Path to home-flipping profit is not as simple as TV shows portray it

Home Renovation
Eliza

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The rise of popular home renovation TV shows makes house-flipping look seamless, where all it takes is a fresh coat of paint, some elbow grease and a can-do spirit to make a run-down property pristine and market ready. The reality is that the path to profit is not as simple as it is entertaining.

House-flipping requires diligent homework on the part of the investor, and the first step is to study the housing market to understand the going rates for home values ​​in the area.

When mapping out the viability of a flip, investors use a calculation to determine the “after-repair value” (ARV) of the home. The ARV is the price that the home should sell for after renovations occur, based on market standards.

There is a general rule-of-thumb when seeking a profitable flip, called the 70 percent rule. Under the rule, the goal is

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10 dos & don’ts of a new bathroom

Home Renovation
Eliza
Home renovation: Luxury style light gray bathroom 3d render,There are marble floor and wall ,wooden sink counter and copper frame mirror,Rooms have large windows, overlook nature view,sunlight shining into the room.

Home renovation: There’s a reason white sanitaryware has remained popular for so long — it looks clean and it goes with everything. Photo: Getty

Should you squeeze a bath into a tiny bathroom or try a sanitaryware statement? What should you splurge and skimp on?

We asked the experts for their tips on getting the best value out of a bathroom renovation.

Do avoid dark colors

There’s a reason white sanitaryware has remain popular for so long — it looks clean and it goes with everything.

“Stick to white,” says interior designer Simone Suss. “If you do decide to go for black and you live in a hard water area, you will see white water marks everywhere!”

If you want to add some color, do it on your walls — just don’t go too bold.

Read more: Home renovation: The dos & don’ts of a basement conversion

“Whilst dark

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Texas Couple Renovates Old Shed, Turns It Into a Tiny Home: Photos

Home Renovation
Eliza

Katy Krebs and her husband, Michael, were looking for a place to call their own when an old shed that used to belong to Michael’s grandparents caught their eye.

Katy Krebs, her husband Michael, and their two daughters Carolina and Harper.

Katy Krebs; her husband, Michael; and their two daughters, Carolina and Harper.


Katy Krebs



The Krebs had been renting for about seven years. When the coronavirus pandemic hit, they decided it was time to find a place they could call their own, especially since they were getting older and have two daughters: Carolina, 7, and Harper, 3.

They didn’t have to look far to find the solution.

The couple had inherited 70 acres of land in Fayetteville, Texas, from Michael’s grandparents. The property includes agricultural land — and a small, rundown shed.

“We thought the shed was the perfect thing to fix up and make into a tiny home, where we could live while saving up some money so we can

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New Jersey man unearths buried cash dated to 1934 during home renovation

Home Renovation
Eliza

A New Jersey man excavating debris around his house stumbled upon a mystery last week when he accidentally unearthed $1,000 worth of bills all dated to the year 1934.

Rich Gilson was using a rented mini-excavator Friday to clear up the debris after he and his wife, Suzanne, updated their 1920s-era home in Wildwood with a new foundation and an addition, he told NJ Advance Media.

Gilson said that as he was working away, he spotted two “little round things” maybe 2 inches across and around 3.5 inches long.

“I thought they were weeds,” Gilson told NJ Advance Media. “I picked them up and just threw them aside, and they went into the pile I was using for fill.”

It rained the next day, and when Gilson resumed his excavation work Sunday, he could see the two objects more clearly and realized they were tightly wound wads of old

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How to Calculate the ROI of Your Home Improvement Project

Home Renovation
Eliza
Image for article titled How to Decide Whether a Home Renovation Is Worth the Cost

Photo: x-ray (Shutterstock)

Owning your home is about more than just having shelter—it’s about managing an 😊. A house or condo is often your largest asset, so instead of simply enjoying it, you have to worry about improving it all the time in the hopes you’ll be able to sell it for a lot more than you paid someday.

It’s like that the moment you bought your house you began schemating to radically change it—to add or redo a bathroom, to finish the basement, or to modernize the kitchen. Whenever you hesitate to consider how expensive those renovations will be, someone invariably tells you that it will increase your home’s overall value (because no one stays in a house for the duration anymore—the average homeowner will only linger between eight and 13 yearson average, before moving again).

But how much will your renovation increase your

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