Successful real estate investing depends largely on a correct assessment of a property's profit potential, but it also depends on your ability to transform a doghouse into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits, but if you make wise choices in your choice of colors, textures, and building materials, you'll assure yourself a fast and cost-effective sale.
One of the most important things to remember is that our human senses and emotions are affected by decorating details and choices of materials. Potential buyers will look at your home with their eyes, but their brains will then interpret what they see and feel, according to subtle touches you've incorporated into your house. Your goal is to create a home that buyers won't be able to live without.
After we've located and purchased a doghouse, my husband and I invite friends and family to a "Doghouse Open House Party." We ask them to bring along any unwanted household fixtures they might have, and ask for any fix-up ideas that might occur to them while they spend time in the house. There have been many times when we've used those ideas when we were in need of inspiration. Having a party in the house also serves to divert our attention from what sometimes seems like an overwhelming amount of work ahead of us.
When we begin a makeover, we buy our remodeling materials with drama in mind. We want to take a dirty, neglected doghouse and transform it into a beautiful dollhouse, and we're willing to invest a bit more time and money than the average investor in order to achieve a truly dramatic result. Our average renovation of a doghouse will run about $12,000, including the cost of materials and the hiring of outside help, but the profits we receive have proven well worth the expense.
To be successful, know what you're getting yourself into, choose your remodeling materials carefully, and always keep your potential buyers' wants and needs in mind. If you do that, you'll find buyers lining up to bid on your properties.
(c) Copyright 2004, Jeanette J. Fisher. All rights reserved.
Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhouse fordollars.com/pages/5/index.htm
What is a loft apartment? At the most basic level... Read More
San Diego county has always been known for its Luxury... Read More
Real Estate investing can be used to gain wealth in... Read More
In medicine, a placebo is a pill that you think... Read More
It seems that everyone loves a good real estate story.... Read More
Real estate investors specializing in fixers make higher profits when... Read More
Real Estate: Reasons and Priorities for Purchasing Property. It's not... Read More
With the recent release from the UK's biggest mortgage lender,... Read More
Here below are some of the reasons why buyers may... Read More
On October 22, 2004, President Bush signed tax legislation that... Read More
Real estate values rise and fall in cycles. Currently home... Read More
If you want to buy a house but don't think... Read More
Any Sally and Sam Homebuyer can look at a home... Read More
For most of my adult life I had thought about... Read More
Among your many responsibilities as a landlord, the law provides... Read More
When looking for a new home or property, buyers ask... Read More
The Economist magazine published a special report in this months... Read More
Do you dream of making money in real estate? Do... Read More
There are mobile homes for sale, for much less than... Read More
Why without asking your boss? Two reasons, one, he or... Read More
When you call sellers, what do you say? When you... Read More
It's probably happened to you...Folks learn that you know something... Read More
You'll want to take some items in your own car... Read More
So you're thinking of getting into a bigger house. You... Read More
Do you need to sell your home quickly? If so,... Read More
Considering the rapid rise in home prices over the past... Read More
Most experienced property investors use property managers. Why? Because they... Read More
Selling income property isn't like selling a house. You can... Read More
Styles of houses vary across the country. From the New... Read More
Discover new interior Design Psychology strategies to increase your real... Read More
The only way to buy a home in Spain is... Read More
Leverage: With real estate, people and companies will lend you... Read More
Many homes remain unsold for a long time because they're... Read More
Higher interest rates and home prices in the past have... Read More
When painting your home for resale, choosing the right colors... Read More
Sue and Chuck DeFiore have the perfect solution for you... Read More
When managing residential properties one bad tenant can often undo... Read More
The majority of people in the UK who are looking... Read More
Most people in America rent a personal dwelling!Just think how... Read More
The Murcia region in Spain benefits from some of the... Read More
Last week, we started a multi-part series about how to... Read More
Okay, let's take a look at the typical payout options:Full... Read More
Some call it the 30 second commute. We call it... Read More
Because you need quick action when applying for a real... Read More
The phone range and Peter was on the other end... Read More
Should you sell your home yourself? Yes and no. Yes,... Read More
As a native Midwesterner, the first thing I noticed when... Read More
Many of you may not be aware of the various... Read More
There are many expenses that come with buying a home.... Read More
Given the current interest (dare I say hysteria) associated with... Read More
Whether you're a "move up" home buyer, downsizing, or relocating... Read More
Many who have bought and sold properties through Realtors numerous... Read More
Tensions can run high in both the selling and buying... Read More
Property Condition - Seller's What to Expect During the Inspection... Read More
With the recent release from the UK's biggest mortgage lender,... Read More
Owning a home is the original American dream. It's the... Read More
More money can mean better:- Health Care - Relaxing... Read More
Buyers think they love Italian tile and other hard floor... Read More
Welcome to the second segment of a three-part series about... Read More
The Southern California city of San Diego has all the... Read More
Advice to Help When You're Buying a HomeFirst time home... Read More
Specific marketing campaigns are no longer just for automobiles and... Read More
We are selling our house. We have lived here for... Read More
To own a home is one of the dreams every... Read More
When property investing, pay the seller their asking price but... Read More
Happy New Year, Make it a better world. "Pay it... Read More
Real Estate |