In this segment, Alex Deacon discusses how he properly budgets for a flip or rehab project. “The Deacon of Real Estate” explains the importance of taking your ego and emotions out of the equation, how quickly you can estimate a rehab cost, and why it is important to plan for the unexpected. Don’t miss this information filled episode, great for rookies and veterans alike!
Alex Deacon’s Pittsburgh Landlord Group meets this Thursday, March 14th! Come network with other landlords as we continue last month’s conversation: Tenant Screening!
Network with over 650 Real Estate Investors! Join Alex Deacon’s Real Estate Networking Group on MeetUp.com, and be one of the first to receive updates on upcoming events!
In this episode of Real Estate Investing w/ Alex Deacon, “The Deacon of Real Estate” gets straight to the point…knowledge is power! Alex discusses all the necessary items and situations you should budget for to ensure a maximum ROI!
Don’t miss Alex’s most requested Workshop of the year! We’re bringing in special guest speaker Josh Caldwell for this event! RSVP by clicking the box below!
How to find and analyze my next RE Investment
Saturday, Oct 13, 2018, 10:00 AM
Hampton Inn Bridgeville 150 Old Pond Rd Bridgeville, pa
9 Members Attending
This is our most widely asked for workshop. We do this a few times a year and it will contain the steps you can take right now with very little experience. You can implement these steps and start using them in your day to day investment journey. We will discuss and hit on a few very important ideas on how to do the following 1. Where to look for …
Upgrades to a kitchen can make any house or property feel more cozy or posh (yes, I went there), while greatly improving the value. The biggest misconception is these improvements come with a hefty price tag. With a little hard work and elbow grease, a kitchen can be renovated beautifully without breaking the bank. Check out some popular ideas below!
Paint The Fridge Oftentimes, the most obvious of solutions go right over our heads. Repainting the refrigerator can modernize any kitchen, pull color-schemes together, and really make your kitchen pop. In fact, most appliances can be repainted. Just make sure to ensure you’re using the correct paint, as you’ll be looking for specialized appliance paint! There’s also a fun factor involved. If you have kids, imagine turning your refrigerator into a giant chalkboard! Find out howHERE!
Refinish Kitchen Cabinets This means either sanding them down and re-staining them, or just painting them in a semigloss or glossy latex paint. For a bold change, ditch the white and try a pale blue, coral red, or even glossy black for a modern look. All you need is sandpaper, paint, and equal parts elbow grease and patience!
Buy Under Cabinet Lighting As you can see, lighting can really make or break a kitchen. Consider lighting you can attach under the cabinets. Department stores are now selling inexpensive under cabinet lighting that utilizes wall outlets, and in most places, you can find energy efficient LEDs. Again, a very affordable way to modernize your kitchen.
Add A Kitchen Lamp For a cost far less than permanent track lighting, add a flea market find. A pop-bright colored table lamp, a hanging kitchen chandelier, etc. You’d be amazed how this simple addition can change the whole look and vibe of the entire room while giving another personal touch to your kitchen.
Replace The Countertop/Sink Not all countertops are made or cost the same, but there are affordable options if you are willing to put in a little work. It should be noted that replacing a countertop isn’t likely to add value to your house other than pleasing aesthetics, but we all enjoy customization, don’t we? These days, you can find a quality stainless steel or acrylic sink for around $100!
Remember…home renovations are not for everybody! Please use caution and avoid projects you are uncomfortable with!
JOIN ALEX DEACON’S REAL ESTATE NETWORKING GROUP ON MEETUP.COM!
Alex Deacon Real Estate Networking Workshops
Carnegie, PA 463Members
Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …
We are essentially going to tour a bunch of projects and go through pictures of each room and discuss what should be repaired, how it should be repaired, what products to use, the costs of each phase and keeping it all together with your contractor. This will help you in future projects to keep you on time and on budget.
Feel free to invite others! We have seating for up to 60. I know summer has finally arrived and we are all itching to get out and enjoy ourselves, but this is only a two hour event. This event alone may save you hundreds of hours and thousands of dollars a year so please try to attend!
We have two guest speakers one who specializes in the insurance industry which is a critical part of rehab and property ownership and our other guest speaker runs a construction company with over 100 employees and has helped hundreds of investors.
