The bathroom is often the most expensive part of the house to renovate or remodel. That is why it is important to find some hacks that can be used to improve its appearance without spending a fortune. Here are some tricks that can help you make your bathroom look expensive even though it is not.
Make your bathroom look expensive by changing your lighting fixtures
New lighting fixtures might not be the least expensive items you can decorate your bathroom with, but they are always worth the money invested. Remember, changing your lights is also a part of your house improvement project and can add value to your home. We often overlook the importance of overhead lighting in our bathroom. However, you will agree that a bathroom with carefully chosen chandelier looks more luxe than one with built-in led panels. Also, you can make this room look more exclusive by selecting some nice sconces for your bathroom mirror.
A fancy mirror will always do the trick
Why settle for a plain, frameless mirror in your bathroom when you can hang one that can really make a statement and be a reflection of your refined taste? When shopping for a bathroom mirror, you should think outside the box. Your perfect piece is not waiting for you in a local hardware store. Put some more effort in browsing and you will most certainly find the mirror that makes the wow effect. Luckily for you, such a mirror doesn’t have to cost an … Read More
According to real estate investment professionals like Steven Taylor Landlord, one of the more popular and profitable ways of deciding what apartment building to purchase is to identify value-add opportunities. A value-add situation occurs when an investor locates a property that could benefit from repairs or upgrading of amenities. These repairs or upgrades are completed with the intention of the ability to increase rents or an increase in property value that exceeds the cost of any improvements. Here are three things to look for when identifying a value-add apartment building investment opportunity.
Does the Property Need Updating?
Many apartment buildings have gone for decades without significant upgrades. They may have owners that have chosen to defer maintenance for extended periods of time. When these types of buildings come on the market, they can be significant opportunities for the sophisticated investor.
Ultimately, the investor must be savvy enough to know that the amount they invest in upgrades is going to be less than the expected value of the property after the updates have been completed. The increase in property value could come from greater appraised value or the ability to increase rents.
Are Current Tenants Paying Less Than Market Rates?
Oftentimes, apartment building owners or managers do not increase rents for current tenants in keeping with the market. When a building with low rents comes up for sale, it may be a great opportunity.
Raising rents may be easy in some localities or a serious challenge in rent-controlled areas.
… Read More