Sunrise Homes & Renovations, Inc.

4 Ways A Little Paint Can Revitalize Your Home

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4 Ways A Little Paint Can Revitalize Your HomeFixing up your home to sell doesn’t have to be a budget-breaker. You can revitalize the look of your property with a little bit of paint in the right places.

Here are some areas that will really stand out to prospective buyers.

1. Front Door

The front door always makes the first impression on visitors to your home. Remember that while they are waiting to enter your home, potential buyers have nothing to do except get a good look at your front door. For maximum impact, paint the front door a contrasting color to your house color. If budget allows, add a new door knocker and door knob.

2. Shutters

Vinyl shutters are very affordable when you buy them online. Before you hang them, use a spray paint gun to paint them in a matching color with your front door, or a contrasting color to your house color. 

3. Interior Trim

If your home still has bare wood trim throughout, consider painting it. This will instantly modernize your home since exposed wood trim tends to date a house. The best trim color is actually a creamy shade – not white. White trim can come off as a little harsh, and your goal in most cases is to make your home look as warm as possible.

Based on the results after painting the trim, you may find that you don’t even need to worry about repainting the walls. Instead, just spot clean walls in areas where they most need it.

4. Statement Wall

Another way that a little paint can revitalize your home for sale is to paint just one wall in a room with a contrasting color. This is commonly called a “statement wall” because it helps define the room and make a big impact on guests.

Note that oil-based paint leaves a residual odor for quite some time. If your home is being listed soon, you’re probably better off using acrylic paint. Consult with your paint store representative for details. 

These projects can all be accomplished by anyone who’s a little bit handy around the home. With a little paint and some elbow grease, your home will be picture perfect for prospective buyers.

Your trusted real estate professional can help you narrow down which home improvements will be most appealing to buyers. Asking for this valued advise could save you both time and money.

 

 

 

Can You Really Buy Off-Planet Real Estate?

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Can You Really Buy Off-Planet Real EstateReal estate agents are constantly looking for new listings, which will attract potential buyers. We no longer need to limit our search for good listings to planet Earth because Mars is now for sale.

Although this may sound a bit far-fetched at first, it is not such a strange concept if you consider the serious efforts being made to colonize Mars with the commercial efforts by companies like Space X. There is a company, called Lunar Land, which is already selling acres of land on Mars as a novelty.

Historical Precedent

Off-planet land sales have already had considerable success for those crazy enough to sell titles to land on the Moon. Lunar Embassy, which started in 1980, claims to have sold 2.5 million acres of the Moon for about $20 per acre. That’s $50 million in revenues.

This happened in spite of the Outer Space Treaty, which was signed by the US, the UK, and the Soviet Union. The treaty went into force according to Earth’s laws on October 10, 1967. Currently (February 2019), there are 108 countries who signed the treaty and 23 more who signed it but have not yet legally ratified it in their home country.

There is a loophole. There are 195 countries in the world. That means 64 are not a party to the Outer Space Treaty. Any of these countries can legally lay claim to any off-planet real estate according to their own country’s laws.

It’s A Fad Now That Becomes A Reality In The Future

Buying acres of land on Mars is really a fun fad. It has symbolic value but really has no practical value to earthbound persons. In a few decades, this may change.

The estimates by SpaceNews are that it will cost $230 billion to establish a human outpost on Mars with the target date of 2035. Each resupply mission, once every three years thereafter, will cost about $142 billion. The total cost to start the colonization of Mars is about $1.5 trillion.

Mars has about 35 billion acres. That means a commercial colonization program can “own” Mars for only $42.85 per acre.

The Mars Experience On Earth

One way to make this fantasy of colonizing Mars more real is to set up a practice project on Earth. We searched and found the worst, cheapest land in the United States. It is available for purchase at a mere $50 per acre. It is the worst kind of remote desert land with horrific conditions and no natural resources. However, even with the worst Earth conditions, it is a paradise compared to the challenge of living on Mars.

Some clever entrepreneur should create the Mars Habitat on Earth and invite participation to buy land and habitation in a project that develops a workable living space that is self-contained in these harsh desert areas on Earth.

If you are interested in buying a property here on Earth, contact your trusted real estate professional to assist in finding the home of your dreams.

3 Ways to Reduce the Environmental Impact of Your Home Renovation Project

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3 Ways to Reduce the Environmental Impact of Your Home Renovation ProjectThe right home renovation strategy can increase property values and improve the comfort and utility of your space. However, your actions could have a harsh impact on our natural resources.

Here are several ways you can reduce your renovation’s effect on the environment.

Use Sustainable Products

Choose Earth-friendly materials for a greener build.

