Ep 016 – How to Financially Manage a House Flip

SHOW NOTES:

On today’s episode, we discuss our tips for house flipping. Most people are aware of the HGTV version that shows a complete home remodel in a 1-hour episode. This conversation helps to peel back the layers and walk-through the financial and physical aspects that are crucial to executing a flip. Listen to learn the steps and processes to know what homes and locations to invest in, how to plan ahead for taxes, and what projects make a home more valuable.

IN THIS EPISODE:

  • [01:01] What is a house flip and how to find the best location for your flip?
  • [07:10] What’s involved in a flip: Financial and physical aspects.
  • [11:49] Taxes and whether to sell vs rent your newly remodeled property.
  • [15:27] What projects make a house more valuable and whether to invest as an individual, with a partner, or as a team?
  • [21:45] How important is staging a house before you sell it?
  • [26:35] Learn from others who have flipped before.

KEY TAKEAWAYS:

  • The key to flipping is knowing the market and the right locations. Then look for low priced homes in those trending neighborhoods.
  • The more you can do on your own without hiring a contractor, the lower your cost is to do the home improvement, which means the more likely that you’re going to be able to make more money on the flip.
  • There are five key financial elements to consider doing a flip: purchase price, remodel investment amount, remodel timeline, estimating sell price, and lastly taxes.

RESOURCE LINKS

HomeZada Website

Guide to House Flipping

Ep 015 – How is Your Health is Impacted by Home Maintenance

SHOW NOTES:

We want to speak about how your home can impact your health. You might not realize but regular home maintenance plays an important role in protecting you from illness. On today’s episode, we discuss four key components to consider when thinking of your health as it relates to your home. Listen as we give helpful tips related to air, water, fire and earth and the damage they can cause.

IN THIS EPISODE:

  • [01:20] What is a healthy home and why it’s important.
  • [2:45] How to protect air quality in your home.
  • [09:20] The two main ways that water in your home can affect your health.
  • [16:42] How to protect your family and home from fire.
  • [23:52] Understand the different threats that the earth poses to your home.

KEY TAKEAWAYS:

  • One of the first things you can do to protect air quality is change your air filters, change them regularly. Do not wait, change them regularly.
  • Be better prepared for a fire inside your home by placing fire extinguishers in key areas of your home so you can easily access them.
  • If you bought a home with a retaining wall, you want to make sure that the retaining wall is being held in place and draining correctly. If not, the build of water can cause major issues to your home.

RESOURCE LINKS

HomeZada Website

https://www.hud.gov/sites/documents/DOC_11880.PDFhttps://blog.homezada.com/2021/09/26/a-glimpse-into-toxin-free-trends-6-ways-to-create-a-non-toxic-home/

Remodeling Projects to Add Value to Your Home

Remodeling Projects to Add Value to Your Home

Renovating a home can be a great way to add value. Not only will you impress potential buyers, but you’ll also enjoy the fruits of your labor while you live there. Of course, not all renovations are created equal.

Some projects are more likely to increase the home’s value than others. Here are a few remodeling projects that can add value to your home.

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Understanding the Water Softening Process

Understanding the Water Softening Process

If you have a water softener, learning exactly how it works can be useful—especially in the whole-home filtration. Armed with the knowledge of the water softening process, you can get a clearer idea of how each of the components operates and even learn how to repair your softener. Check out our short primer on the water softening process below.  

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8 Tiny Home Storage Ideas

8 Tiny Home Storage Ideas
Photo by Jed Owen on Unsplash

In a tiny home, having a well-thought-out storage and organization strategy is crucial. In order to help you organize your own home, read on for some creative storage solutions for small homes that you might not have thought of.

Keep in mind that changing your mindset is just as important as coming up with brilliant storage ideas. Comfortably living in a tiny home can be too frustrating if you don’t significantly change how you feel about your possessions.

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