just can’t afford to make your house payments anymore. Perhaps you too have tried to sell your house on your own or through a Realtor with no luck. Regardless of your reasons for wanting to sell your house fast, there is a better way to sell without trying to sell your house yourself or listing through a Realtor. You can sell your house in 7 days or less and here’s how…

I was searching the Internet one day looking for yet another Realtor to list and sell my house when I came across a local company that claimed to buy houses in 7 days or less. Perhaps you’ve seen some of those local „We Buy Houses“ people or companies in your neighborhood. I called the home buyer and he said that they were indeed a local, professional home buying company that buys houses in any area, condition or price range, in 7 days or less, for investment purposes. He said they could pay me all cash, take over my mortgage payments and close quickly if needed. He said that if my house qualified, they could buy my house fast allowing me to sell my house in 7 days or less!

We made an appointment for him to come out and inspect my home within the next 48 hours. He loved my house and said it was exactly the type of home that he and several of his customers were looking for. He made me 2 different offers to purchase my home on the spot. One was an all cash offer to buy my house below current market value. This offer would have netted me about the same amount I would have made had I listed and sold through a Realtor. The second offer was to give me some cash now, take over my mortgage payments and cash me out of my mortgage and remaining equity later when he was able to resell my house to a new buyer. This offer would give me a higher sales price, some cash now, immediate debt relief from my mortgage payments and the rest of my cash later. If I had not been trying to sell my home for two years, I would have taken the 2nd offer. However, because I had been trying to sell my home for so long, I took the cash offer and netted the same amount I would have likely made if I had sold through a Realtor. The home buyer handled all the paperwork and we closed later that week with a local real estate attorney. My house was bought and sold in 7 days or less! Man, I wish I had met these guys two years ago!

If you too have an unwanted house you need to sell fast for any reason whatsoever, I recommend you contact one or more local, professional home buyers in your area before you list your house with a real estate agent or try to sell „For Sale by Owner“. You owe it to yourself to see what these folks have to offer before you lock yourself into a six month listing agreement with a real estate agent and end up waiting two years and thousands and thousands of dollars later to sell your home for the same amount you would have likely netted to begin with.

Immobilienmakler Heidelberg

Makler Heidelberg

Real Estate Agents – Discover How to Earn Extra Income With Broker Price Opinion (BPO) Orders

As a real estate agent your business may be hitting hard by the current economic downturn. Your listings no longer sell and your buyers are taking forever to make purchase decisions. Meanwhile you still have to pay office expenses, broker fees, MLS subscriptions, board dues, etc. In this article I will discuss how you can earn extra income with your real estate license in addition to selling houses. Specifically I am talking about performing Broker Price Opinions (BPOs) for banks. I will also reveal a technique I personally use to grab those BPO orders before other agents do.

BPOs are basically mini Comparative Market Analysis (CMAs). Banks order BPOs whenever they want to know the value of the properties. This could happen in many occasions; for example, the owner could be applying for refinance, or the owner could be in default, or the property could be in foreclosure or in need of a short sale. Currently there is a huge demand for these BPO orders due to the foreclosure crisis. Since banks require BPOs to be performed by licensed real estate professionals, you can put your hard earned license to good use.

There are two types of BPOs. An exterior BPO does not require you to get into the property and typically pays $40 – $50. An interior BPO requires interior pictures of the property and typically pays $60 – $90. Granted you don’t earn a whole lot with each BPO order but keep in mind that a BPO can be completed in under an hour or so. Just do 3 to 5 BPOs a week will help pay for your basic expenses.

„Where do I find BPO orders?“

Although BPO orders are placed by banks, contacting banks directly would actually be a waste of time since most banks don’t handle them directly. Instead, they order BPOs through asset management companies. A quick way to find these companies is to Google „asset management companies bpo.“ During your search you will come across some companies that are actually just directories. They usually require you to pay a fee to be listed as a BPO agent. They claim by listing on their directories the asset managers will find you. I have never had any luck with them so my advice is to save your money.