  • Try reclaimed flooring. Ask permission at construction sites or search internet exchange boards to find unwanted extras. With a little artistic imagination, you can turn those cast-offs into a unique visual display.
  • Re-purpose existing material. Turn old doors into unique furniture pieces like tables and privacy shades to spruce up your new space.
  • Pick low-VOC paints to eliminate harsh chemicals in your immediate environment.

The best way to lower your impact on the Earth is to carefully choose which products you use in your project.

Evaluate Your Trash

Think about what you’re putting in the dumpster. Instead of taking up space in a landfill, many items can be redistributed and put to better use.

  • Donate household items that are no longer needed in your new space to your favorite charity.
  • Contact your local Habitat for Humanity office to help your community by donating your unused construction materials.
  • Contact your local school district. Some teachers take community donations to use in their classrooms.

Your trash could be someone else’s treasure. Don’t toss out something that others might need.

Take Care Of Your Immediate Area

Your environment includes the area in which you live. Use these tips to keep your property pristine during and after construction.

  • Rent a dumpster to make clean up easier. Pick up tools, trash, and other items at the end of each work session.
  • Use plastic tarps to protect landscaping and plant life from flying debris or chemical sprays.
  • Dispose of chemicals properly. Never pour paints, solvents, or other chemicals into your plumbing system or down a municipal drain.

Protect your neighborhood by taking careful actions during your build.

A home renovation is a fresh start for your property. Make it even more enjoyable by adding these Earth-friendly strategies to your construction plan.

If you’re planning to update your home before you put it on the market, be sure to contact your trusted real estate professional to discuss the improvements that will get you the most out of your investment.

Are Multi-Unit Properties the Right Move for You?

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Are Multi-Unit Properties the Right Move for YouReal estate isn’t a one-size-fits-all pursuit. Buying and renting multi-unit properties is one of the ways investors build residual income while increasing their property portfolios. However, multi-unit rentals come with some unique challenges. Are you ready to manage a multi-unit rental property?

Ask yourself these questions to help you decide which path best fits your resources, goals, and interests.

Do You Plan To Live On The Property?

Living in one of your rental units offers a myriad of benefits. First, you get to keep a close eye on building conditions and the actions of your renters. Next, you’ll be able to respond quickly to an emergency. Last, you won’t have to pay extra for your own living quarters. You won’t have this option with single-occupancy properties.

Will You Work With A Property Management Company?

If you are more of a hands-off investor, a property management company makes owning properties simple. Their staff will collect the rents, respond to requests for maintenance and repairs, and take care of all the paperwork that comes along with rental units.

All you need to do is collect your portion of the payments and keep up with your bank loans. You can still work with a property management company if you opt for single-family properties. However, it may not be the most cost-effective solution in that situation.

Are Market Conditions In Your Area Changing Quickly?

When rental prices go up, it can be difficult for investors to take advantage. Long-term occupants may balk at the idea of paying more for the same property. With multi-unit buildings, you can raise prices as tenants vacate. In this way, you can keep your current occupants happy without sacrificing potential profits.

Are You Looking For More Ways To Increase Your Income?

Multi-unit properties are a unique opportunity for enterprising investors. Rent out space under stairways or in common areas to vending machine companies. Your residents get convenient snacks and you earn a little extra cash each month. A coin-operated laundry room is another addition that adds value for your residents while increasing your own payouts.

Managing a multi-unit building means more paperwork, maintenance, and marketing. However, the potential profits might be worth it. Take some time to review your own goals and abilities before committing to a purchase.

Be sure to consult with your trusted real estate and mortgage professionals to find out more information about purchasing multi-unit rentals.

When Is The Best Time To Do Your Roof Maintenance?

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When Is The Best Time To Do Your Roof MaintenancePerform roof maintenance on sunny days when there’s less chance of slipping. Blocking off a weekend twice a year gives you plenty of time to complete the items below without rushing or taking unnecessary risks. The beginning of spring and fall present the best opportunities to complete your maintenance before the weather turns too hot or too cold.

Loose Debris Removal

Remove leaves, branches and accumulated debris before winter sets in. Set up a ladder, preferably with another person holding the ladder steady, and clean off as much debris as possible without risking your safety.

General Inspection

Start in the attic or crawl space by looking for ceiling stains. This may indicate water seepage that can compromise your home. Examine the roof in those areas to find loose, lifted or missing shingles that you have to replace. Then, examine the rest of the shingles for mold, worn spots, peeling or cracks. Also, check for missing flashing. 

If you don’t feel comfortable doing the repairs yourself, this is still a valuable exercise. You’ll know what to expect and can avoid charges for unnecessary repairs.

