One of the most important responsibilities you have as a homeowner is to not only maintain your home in proper working order but also to improve on it. Improving your home cannot only provide you with a more comfortable lifestyle, but it can also greatly affect the value when and if you decide to move. Therefore, the following list includes a few smart renovation choices that will pay off later.
Smart Renovation Choices: Focus on Green Renovating
As baby boomers begin to settle into their golden year homes, millennials will take the reigns as the number one home-buying demographic. Millennials are a unique group as they don’t just care about the aesthetics of a home but more so how it protects the environment. Therefore, to have a leg up on the competition, it is highly recommended to conduct a green renovation of your home. One way you can make your renovation project green is to use green materials. You can achieve this by looking for post-industrial recycled content. This means it can be easily recycled once it is up for replacement.
Stick to a Budget
It can be easy to go overboard with home renovations. Some of the places where budgets go array include the bathroom, kitchen, and bedroom. You should plan out exactly what you want and only leave a small window for changes. Therefore, it is highly recommended to create and stick to a budget throughout the entire process. This will ensure that your ROI remains large and you’re not losing money in the process.
Smart Renovation Choices: Don’t Price Yourself Out
One of the most common mistakes made by homeowners is pricing themselves out of their neighborhood. This is why you should always research the prices of other homes within your area to ensure that you aren’t putting too much money into your renovation. The reason behind this is because the people looking at homes around you might not have the resources to purchase your home. You might have the best home on the block but nobody to sell it to.
Improving your home is one of the best things to do for your way of living and the future. Thus, it is paramount that you adhere to the information listed above to make sure that your next home improvement project goes off without a hitch and provides you with a great ROI.
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The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education, and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agents, brokers, investors, hedge fund managers, rehabbers, wholesalers, and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that it does not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
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