Once you find these companies you simply log on to their web site and register yourself as a „vendor.“ You will be asked to fill out an online application with your information. Most companies will require a copy of your real estate license, your E&O insurance information, a W-9 form, and a list of zip codes or city names of the area you covered. Once you are registered, you will begin to receive emails whenever a BPO order becomes available. To maximum your chance of getting orders, you should try to register with as many companies as possible. I personally have registered with 15 companies and I know some agents have registered with over 50 companies.

One thing to pay attention to is that some of these asset management companies are so called „BPO shops“ where they only handle BPO orders. Clear Capital is a well-known example of such company. On the other hand, some companies may also handle REO properties for banks. If you do a good job with your BPOs for these companies, you will have a chance of getting REO listings. Some companies such as Integrated Asset Services will give you the listing of the property that you performed a BPO on if that property ever becomes an REO. Thus if your goal is to eventually become an REO agent (which it should be as listing REO properties is EXTREMELY lucrative), then you may want to avoid those BPO shops and focus only on companies that can give you REO listings.

„OK. I got registered but I can’t get any BPO orders! What should I do?“

So you started to get emails of BPO requests. You were excited but when you replied to those requests you found the orders have already been taken by other agents. What happened? Well, when most asset management companies send out BPO requests, they don’t just send to one agent but to all agents that cover that particular city or zip code. Whoever answers the email first gets the order. You may be answering your email the second you get it, but your email program may only be querying the mail server every 30 minutes. So you could still be too late by the time you respond.

What can you do about it? Do you need to sit by your computer all day to respond to emails? Here is my solution. I use a separate email address specifically for BPO orders. Then have all emails sent to this address also forwarded to my cell phone email address. Most cell phone numbers have email addresses associated with them. For example, a Verizon Wireless cell would have an email address in the form of cellphonenumber @ vtext.com where „cellphonenumber“ is the phone number. You can contact your cell phone service provider to get that information. Once it’s set up, every time a BPO request comes in, I get a text message to my cell immediately. I can then respond to the email right away. I have been able to get over 90% of BPOs since I implemented this technique.

You now have enough information to get into the BPO industry and the knowledge to beat out competitions. Start earning the extra money with those BPO orders when your regular business is slow and you may even be getting hundreds of REO listings in near future!

Immobilienmakler Heidelberg

Makler Heidelberg

The Origins of the Six Percent Real Estate Agent Commission

The commission paid to the Real Estate agent is a serious amount of money and a concern in any transaction involving the sell of Real Estate. Where did this six percent commission come from?

The idea of a 6% Real Estate commission being paid to the agent originated during the 1940’s when local Real Estate Boards openly engaged in price fixing to establish a standard rate. This process was an out and out case of an unfair practice, but the 1940’s was a time when the attention of the country was directed to some serious external matters and the idea took hold and spread quickly through the industry.

In the early 1950’s, the Supreme Court ruled that an established 6% commission was illegal. Rather than open up commissions to a more competitive and free market system, the Real Estate Boards merely shifted gears with a bit of fancy linguistic footwork and began to call the 6% commission the „suggested“ amount. During the 1950’s and 1960’s, they managed to get away with this practice without much trouble as the majority of real estate agents complied with the suggestion.

In the 1970’s lawsuits brought against the Real Estate Boards effectively put the skids on this practice. The Real Estate agent’s commissions were opened up to competition without the Boards either being able to mandate or even suggest 6% as the carved into stone rate. However, the rate did not alter very much in the years following these court cases. Although the rate may not have been carved into stone, it was pretty much established in the Real Estate market as a standard.

Generally, competitive markets benefit consumers. As long as someone is willing to offer a discounted rate, it would seem that the consumer stood to save money. However, the proponents of a standard 6% rate commission point to such things as health care to argue that the standard rate may actually be helping the consumer by holding the commission down to 6% rather than propping it up to that level. Although the cost of health care is not regulated, the general trend has been straight up off the charts.

Real Estate agents would be quick to point out that if you were to take a close look at just about any service or product being offered or sold in the 1940’s, you would find a very serious increase in cost to the consumer. Except for Real Estate commissions which are still right around 6%. The amount being paid to the agents has increased greatly merely because the value of the property being sold has increased. Today, the internet has been responsible for a few chips in the rock of the 6% commission by offering some straight fee or reduced rate services that allow the sellers to list their own properties. The results are still mixed and the 6% commission is still the standard.

