The fix-and-sell investment strategy is as popular as ever thanks to exposure on cable television—both as TV series and late-night advertorials. Forsyth County GA fixer-upper properties offer first-timers a straightforward way to test the real estate investment waters. The simplicity of the strategy is appealing—but as presented in 30-minute chunks, a bit over-simplified.
Not long ago, Forbes magazine posted a relevant commentary aimed at informing new real estate investors of some basic stages common to just about every Forsyth County GA fixer-upper project. It amounts to a 5-part master checklist for fixer-upper project management:
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Inspecting: Spotting and detailing problems is the first order of business. Forbes gives a rundown of the major areas of concern—but a more detailed listing is available by reading any professional inspection report.
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Work Load: Whether you engage a contractor to oversee the rehab or decide to hire the sub-contractors yourself, locating reliable Forsyth County GA personnel is key.
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Scoping: Formulating a detailed SOW (Scope of Work) comes next. It should detail the objectives (and limits) of fixer-upper activity—important ingredients for assuring the precision of bid proposals.
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Bureaucracy wrangling: Obtaining building permits, insurance indemnification, and keeping ahead of all the varied governmental and legal paperwork prevents fines and penalties (or the worst case: having to tear down renovations already proceeding).
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Time is Money: Whether you are relying on a contractor or doing the work yourself, keeping tabs on the progress of the Forsyth fixer-upper needs to be a continual, hands-on activity.
First-timers can’t be expected to anticipate every potential time-consuming setback that fix-and-sell projects sometimes encounter, but with mortgage interest rates near historic lows, the expense associated with the time factor is less of a profit-killer. That makes today’s market an unusually inviting one for first-timers ready to wade into the opportunity.
For a look at some of today’s intriguing Forsyth County GA fixer-upper candidates, give me a call!
This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY HomeServices Georgia Properties.
I specialize in Real Estate sales in the following Forsyth County and North Fulton County cities: Cumming, Suwanee, Alpharetta, Milton and Johns Creek. Other north metro-Atlanta suburbs are serviced by request, so please call.
Gayle Barton Forsyth County Real Estate | Cumming GA Real Estate | Mountain Crest Homes For Sale
Gayle Barton Cumming GA Real Estate | Forsyth County Real Estate
You don’t have to convince local homeowners about the wisdom of owning your own Cumming GA house—but for a while a couple of years ago, that wasn’t universally agreed upon. There was a while there where financial analysts were pointing to the costs of maintenance, interest on mortgage payments, relatively low rental rates, and a bundle of other factors in an argument against owning your own house.
When most people set about finding their next home, their attention is occupied by how well the listed properties fulfill the family’s immediate housing needs. These include not only the state of the physical structure, but everything else—including well-nigh unclassifiable elements like style and taste and just how the place feels.
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Here’s an idea from one homeowner who’s just completed a complicated exit from a sizeable house to a smaller property. It’s a last-minute strategy that could be helpful for Forsyth County GA readers who are planning a similar downsizing move.
According to 
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My clients needs are my number one priority and putting them first is how I distinguish myself from other agents in my area. 
