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Tips to save money while renovating house

I am renovating my house which was built in 2000. I am planning to turn it into a homestay and I'm trying to cut corners as much as I can without tampering the quality. I have hired a contractor but I usually buy the raw materials myself. If anyone who has built/ renovated a house before can give me some tips on how to save some money as its my first experience and I don't want to spent much of my dads money. submitted by /u/Interesting_Run_4569 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vuehhs/tips_to_save_money_while_renovating_house/
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Those who bought a house that made them house poor, how’s it going? Would you do it again?

Buying would leave me with about $100 a month after the mortgage and living expenses. Rent here is brutal too though. One of the places I’m looking at is in a student area, so I’d probably rent out a bedroom to ease the load. Not really asking whether I should do it, mostly curious how people who did make this choice justified it to themselves at the time. submitted by /u/reconcilepast [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vty3vl/those_who_bought_a_house_that_made_them_house/

Bathroom remodel before listing or let the next owner decide?

We're planning to list our house in Clearwater early next spring, but we're debating whether to update the primary bathroom first. It's dated but everything works. For anyone who's sold recently, did remodeling beforehand actually pay off or would you have listed it as-is? submitted by /u/SammuelNash [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vtudxy/bathroom_remodel_before_listing_or_let_the_next/

Real Estate Agents - part time?

I have this crazy idea at the age of 55 to become a real estate agent. I only want to do it part time while keeping my full time, salary earning job. Is that feasible? Are any of you doing this part time as a side hustle? Is that doable? Also, if you don't mind, are you brining in good money doing it part time? submitted by /u/Representative-Mean [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vtr39v/real_estate_agents_part_time/

EDDM MAILERS - Yea or Nay?

In a bit of a heated debate with my business partner over this. Wes spent quite a bit of money on EDDM mailers to a farm of roughly two thousand homes that we’re trying to break into (probably about ten mailers over a six month period costing ~15 grand) and it did not generate any additional business. We were splitting costs and I finally said we have to pull the plug because I’m not seeing any benefit for the huge capital outlay. My partner thinks if we stop now we’re wasting the money we’ve already spent but to me that sounds like a “sunk cost fallacy”. Curious to hear other’s thoughts on A) whether mailers have worked for them and B) if I should continue out laying ~$700 / mo. to send them to our sphere and new farm. TIA! submitted by /u/mikemitch38 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vtoias/eddm_mailers_yea_or_nay/

A question for agents real property sale history

I have noticed this in the past but a lot more so recently. My visibility into the MLS is via Redfin mostly. I have noticed, in the two states where I've lived recently, that properties are often pulled and then relisted. In these cases, if you look at the history section the previous listing is no longer mentioned. The one I noted just now, the listing that has been up for months is not visible yet a previous listing from 10 years ago shows as pulled. How are these listings being reset as new listings? submitted by /u/Balmerhippie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vt1axd/a_question_for_agents_real_property_sale_history/

how do people manage renting out their property that are in diff country?

when i visit SEA, i always heard about apartment building or houses rented out but the owner is somewhere in china or US. i have a fully paid off house in us, but my family is in asia and i plan to return there in the next few years. selling this house could prob net me 500-600k in the current market but that feels like a shortsighted decision. ive been renting it out for airbnb and its been quite successful, but can i continue that when i moved back to asia? how do those real estate bosses manage properties in diff countrries? i assume employees or a rental property management company. but how do they make sure they dont get cheated on by the management? submitted by /u/blade276 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vsw6op/how_do_people_manage_renting_out_their_property/

Do you take breaks after just missing out on a really good home?

My fiancĂ©e and I have been looking for our first home for a little over a year now and I think we have both finally reached our limit of burnout. We bounced around open houses before finally getting an agent and lender and getting serious. For awhile we were figuring out what our range and must haves were and while tiring, we kept at it. Finally we found a house that was within our range in a really good area and for the first time, felt we had a serious shot at it. We made our first offer which was both exciting and down right terrifying, but really felt good about it. Sure enough, we were just outbid from our comfortable max range and left with nothing after all that emotional energy was put in. I know this happens all the time and we’re far from unique, but it feels we both need a reset. Main question is how often do you takes breaks to balance avoiding burnout, but also not often enough that you miss another opportunity. I’m not sure how long it’ll take as this is all a big first,...

How much time at a vacation/second home justifies keeping it?

We have a house on the East Coast that we try to spend a good amount of the summer at. Our primary residence is in LA, CA so the second home is not somewhere we’re back and forth to throughout the year, it’s basically just a summer home. This year we were there 7 weeks, last year it was closer to 2 months. We don’t rent it out, but we have family/friends who will pop in and stay there sometimes. We also have a property manager who keeps up the place while we aren’t there. It’s hard to justify only using the home <2 months out of the year, but when we are there, it’s a very special place to our family. My parents also live out there during the summer so my kids get to be around their grandparents more than usual. We’re not opposed to renting it out just scared of people being disrespectful, damaging, stealing, etc. submitted by /u/PassionChoice3538 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vryvnr/how_much_time_at_a_vacationsecond...

Concerns about agent

Am currently selling a house in the country. There have been price reductions, and now sits within the county assessed value and zillow estimate. The market in my area has been slow. Its vacant, and does need some things, Currently at just under $400, had accepted an offer of $10k less. After inspections the counteroffer was $105k less than that. It has a new roof, structurally sound. Does need updates. What concerns me is that the offer was from another agent in the brokerage I'm using. (specific no dual agency on contract) There was language included in the offer disparaging the property. It seems so off base I'm surprised it was even written up. It seems a bit shady. But I'm not familiar with the process, so am hoping for some guidance. Thanks for the time to read. submitted by /u/butchdog [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vrnrnd/concerns_about_agent/