Immobilienmakler Heidelberg

Makler Heidelberg

Private Property Rights

A free society based on capitalism and freedom requires private property rights. These property rights are human rights. And such rights must be defined, appropriated, honored, respected and protected.

Land ownership includes a bundle of rights of many rights. A right is the exclusive authority to make a decision or determination of how land or a component or right in the land is used or not used and owned.

An owner of private property has the:

a. Right to use his land;

b. Right to rent his home or land;

c. Right to decide who the renter can be;

d. Right to decide how land or rights or portions of land can be used or not used as long as it does not harm society or the public;

e. Right to collect all rents the land produces;

f. Right to give, sell, rent any of the rights an owner has in the land;

g. Right to exchange or give away or sell at any price the owner wants to charge that a buyer or receiver is willing to pay or accept.

h. Right to exchange or sell the lands resources with someone willing to trade;

i. Right to have exclusive rights and use of the resources on the land;

j. Exclusive rights to use and choose which portions of the land and rights to use at any given time.

Restrictions and controls on private real estate obviously have a negative affect on a free country. The value of land and real estate is determined by the demand and desire of others. The highest and best use of the real estate or land is influenced by what the public perceives it is and what they feel they can do with it and what the highest value and best use is that the property commands. The owner gets the choice to either sell or rent for that highest paying use or may choose to allow or rent or sell for a lesser use for less money. Private property rights are the prevailing force of land control and control of natural resources in a truly free society rather than government control or control through destructive competition.

All property or real estate enjoys the same rights. Rights an owner has in real estate vary property to property even when next door to one another. The more complete the private property rights an owner has in his land, the more people understand those rights, the more people will pay or compete for a property with more complete owner’s property rights, all other influences being the same. Would you pay more or less for 10 acres that you can never build on due to restrictive land use laws versus similar 10 acres you can build 10 homes on and you can build anything you want on?

Land use controls imposed by the government do not reduce the need for desire or demand for housing or land and devalue land that is overly restricted. Individual liberty are protected by private property rights. Private property rights are human rights.

Immobilienmakler Heidelberg

Makler Heidelberg

Can You Juggle a Baby and Being a Mommy Real Estate Agent?

Many pregnant women and moms of young babies start to think about finding a career that will bring them the opportunity of decent money while also being flexible enough to allow for spending time with the baby. And real estate seems to combine that potential for large commission checks with a flexible schedule. But can you really juggle the demands of motherhood and a real estate business?

If you are pregnant or just had a baby, you’re in luck! It’s a great time to start a real estate business. While pregnant, you have some time to devote to your licensing education and finding a broker. By the time you have your baby, you’re all set to start looking for clients.

But if you have a young baby (or two), you’re still in luck! Most normal human beings LOVE babies. Especially cute babies who aren’t too fussy. If you have a baby who is not walking yet then you have a marketing strategy wrapped up in a baby blanket!

Once the licensing is out of the way and you’ve found a broker, you can hit the ground running and start finding clients. You can easily find clients with your baby in tow, from the mall to the grocery store to Mommy groups. So some of your prospecting can be done while you’re just doing your day-to-day Mommy routine. And you can also take your little one to the real estate broker’s office on those days where you need to drop off paperwork, make copies or perform other office duties.

Once you start working with clients, you can’t get away with taking a baby to every single appointment. Especially on buyer appointments where you are showing multiple properties, it may get a bit arduous to lug a baby with you while opening lockboxes, pulling out keys, opening doors and showing homes that you may not have ever walked through before.

Not to mention that a really cute baby can sometimes be the wrong distraction…you want your clients to buy a home, not drool over how cute your child is. So you have to use your common sense as to when you can include your baby in any aspect of your real estate business.

In these instances, you’ll want to have someone lined up to watch your baby. If you have family or a friend close by who can watch your baby on short notice, that’s ideal. But if you need to make other arrangements, then plan ahead. You need to know what you will do when you have that demanding client who needs to meet you on short notice.

Baby naptimes are a great time for you to prospect for new real estate clients or make phone calls to your current clients. You can research online, create marketing materials, return emails and more.

