Make Money in Real Estate

It would be nice if making money in real estate was easy. Unfortunately to make money in real estate requires a lot of time and effort. The only way to really profit buyiing and selling real estate is to do the work yourself. DIY home remodeling will yield the most profit for your labors.

Finding the right property in the right location is key as well. The old saying “Location, loacation, location” has a lot of truth behind it. Typically your property search should be for a home in a desired location that is relatively cheaper than surrounding properties. Buy low and sell high is what we’re after here. Things to consider would be accessibilty to interstates and convience stores. How good are the schools? Are the taxes reasonable?

I was able to find a home close to shopping, interstates and great schools. Luckily there was also a couple of home centers close to help with buying supplies for my home remodel. My small two bedroom one bath home was in a great location for a DIY home remodeling project. The plan was to remodel and live in the house for a couple years then sell and hopefully make money in real estate for the first time.

Initially the old home was going to need lots of remodeling. I was able to purchase the home cheap as it was in need of alot of repair. I think one  must really strive to have a open mind when looking at real estate. I kept a vision of how I wanted it to turn out and made it happen. Keeping my goal in mind the whole way through the remodeling project kept me on track. I new the payoff would be good in the end and my labor would be worth the effort.

The cost to remodel a home would have to be limited in order to keep the selling price reasonable for the real estate market at the time. I took a good look at the scope of the entire project and all my resources to keep my cost to remodel at a minimum. Fortunately I created a list of all my expenses of the cost to remodel a home. Check it out, it may give you an idea of what it would take financially to do your own home remodel.

Throughout my remodeling project I took lots of pictures. People have different tastes but hopefully you will find my remodeling pictures useful to give you inspiration to make money in real estate with your home remodeling projects.