Additional information
by Nat Chiaffarano Mba (Author)
The purpose of this handy reference book is to provide a glossary for key words and to share a working list of resources and guides that inform fix and flip investors as to the best approaches possible, to maximize the profit potential of their rehab projects.The purpose of this glossary is to help avoid misunderstandings in the real estate investment community, and to provide a common understanding of how words are being used in particular circumstances and rehab projects to create a clearer path to financial success.The objective of the book to help fix and flip investors to learn more about their specific segment of the real estate investment industry and to master current and established rehabbing insights, principles and best practices.Sample Definitions: Rehabbing Common MistakesCommon rehabbing mistakes include: not lining up additional funding sources for emergency situations, not accurately calculating After Repair Value based on recent actual sales prices, under-estimating repair costs, over-improving the property for the neighborhood, trying to do everything yourself and extending the holding costs, and not resolving structural issues before proceeding to cosmetic repairs.Source: https: //catalystfdg.com/5-common-house-rehab-mistakes-you-need-to-avoid/WOW Design FeaturesThe one or two key striking or impressive features that make the property stand out. These features create an element of surprise, something that is not expected in the space, and may even temporarily take your breath away. It is something that draws your eye immediately. Inexpensive WOW factors can include finishing touches, such as new nickel brushed faucets, hidden strip lighting or rope lighting under cabinetry, laundry cute, bejeweled drawer pulls, glass-tiled backsplashes, or designer light fixtures. Major WOW factors may include an electric or gas fireplace with quartz facing materials and built-in cabinetry on each side, commercial-grade gas stove, accent feature walls with specialty materials, energy efficient stainless-steel appliances, oversized windows and doors for added natural light, statement lighting fixtures, outdoor kitchen, dedicated pet care room, cathedral or coffered ceilings, smart home technology, etc. Source: https: //www.newhomesource.com/learn/wow-factors-new-home/https: //morettiinteriordesign.com/blog/home-interior-design/how-to-add-a-wow-factor-to-your-home/www.biggerpockets.com/member-blogs/8903/76554-how-to-rehab-or-flip-a-house-the-wow-fact