RSVP TO THIS FREE EVENT BELOW!
Where to spend your construction dollars, staying on budget and on time
Saturday, Jun 9, 2018, 10:00 AM
Hampton Inn Bridgeville 150 Old Pond Rd Bridgeville, pa
18 Members Attending
I get asked at every workshop to do another bus tour. The hurdle of that is finding the time. Plus we can only handle about 20 people per tour to do it right and I end up turning down a dozen or more. I thought that this month we will tour a bunch of my projects and use technology and do it in a nice climate controlled facility. We will tour each r…
Tired of your home looking off-trend and out of touch? Or investing in an older home and want to update it? You don’t need deep pockets to do either. In fact, upgrading your home can be quite affordable with the right projects.
Here are five ways to make a big impact without spending a lot:
Paint trends come and go, so if your walls are still the same color or have the same wallpaper from 1950, they’re likely out of date. Consider giving the walls a new look with a more modern tone.
CHANGE LIGHT FIXTURES
It’s time to kick out-of-style light fixtures to the curb. Pendant lighting, Edison bulbs and simple recessed lighting are what’s hot with today’s designers and buyers.
UPDATE YOUR HARDWARE
You’d be surprised at how easily doorknobs, drawer pulls, locks and handles can start to look aged. Take a good look at your existing hardware, and consider upgrading to newer models. And don’t forget the hinges.
REFACE YOUR APPLIANCES
Have an old, yellowing appliance but don’t want to replace what’s not broken? Just use peel-and-stick stainless steel or marble contact paper, and reface those appliances instantly.
INSTALL A KICKPLATE
If you want to upgrade your curb appeal but can’t afford a new door, consider installing a kickplate. It’s an instant, affordable way to add visual appeal to any existing entryway.
Although we’re getting a slight break in the latest Steel City cold spell, winter has been in full force…which means you’re likely to be spending a lot more time indoors!
The first few months of the year are a great time to tackle some simple projects around the house that can increase your comfort, cut energy costs, and improve your family’s health. Many of the items on the following home improvement checklist are easy DIY tasks, so you can save even more money.
HEALTH & SAFETY:
– Upgrade your smoke and carbon monoxide detectors.
With the house closed up and the furnace and fireplaces going, it’s essential to have working smoke and CO detectors. For around $40, you can get a combination unit that contains both types of sensors. Better still is an interconnected system, which sets off all the alarms in the house when any single unit detects a hazardous condition.
– Change the furnace filter.
Most filters should be replaced every couple of months, an easy DIY task. A simple flat filter is pretty inexpensive at a home center, but it’s worth upgrading to a high-efficiency pleated filter which has increased surface area to trap mold spores, pet dander, and other allergens.
– Vacuum out dryer and kitchen vents.
Now that the rush of holiday-season cooking and cleaning is over, take a look at your dryer and kitchen vents. Removing built-up lint and grease cuts down on fire risk and keeps those systems running more efficiently, which reduces energy costs. It’s a job for a pro, who has the equipment to access hard-to-reach ducts. Expect to pay around $100 to $150.
REPAIR & MAINTENANCE:
– Take care of the little things.
Like contractors, handymen also tend to be less busy in the new year. A cost-effective strategy is to gang together small projects (dripping faucets, cracked plaster, paint touch-ups), and hire someone to do them all at once.
– Beef up insulation.
Adding fiberglass to your attic is one of the highest-value home projects, with a return on investment of 117%, per Remodeling magazine (average job cost: $1,268). Sealing air leaks into the attic can save you big, on both energy (up to 15% of your total annual bill) and potential repairs. In cold climates, poorly insulated attics are a chief cause of ice dams, which often lead to expensive roof damage.
– Install smart meters.
A programmable thermostat will pay for itself, saving about $180 a year in energy costs, according to Energy Star. A smart water meter can help conserve water and alert you to leaking or burst pipes.
– Retrofit fireplace doors.
An open firebox is notoriously inefficient, sucking warm air right up the flue. Adding glass doors doesn’t detract from the look, while making the fireplace much more effective at radiating heat. Although this should be common sense, doors are also a fantastic safety feature, keeping kids and pets from getting too close to that pretty flame. 😉