Can real estate be a great business for mommies of young babies? Most definitely! Much of your real estate business can be worked on with your baby along for the ride. Few other industries are as Mommy-friendly as real estate.

Immobilienmakler Heidelberg

Makler Heidelberg

Sell Your Property FAST – With an Owner-Financed Mortgage Note

It is very well-known that Owner Financing sells properties fast, especially in cases where properties or prospective Buyers do not conform to traditional lending/mortgage requirements. The Seller offers to hold the mortgage note (owner-financed mortgage) and receive the monthly payments from the Buyer as a bank would.

The problem with this approach has been that Sellers sometimes don’t want to collect small monthly payments, but instead want to cash out shortly after closing to buy another property, or for many other reasons. The benefits of owner financing are many, but sometimes these are not enough to help close a deal.

Basically, this is how an owner-Financed real estate mortgage note works:

1. The Seller sets the sale price to exactly the appraised value and advertises „Owner Will Finance… No Bank Qualifying!“

Interested Buyers go through a pre-qualification process to determine the best prospect.

2. The Seller and Buyer agree on the structure and terms of the note to be created (note buyer may provide some suggestions) and sign a Real Estate Purchase Contract.

3. At closing the Seller creates a 1st mortgage and soon after sells/assigns the mortgage note to the note buyer.

4. The Seller receives the Buyer’s down payment plus the proceeds from the sale of the note. In a Seller-Financed note purchase the note buyer normally covers all closing costs and the cost for his own property evaluation.

Example:

Let’s say the Seller owns a property that has been appraised at $100,000, but because it’s not a conforming lot, he is having problems getting qualified buyers. Buyers don’t seem to commit to the purchase and the ones that do, don’t get their mortgage approved by the Bank.

The Seller has the house advertised at $90,000, expecting to get $80,000-$85,000 after incentives and costs have been paid out. But not even this price is attracting real buyers.

This is where a note buyer can step in. The Seller would be advised to create a $90,000 note, the rest ($10,000) would be the down payment. The interest may be 8%, term 360 months, paying $660.39 monthly (Principal + Interest).

The note buyer would buy this note for approximately $80,000 cash shortly after the real estate closing. To this add the down payment, and the seller gets $91,000 total (minus closing costs for the real estate transaction).

Shortly after the real estate closing and after the new note is recorded, the note buyer makes the purchase of the note and the Seller gets his money. A perfect example of how an Owner-Financed mortgage makes a real estate sale possible. And there are no hidden fees or costs other than the regular real estate closing costs that have to be paid anyway. The Note buyer generally covers all closing costs for the note purchase.

This approach attracts a good number of buyers and in a few days, the Seller can have his cash in hand.

Immobilienmakler Heidelberg

Makler Heidelberg

Hey Home Improvement Fans! Make Your Home Improvement Projects Easier With These Solutions!

Smart homeowners are always looking to improve their home. Sometimes the wish list can be a mile long, but the pocket book can be a dollar short. So, just how does one achieve the goal of updating their home on a budget? Listen to the experts and you’ll be surprised to learn that home improvements don’t have to cost a fortune. Let’s take a look at a few tips for improving your home on a budget.

Install ceiling fans to disperse heat and cooling better throughout your home. During the mild seasons, ceiling fans can provide all the cooling you need. Throughout the colder winter months, your ceiling fans can spread out the warm air from your heating system faster, cutting down on expensive heating costs.

If you are looking to add some value to a property you are planning on selling, you should think about remodeling your kitchen. The kitchen is the family center. It is the single most critical factor in influencing buyers. If you recreate the kitchen in a home, the value of the home that you are trying to sell instantly increases.

Painting the interior walls of your home can be a great way to freshen up your decor. Painting is inexpensive and allows for much creativity, based on your color choices. It’s also easy to change, should you decide to go in a different direction. To add a quick and effective punch to any room just grab a can of paint and go!

Many people may see dark paneling in their rooms as a curse. However, it can be really simple to spice up your panels to make them suitable and stylish. Lightly sand your panels and paint over it with a primer. Then just apply a coat of paint in the color of your choice. This will give new life to your room as well as your dark paneling.

