How Has Covid-19 Impacted House Flippers?
House flipping is a means of income whereby an asset is purchased, such as a home or apartment. Improvements are then made on the property in order to generate a profit upon resale. When flipping houses, there is a rule of thumb when it comes to getting a sufficient Return on Investment (ROI). The whole flipping process must be worth your time, money, and effort. Normally, the 70% rule is the metric used by industry professionals, and it states that the maximum amount to pay for an initial fix-and-flip property should be no higher than 70% of the price you determine for resale, also known as the After Repair Value (ARV). This is the point at which you stand to make a profit. Obviously, paying less than 70% is preferable, but this is a maximum cutoff point.
Cost-Saving Tips for the Yard
We often take a look inside our houses to find ways to save money, but the things that cost us may actually be outside the door in our yards. These little expenses can add up, costing you more in the long run. When taking a look at the problems to address, you’ll...
Kindness and Business
"We rise by lifting others." - Robert Ingersoll The modern television businessman is not known for his kindness. Shows like Madmen, Suits, and Undercover Boss paint bosses to be uncaring, take-charge, and rude. That does not have to be the reality of the modern-day...
Tips For Overcoming Business Challenges
Any successful business owner will attest to the fact that challenges are inevitable. While some challenges pop up out of nowhere, others can be spotted coming and make it easier to plan for. From bad partnerships and stolen intellectual property to pandemics,...
What IS Georgian Architecture?
What is Georgian Architecture? Often when I think of Georgian architecture, I think of large houses that were mostly seen in the southern part of the United States. But it’s more than just big boxy houses. These houses often had a lot of character and charm that you...
Create a Unique Room with Trim
When we think of decorating a room, we think of the basics: paint, flooring and window treatments. From there, we create a theme for the room, whether it is based on a colour, a style or an object. For walls, the usual thinking is to use paint and hang up some...
Exploring the Elegance of Tudor Architecture
Architecture has its roots in ancient Greece and Italy. Over the centuries, the various styles have morphed into new ones, with most a reaction to its predecessor. New building materials and processes also created new architectural styles. One such style is Tudor....
Architectural Spotlight: Modern Architecture
In my previous blogs, I have written about a number of architectural types or styles. Each one denotes a time period showcasing advancements in design, building materials, and engineering. Each architectural style is inspired by its predecessor; each uses the same...
How Technology Impacts Plumbing
Plumbers have been around for a long time, but the industry is far from static. Technology is actually changing the way that plumbers operate. Some of those changes reflect the changing tastes of consumers, but others simply make the job easier or help with running...
Create the Kitchen of the Future
We all have a dream kitchen that has the right colors, textures and materials. The recent kitchen trends include going modern with bold colors. Black matte is also popular as are shelves on backsplashes. However, the most important part of the kitchen is often an...