My Love for Staging Real Estate Flips – Maor Buchnick – Entrepreneur of the Week – Post 5+6
My Love for Staging Real Estate Flips – Maor Buchnick – Entrepreneur of the Week – Post 5+6
#EntrepreneuroftheWeek #RealEstate #Flips #BuyAndHold #BRRRR #Mortgage #Investors #RiskManagement #NewConstruction
So you already understand that I made a lot of houses for rent and also dealt a lot with flips, but what I have not yet revealed to you is that between renovations I have discovered that I am in love with the interior design part.
I spent many hours thinking about each house, what it would look like, what wall we would break, what we would leave, color combinations, cladding, flooring, faucets, sinks, lighting, and more and more.
In most cases I would also do staging and work closely with her.
In short this interior design is a fee.
I always knew that, already I changed the design of my room in my parents’ house every year.
And over the years, and in parallel with what I do, I studied interior design and used my abilities in both my properties in the United States and in Israel.
And to my great joy, today I am realizing my love in parallel with real estate transactions, also working as an interior designer
You recorded the track – a tax lawyer, a real estate agent in the United States and an interior designer.
I am in favor of diversity in life
And for our sake,
People, all over the world, love beautiful things, it’s an inherent part of our world, especially today in the Instagram world that everything must look good, both us, and our homes.
So, especially today, interior design plays an important part in our investment, and you will also be amazed at our profits.
Although we’ll have to spend a little more to design, in the end, it will pay off.
I can tell you that designed flips can also be made in Israel, of course you have to be precise with the numbers and also take the tax / praise tax in Israel into account. But even here, in the country “I am not a sucker” are willing to pay much more for a designed house.
And yes, I did flips in Israel too! I took properties in sought-after neighborhoods in the center of the country, broken and boring properties with a sea of potential and through renovation and interior design I improved and sold at a nice profit.
There is one important thing common to flips anywhere in the world, and that is – know your target audience.
Because in renovations you can disperse and spend a lot of unnecessary money.
So why should you pay attention before…
First, one has to look at the houses in the area and check what level of renovation and finishes the home buyers are looking for in this area. Do you like carpets or wood floors more in the area? Is it customary to have a name in the kitchen, a common kitchen color, and so on.
Usually, of course, the higher the price level in the case of Area A, the greater the demand for higher-quality finishes, and vice versa.
If it is a rental property, what can be left, is preserved, and not in a hurry to replace old systems, if they work. The design will be more minimalist, with an emphasis on functionality and durability.
So where do you find the finishing materials?
I hear a lot about investors trusting the contractor to bring them all the materials. That is, the contractor’s quote also includes the materials. The so-called key contractor.
It is indeed very convenient to work in this way, for the Israeli investors who are not there most of the time in the field, and saves a lot of fuss.
But I claim this is a mistake.
After all, the contractor, what is his purpose? To earn, he will buy you the cheapest finishing materials, and he does not care if a yellow brown floor for the kitchen is out of fashion if there is currently a sale on it and he will profit from the savings.
Today when all the stores are online, what is the problem with ordering all the materials from Home Depot, Laos, Amazon, Target and more and more, and ordering delivery directly to your home.
Continue reading on our site:
https://en.www.forumnadlanusa.com/2021/08/new-love-maor-stav-buchnick/
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