Read this first
The idea of continuous transformation makes humans innovative. For this exact reason, they purchase fixer-uppers. But are fixer-uppers always a good idea when it comes to ? We review here.
First, let’s find out what do we mean by “fixer-upper.” A fixer upper is a home that requires either minor or major rehabilitation before it can be used for its certain purpose. The repairs needed by a fixer-upper can vary from a coat of fresh paint to an entirely new roof.
A home inspector plays an important role in your buy-to-rent property purchase. Below are 10 important questions that you must ask a home inspector before hiring them:
The inspector should ensure that their inspection and inspection report will meet all your requirements and will comply with the code of ethics. You should be able to ask any questions and check if all the areas are inspected or not.
Real estate investment is considered as one of the best business practices one can make with their money. This year, general contractors have seen a jump in investing for single-family homes as compared to other types of real estate. The price of a single-family rental home looks more attractive for beginer investors and adds a great start to a portfolio or quick portfolio add-on.
It's no surprise why there are so many investment opportunities in this market, as home prices experienced a major drop in certain areas in Canada. Read on for benefits of investing in a single-family home:
Financing for a single-family rental investment is generally based on the principles of commercial lending that include a capital expenditure reserve. For some residential investors, capital expenditure terminology — CapEx for short — is unfamiliar. Capital expenditure reserves are common in the commercial real estate but lesser known in the residential real estate space.
A capital expenditure is something that can be capitalized over a stipulated period. It either adds or upgrades the physical assets of a property. Basically, it is a one-time huge expense.
Examples of capital expenditure include a new roof, flooring or appliance. It can also include installation of a new heating and cooling system or undertaking maintenance of an existing HVAC system. The same goes for new plumbing or major electrical work.