If you are a real estate investor, you know that Texas hard money lenders are a great resources for your hard money loan to purchase and rehab a fix and flip property. In addition to providing hard money loans, Texas hard money lenders also know a thing or two about property renovations.
For many first-time flippers, the process of renovating a home can be overwhelming. If you find yourself not knowing where to start, it can be easy to over-improve a home. While this many not sound like a big deal, it is. If you over spend on renovations, you run the risk of putting more money into the home than you will be able to get when you sell it.
If you are unsure what renovations will help you make money and which to skip, you need to consult the experts. Texas hard money lenders have given a lot of hard money loans on fix and flip houses and seen many success stories, as well as failures. As a result, they know where you should splurge and what projects you may want to skip.
Top 3 Projects That Will Earn Top Dollar, According to Texas Hard Money Lenders
Based on their experience with fix and flip investment projects, here are the top three money making renovations, according to top Texas hard money lenders
1. Flooring: If you purchase a fix and flip property, chances are that the floors will be in bad shape. Stained carpet, burned or scratched hardwoods, or even carpet that has been completely removed and sold as scrap. Buyers do not want to purchase a home with tattered, worn, or missing flooring. Durable laminate and higher end carpet are great options that are budget friendly. If the home is in a particularly prestigious neighborhood, you may want to look into springing for hardwood or tile.
2. Kitchens. A kitchen will really help sell your home. If the kitchen is dated, spruce it up with new paint, appliances and counter tops. You can look into quartz options to help save money.
3. Major structural issues. If you purchase a home and find that it needs a new roof or has foundation issues, these will make it impossible to sell. Make sure that you budget for any major issues that may come up during your renovation. Texas hard money lenders
know that structural improvements are a must if you want your home to sell for top dollar.
Once you have decided to purchase your fist fix and flip, make sure to find Texas hard money lenders that will lend a helping hand.
Call the experts at Level 4 Funding to get your renovation project started and make money today!
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.
Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.