Front Porch Updates – ROI On Your Short Term Rental

When you decided to invest in a property, whether it be for a short term rental like we do with our friends at http://extendedstay-tucson.com or a more traditional rental unit, it’s important to know how to get the most out of your money as far as doing upgrades. You obviously want the property to be as marketable as possible, but at the same time, you can’t sink a ton of money into each project and still expect to have a positive cash flow. One of the projects we found to have a good bang-for-the-buck was remodeling a front porch. It not only helps make a strong first impression to potential tenants, it actually makes for a better living space over all.

Making over a front porch doesn’t have to be a big ordeal. Sometimes all you need are a few quick fixes to make a big impact. This front porch felt like it needed a new life. A door was a bit dark, the bench was bit tired and the light fixture wasn’t quite the scale and, most importantly, the column was rotting at the bottom, so we knew we have to get that fixed.

We began by priming and then painting the front door with a nice shade by Beauti-Tone called Demi, a shade which is a bit softer than Chartreuse. We decided to give the old hardware a new life by painting it out in a matte black [?] coats spray paint. The trim needed a bit of a touch-up, so we used Beauti-Tone’s capture color matching system to get an exact match of the existing paint.

This gadget is actually really cool. It allows you to color-match anything in your home to the closest Beauti-Tone shade and you can borrow it at any local home hardware. When DIY-ing, you need to know when you can tackle a project yourself and when you need to call in a professional. And because this call was a bit of an undertaking, we called in our friend, Trevor.

To fix the column, Trevor began by removing the rotting base and replacing it with pressured treated wood. He then reinstalled the column and to finish it off, he placed an aluminum cap from Home Hardware around the base. Then we switched out the light for a larger fixture with clean lines and a hexagonal shape.

We wanted to add more weight to the house number, so we’ve chose a black backing plate, which contrasted really nicely with the pewter numbers we found. This bench really was tired. Some of the rails that come loose, they needed to be re-glued back together and to protect it from the elements, we decided to give it a fresh coat of paint.

We used a sprayer which was a lot of fun and allowed us to apply a very thin coat which showed off the wood grain. It was easy to use around all of the spindles and gave us that professional look. We took a dull lackluster porch and gave it a fresh new look with a bolt new color which really got the neighbors talking.

Should I Buy Rental Property

Purchasing a property can be exiting, but it can also be stressful, no matter how simplistik you try to make it. If you do not have the right advice and information, big mistakes could really haunt you for a long time to come. Avoid these mistakes by learning these tips below.

Real estate agents should contact those who they have helped buy or sell a home once each year. If you stay in contact with them, you will be reminding them how much you helped them with the buying or selling of their real estate. Give them a friendly reminder that you make money through referrals, so you would be pleased if they could mention your name to others.

Be flexible in your choices. Perhaps you are not in a position to afford the house you really want. If you are unable to locate the kind of house you want in a neighborhood you like, look elsewhere for that style home, or look for other houses in that neighborhood.

Try not to be discouraged if the seller of a home you want to purchase does not accept your offer, often times sellers are willing to negotiate different aspects of the sale with you, to make the sale still possible. The seller might be able to reduce the price, repair things or share the closing cost.  If you’re having a hard time deciding what’s best for you, especially if you’re considering buying for the purpose of renting as corporate housing in Tucson, we suggest you contact CorporateHousingTucson.net. These guys are great to talk to and can give you a lot of great insights and information.

When you decide to purchase a new house, look at the long term potential. While you might not have children currently, you should look at the quality of area schools if you think you may still reside there when you do have children.

When you are buying a new property, you need to have some liquid funds available for unexpected expenses. Buyers usually consider the down payment, pro-rated property taxes and points when calculating closing costs. In most cases though, the closing costs include additional items, such as school taxes, improvement bonds and other items specific to the area.

Try to understand mortgage loan terms before you go to buy a home. Knowing everything you can about monthly mortgage payments and total cost of the loan will minimize all of your confusion.

Educate yourself thoroughly on mortgage loan terms if you are in the market to purchase a home. Understanding how the mortgage term will affect your monthly mortgage payment, as well as how it will affect the total cost you will pay over the life of your loan, will help minimize later confusion.

It is fair to assume that if the home you are buying is foreclosed, it will probably require some repairs. Most foreclosed homes have sat vacant for a period of time, and have not had regular maintenance. Many foreclosed homes that are on the market will need to have new HVAC systems put in, and may also have pests.

Before buying a home, get an inspector to examine it. Buying a house that requires renovations is a decision that can cost you a lot of money if you don’t know what you are getting into. Not only will you have to pay a lot to fix everything, you may even have to live somewhere else while your new home is getting fixed.

When selecting an agent to help you with your home search, ask them how long they have lived in the area. An agent who is relatively new to the area won’t be as familiar with the roads, neighborhoods, zoning and projected growth as someone who has lived there for many years. Agents who have lived in the locale for ten years or more will be able to provide you with information that is of particular importance to where you’re planning to buy.

So you want to find a place to purchase, but firstly you have to have a real estate agent who’s qualified. Be sure to find a trustworthy real estate agent. An experienced agent can show you appropriate homes. Make sure you take your time in finding yourself the perfect agent, one who has your interests at heart and cares about your needs.

In conclusion, we have provided you some of the most crucial aspects regarding buying real estate. We hope that you not only were able to learn something, but that you also will be able to successfully apply it. Follow our advice and you will be one step closer to being an expert in this subject.