|
There are 3 main considerations in determining if you are going to be making money on a real estate transaction:
- Purchase price
- Renovation price
- Selling price or appraised value to set rental income
There are other factors like holding costs, tax abatements, and financing costs. I will not be addressing those; see my links section for more information.
Hiring professionals like us will help you obtain a greater profit.
You're not in this to lose money are you? Well, then let us help you with your renovation budget. We have years of experience that can get the estimates as close as possible. If you want the deluxe cost breakdown, I will personally get price estimates from most of the contractors that will be involved in this project to give you peace of mind.
|
