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Casual Articles - Basement Conversions - An Investment Strategy
Do you use client testimonials on your sales marketing materials? The use of client testimonials is one of the best and oldest sales marketing tactics, whether it be used on your flyers, brochures, company website, newspaper & magazine advertisements, or even framed letters hanging on your office wall.Using client testimonials works. But there is a right way and a wrong way to do it.In short, when including a testimonial in sales marketing materia
You talk to a contractor. If done simply he can panel the walls, put in two walls for a bedroom on one side, install ceiling tiles, electrical outlets, carpet and two special windows - all for $16,00
Sometimes the right word is no word. On occasion we need to remain silent and let the other person talk. We have heard in sales that the first one to talk after the close loses. After the persuasion process and the final decision is ready to be made, make your proposal and shut up. The silence is nerve-wracking, but it’s a critical time to let the prospect make the decision without you rambling on and on about the product or service.How often have you no
Why should you convert basements into living space? Because unfinished basements are the most under-valued space out there. Finish them, and you can quickly and efficiently raise the value of a home. You can even make an investment strategy of buying homes with large unfinished basements, in order to resell them for a profit.
Basements are not common in all areas of the country. They also take many forms, such as the "Michigan Basement," which is essentially a hole in the dirt that the house sits over. The basements you want for this strategy are known as "full" basements, meaning they have the same square footage as the floor above them.
You also want basements that are absolutely dry. Look for damp corners or water stains from previous seepage. Unless you know for sure that you can resolve any moisture issues - and at a reasonable cost - don't buy the house. You also want to check to see if basement space really does sell cheap in your area. Basements, like anything else in real estate, can be valued differently in different parts of the country.
A Basement Conversion Example
Suppose you find a neighborhood where the 1500 square-foot, 3-bedroom homes have been selling for around $135,000, and the 1000 square-foot , 2-bedroom homes without basements are selling for around $90,000. You also notice that 2-bedroom homes with full basements sell for about $100,000 - just $10,000 dollars more for that extra 1000 square feet of unfinished space.
You talk to a contractor. If done simply he can panel the walls, put in two walls for a bedroom on one side, install ceiling tiles, electrical outlets, carpet and two special windows - all for $16,00
If you act now, there are many things you can do to minimize your tax burden. Unfortunately, most individuals wait until the year is over to see a tax accountant.First, decide whether you want to lower or raise your current year taxable income. Most will want to lower their current year taxable income because a dollar in tax savings today is worth more than a dollar saved next year. However, often new businesses will anticipate a lower marginal tax ra
Basements are not common in all areas of the country. They also take many forms, such as the "Michigan Basement," which is essentially a hole in the dirt that the house sits over. The basements you want for this strategy are known as "full" basements, meaning they have the same square footage as the floor above them.
You also want basements that are absolutely dry. Look for damp corners or water stains from previous seepage. Unless you know for sure that you can resolve any moisture issues - and at a reasonable cost - don't buy the house. You also want to check to see if basement space really does sell cheap in your area. Basements, like anything else in real estate, can be valued differently in different parts of the country.
A Basement Conversion Example
Suppose you find a neighborhood where the 1500 square-foot, 3-bedroom homes have been selling for around $135,000, and the 1000 square-foot , 2-bedroom homes without basements are selling for around $90,000. You also notice that 2-bedroom homes with full basements sell for about $100,000 - just $10,000 dollars more for that extra 1000 square feet of unfinished space.
You talk to a contractor. If done simply he can panel the walls, put in two walls for a bedroom on one side, install ceiling tiles, electrical outlets, carpet and two special windows - all for $16,00
Our strengths often become weaknesses because we rely on them too heavily, habitually doing what we do best instead of seeking the best things to do. Someone said, “If your only tool is a hammer, you approach every problem as if it were a nail.” Put down your old, familiar tools for now, or else find a different way to use them. Doing the right things, even very imperfectly, can bring you a quantum leap. Doing the wrong things, even if you do them to perfection
You also want basements that are absolutely dry. Look for damp corners or water stains from previous seepage. Unless you know for sure that you can resolve any moisture issues - and at a reasonable cost - don't buy the house. You also want to check to see if basement space really does sell cheap in your area. Basements, like anything else in real estate, can be valued differently in different parts of the country.
A Basement Conversion Example
Suppose you find a neighborhood where the 1500 square-foot, 3-bedroom homes have been selling for around $135,000, and the 1000 square-foot , 2-bedroom homes without basements are selling for around $90,000. You also notice that 2-bedroom homes with full basements sell for about $100,000 - just $10,000 dollars more for that extra 1000 square feet of unfinished space.
You talk to a contractor. If done simply he can panel the walls, put in two walls for a bedroom on one side, install ceiling tiles, electrical outlets, carpet and two special windows - all for $16,00
Imagine a city in the US with a population of one million people. Now imagine that each of those one million people is a lawyer. The mind boggles!For the city to prosper, its residents need to be gainfully employed and so to achieve that, this horde of lawyers launches a reported ninety million lawsuits each and every year against the citizenry of other US cities.Staggering in its scope isn’t it!It is said that the US has by far the largest
A Basement Conversion Example
Suppose you find a neighborhood where the 1500 square-foot, 3-bedroom homes have been selling for around $135,000, and the 1000 square-foot , 2-bedroom homes without basements are selling for around $90,000. You also notice that 2-bedroom homes with full basements sell for about $100,000 - just $10,000 dollars more for that extra 1000 square feet of unfinished space.
You talk to a contractor. If done simply he can panel the walls, put in two walls for a bedroom on one side, install ceiling tiles, electrical outlets, carpet and two special windows - all for $16,00
There are many things to consider when creating a software interface for an electronic kiosk. One of the areas that needs a particularly vested interest is the interaction design of the kiosk software. Three important aspects of kiosk software interaction design are branding, speed and sound.Branding is an important component of any kiosk user interface. If you are designing a kiosk for use in a retail location, you should take care to incorporate a b
You talk to a contractor. If done simply he can panel the walls, put in two walls for a bedroom on one side, install ceiling tiles, electrical outlets, carpet and two special windows - all for $16,000. He can do it in about two weeks time. The windows make the space legally habitable by allowing an exit in case of a fire.
Other alternatives include a sliding glass door and patio if the land dips low on one side. You might make two bedrooms as well. Put at one end of a basement, two bedrooms require just two new walls. Painting the basement wall without paneling them is possible too, if the cement blocks have a decent appearance. Light colors will brighten up the space.
You wait for the right opportunity, a 2-bedroom home which because it was a rental is dirty. You make an offer of $86,000 and eventually get it for $89,000. You decide on a family room in the basement, with a slider opening to a patio, and one small bedroom as well. This costs you $22,000. With closing costs and one month's holding costs, you now have $114,000 into the property.
You also have a three bedroom home with 2000 square feet of finished space - more square footage than most of the 3-bedrooms in the neighborhood. It takes two months to sell, but you get $139,000 for it. Holding costs added another $1,750 in expenses, a 5% commission cost you $6,950, and other closing costs were around $1300. That means you had a total of $124,000 into the project, giving you a profit of $15,000.
That isn't a large profit, but on the other hand, you are paying people to do all the work. If you find that this strategy can be replicated, you could have several projects going at once. Anot
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