A real estate slump is the perfect time for homeowners to invest in renovations and additions. Homeowners can save a great deal on large projects during a slump, because contractors and other building professionals are hungry for work. Home improvements do not expire. But, renovations made in a slump will become more valuable when the housing market rebounds.

Before investing in plants for the inside of your home, take a few minutes to do your homework. Many popular houseplants are actually toxic to animals and people. Rather than selecting a plant solely on the basis of its appearance, consider whether or not young children or pets will be within reach of the plants‘ leaves or flowers.

If you are looking to add some value to your home, you can create a new looking kitchen by resurfacing your cabinets. By simply sanding down the old cabinets in your home and staining them with a fresh new finish, you can increase the value of your home fairly dramatically.

Improving your home is important and even on a tight budget it can be done. In this article we have discussed some of the tips most often recommended by experts for updating your home. Take a weekend and give a few of these tips a try. You’ll be pleasantly surprised by what you’re capable of doing on a budget.

Immobilienmakler Heidelberg

Makler Heidelberg

DIY Home Renovation Tips

Home renovation often increases property value. This is one of the most common reasons for renovations, in addition to updating a home and making it more suited to your personal tastes. When it comes to renovations, some homeowners opt to utilise the services of professional contractors. Renovation projects can be very costly, especially where you enlist the services of a professional builder, interior designer or other specialist. This is why some people prefer DIY (do it yourself) renovations, which can be more cost effective, especially where you have the skills to do some of the tasks. So if you are thinking of DIY home renovations, here is a list of renovation tips that may help you renovate your home.

Plan

Having a plan for each step of your renovation allows you to renovate in a more cost effective manner, giving you the ability to budget accordingly before you start the project; an outline of the project will help during the renovations.

Appropriating funds from your budget is extremely important. Kitchens and bathrooms are huge selling points in a house, which means you should spend the bulk of your time and resources renovating those rooms. Often a new coat of paint or new carpet can change the entire look of your bedroom and living rooms, and both are relatively inexpensive ways to improve a place.

If you are looking to increase the property value, talk to a realtor before you start your renovations. Your realtor can provide you with insight as to which renovations are worth the money and which ones will not turn a profit. Additionally, your realtor can provide you with current real estate trends so you can see what aspects of a house are selling points with buyers and which ones are not.

Improve instead of renovate

Before you start the project, think about what you want and decide whether or not you have to replace things or simply reface them. For example, if you are renovating your kitchen, ask yourself if you need all new cabinets or if painting or staining your current cabinets will provide your kitchen with the update you are looking for. In addition, you can remove the doors of your current cabinets and attach new ones for far less than the price of installing a complete cabinet system.

Cost

One of the biggest costs in renovating your house comes from materials. By purchasing and transporting materials on your own you can save hundreds of dollars. A contractor or other third party will charge you delivery fees among other hidden fees to pick up and deliver materials to your home. In addition, doing this yourself gives you the option of shopping around, comparing costs and finding items on sale or clearance.

The best way to reduce cost is to go to places and source second hand building material. If you can’t access used materials, then head to thrift stores or larger outdoor stores that sell cheaper items.

Design

Creating a design for your renovation is perhaps the most important aspect in the remodelling process. Use resources of the internet to get an idea of how you want to design things and speak to professionals to get expert advice and tips on how best to approach the renovation and how to work with the space that you have.

Extra help

Some renovations will inevitable require the use of a contractor. If you are not accustomed to working with plumbing or cabinetry, it is wise to invest in a contractor to handle those aspects of the renovation for you. The low cost of doing it yourself is gone, but not knowing what you are doing can cost you a significant amount of extra money in the long run! If you must go the route of hiring a contractor, you can still get things done cheaply by doing smaller tasks yourself. For example, if you hire a contractor to handle your new kitchen, you can paint the kitchen yourself, which will save you several hundred dollars.

Consider these tips!

Before you start your renovation project, consider these DIY home renovation tips. Each will save you time and money on your renovation. Adhering to them will help you increase the property value of your home and maximise your profits by allowing you to see a return on the money you spent remodelling, should you decide to sell your home.

Immobilienmakler Heidelberg

Makler Heidelberg

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