Moss And Mold

You can buy roof moss remover at most home improvement stores. Follow the instructions for best results. After the solution has had time to set, gently brush away the mold and moss, using a soft-bristled broom or wide brush. Try to avoid spray-washing shingles to preserve the UV-blocking granules on their surface.

Facia, Downspouts And Gutters
Protect your hands with heavy rubber gloves and remove debris with a scoop to make the work go quickly. Then, gently scrub dirt and grime from the fascias. Spray each area with a garden hose so that you can check for peeling paint or missing caulk. Re-paint and caulk these areas as needed and note any damage you’d feel more comfortable leaving to a professional. 

Chimneys, Skylights And Vents

Start by closing off your fireplace and cleaning any creosote from the chimney with a hard-bristled brush. Inspect the chimney for missing or cracked bricks. If you do the repairs yourself, remember to treat the chimney afterward with a water-repellent sealant. Inspect and clean vent outlets and skylights using a roof safety harness for steep inclines.

This may seem like a lot of work, but it can save you thousands of dollars by avoiding critical repairs due to negligence.

States With The Best Opportunities To Acquire Investment Property

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States With The Best Opportunities To Acquire Investment PropertyReal estate investors sometimes get stuck in a rut. They repeat the same type of investment that they did before. This is not necessarily a bad thing because a successful experience is worth repeating. However, it is also a good idea to occasionally take a look at the big picture as well, to see what else is out there for investment consideration.

Real estate markets go up and down. This can be a regional phenomenon. In some states, there are lots of properties that are “underwater.” This means the owners borrowed more on their property than it is currently worth.

In other states, there are properties that generate positive cash flow, while increasing in value. This is very desirable. It means that after paying all the expenses of owning the property, there is cash left over for the owner to receive and profits when selling the home.

Invest In Value

The investment strategy of buying low and then selling high is sage advice. To that, we would add the fine-tuning of buying value. Buying value means making investments that produce the greatest positive cash flows, while the investments appreciate in value.

State-By-State Comparisons

GoBankingRates did an analysis of the United States to see what states currently offer the best real estate deals for investors. They took a look at the three top markets in each state. They calculated the average for the home values and noted the increase in property value from 2017 to 2018.

There are 15 states that offer opportunities worth considering, which are:

Utah 

The three largest markets are Salt Lake, Provo, and Ogden. The average home price is $350,000 with a 12.6% year-over-year increase in value.

Idaho

The largest markets are Boise, Idaho Falls, and Coeur d’Alene. The average home price is $304,000 with a 12.6% year-over-year increase in value.

Montana

The largest markets are Billings, Missoula, and Great Falls. The average home price is $343,000 with an 11.1% year-over-year increase in value.

Maine

The largest markets are Augusta, Bangor, and Portland. The average home price is $231,000 with a 10.7% year-over-year increase in value.

Indiana

The largest markets are Indianapolis, Fort Wayne, and Evansville. The average home price is $179,000 with a 9.3% year-over-year increase in value.

Tennessee

The largest markets are Nashville, Memphis, and Knoxville. The average home price is $251,000 with a 9.1% year-over-year increase in value.

Georgia

The largest markets are Atlanta, Augusta, and Columbus. The average home price is $250,000 with an 8.8% year-over-year increase in value.

Michigan

The largest markets are Detroit, Grand Rapids, and Warren. The average home price is $205,000 with an 8.5% year-over-year increase in value.

Missouri

The largest markets are St. Louis, Springfield, and Kansas City. The average home price is $203,000 with an 8.1% year-over-year increase in value.

Mississippi

The largest markets are Jackson, Hattiesburg, and Gulfport. The average home price is $191,000 with a 7.4% year-over-year increase in value.

Ohio

The largest markets are Cincinnati, Columbus, and Cleveland. The average home price is $207,000 with a 7.2% year-over-year increase in value.

Nebraska

The largest markets are Omaha, Lincoln, and Bellevue. The average home price is $221,000 with a 7.0% year-over-year increase in value.

Alabama

The largest markets are Birmingham, Montgomery, and Huntsville. The average home price is $210,000 with a 7.0% year-over-year increase in value.

Kentucky

The largest markets are Louisville, Lexington, and Bowling Green. The average home price is $226,000 with a 6.0% year-over-year increase in value.

Arkansas

The largest markets are Little Rock, Fort Smith, and Fayetteville. The average home price is $195,000 with a 5.7% year-over-year increase in value.

Summary

There are interesting opportunities uncovered by this analysis. Utah and Idaho are very attractive for investing right now. Real estate investors considering any of these states can also compare population growth rates, unemployment rates, cost-of-living, and other livability factors when making an investment decision.

If you’re interested in looking at properties in another state, contact your trusted local real estate professional. They are the best resource to help you identify great properties and agents to work with across the country.