When you are first starting out with investing in houses, you should always look for ugly or bad houses that need a lot of work. These homes are much cheaper to purchase, although they will take some work to improve. You should start out by looking for houses that need some work, such as clean up, painting, and in some cases new carpet. You don’t want to buy something too run down, as it could cost a fortune to repair.
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If you think of yourself as a handyman and feel that you can do the repairs yourself, you can save a lot of money. On the other hand, if you need to hire someone, you should always make sure that the individual or company that you hire is qualified to do the repairs. If you aren’t comfortable with doing any of the repairs, you should inquire about a subcontractor or company that will do it for a reasonable price, or perhaps a share of the money once you have resold the house.
If the house you are thinking to purchase and resell has any type of structural problems, you should always get an estimate from a reliable contractor before you make the purchase. If you decide to stay in the business, you’ll learn a lot more over the years, although you should always hire a contractor when you first start out. Once you get all of the estimates together, you can make that final decision on how much of an offer you want to put down on the property.
After you have a team together and successfully renovated and resold several homes, you’ll begin to feel quite a bit more confident with buying homes that need repairs. All it takes is time and practice - and you’ll be buying homes that the average investor wouldn’t think twice about. This can be a huge advantage when you are looking for homes to buy and resell, as there will be less competition to worry about. You’ll also be able to get a lower price when buying the home, simply because you can use the cost of the repairs to your advantage.
Once you are able to do repairs on homes, including structural problems, you’ll have a huge advantage in the market. You’ll be able to buy virtually any home, including those that other investors choose to ignore. Doing so can be very profitable for you, especially if the house is in a well known and well desired neighborhood. After you have done the repairs, you can resell the home for a much higher price than you paid to acquire the home.
When you start looking for houses that you can repair and resale, you should always take your time and buy the right homes. You won’t have the money, time, experience, or support to buy the bigger houses at first, which means you won’t have any room for mistakes. Once you have purchased and resold a few smaller homes, you’ll eventually be able to work your way up to the bigger homes - which is where the big profits will come into play.
Always keep in mind that when you first start out, you’ll need to take things slow. You can expect profits to come overnight, as it will take you some time to learn. Once you have been at it a few years and have several houses to your credit, you’ll be ready to tackle anything. At that point - you’ll make a lot of money in a career that is truly exciting.
Properties in Arlington
Open House Saturday May 11th from 1-3PM*************** Relax from the stresses of this hectic world with days and evenings full of beautiful views ,sunsets, and great spaces for entertaining elegantly or just living comfortably.
***This 4 BEDROOM 3 .5 BATH LUXURY DUPLEX PENTHOUSE has an ENORMOUS BALCONY and beautiful GOURMET kitchen ***And this condo gives you choices, You could also enjoy the outdoors from the smaller ENCLOSED balcony .which is on the lower level. (1st floor)**On that first floor we boast 2 ensuite bedrooms and the Library/small bedroom, the enclosed balcony and a laundry area .(LAUNDRY #1)***And UPSTAIRS, - The Divine Living Spaces, where you can access the balcony from 3 different sets of doors . ** Just around the corner from the living room , out of site are the Large Capacity WASHER AND DRYER ,(which gives this condo IT'S 2nd LAUNDRY AREA,), .The half bath is also just around the corner from the living room area. ****Down the open hallway is the entrance to the Dining Room, there you will find two very elegant wood and glass enclosed cabinets one for wine storage and just opposite that another glass enclosed cabinet that can be used as a showcase .** *This upscale kitchen has a VIKING stove , and even a GROHE faucet as well as excellent , chic, cabinets , shelves and drawers for innovative storage solutions.***Please note , thebuilt-in capuccino machine conveys as is!****The 2nd floor(top floor) also has a BONUS ENSUITE BEDROOM .****
**In addition to this building being conveniently located above the Ballston Metro ,There are 2 GARAGE PARKING spaces on the G4 level that convey . Also there is an EXTRA STORAGE BIN on the 8th floor- But with all of the wonderful closet space in the unit , You might not even need it.****The unit is currently being occupied by wonderful tenants who will be there til the end of May.*** [Alta Vista Condo - $1,135,000]
Yes, you can have it all - Newer home, location and this home offers one of the largest and most impressive floor plans - 3 bedrooms, 2.
5 bathrooms, approx 400 sq ft rooftop terrace - complete with TV and speakers, , 1-car garage, and a driveway for parking. For work from home, floor plan has so much additional space on separate levels that you can use it with privacy. Welcome to your new home - Introducing the epitome of opulence and sophistication: a luxurious townhome style home nestled in the highly sought-after neighborhood in the heart of Arlington. It boasts an unbeatable location near prominent landmarks such as the Pentagon, Amazon HQ2, DCA, Arlington Downtown, and major transportation routes, including 395, Route 66, Route 50, and George Washington Parkway. Easy access to Georgetown and the Capital Region Recreation make this neighborhood even more desirable.
Built by the award-winning builder, Craftmark Homes, Carver Place stands as a testament to exquisite craftsmanship and quality. The popular front elevation features stunning stone and brick exteriors complemented by hardy planks, creating a captivating aesthetic. Inside, the fully open-concept floor plan is accentuated by soaring 9-foot ceilings across all living levels, creating a spacious and airy atmosphere. Living room has 7.1 surround sound system with in -ceiling speakers
The expansive chef's kitchen is a culinary haven, equipped with top-of-the-line stainless steel appliances, sleek quartz countertops, and custom 42" cabinetry. It ensures an exceptional culinary experience for even the most discerning epicureans.
The owner's suite bath feature seamless cultured marble sinks, 12 by 24 Pietra Carrara floor tile, a walk-in shower with a marble shower pan and ceramic seat, a raised height marble vanity, dual vanity sinks, and a solid white cultured marble vanity top.
In line with its commitment to sustainability, this townhome includes energy-saving features such as tilt-out single-hung low e/argon vinyl windows, a high-efficiency gas furnace with electric A/C, a RINNAI tankless hot water heater (gas), R-21 insulation for exterior walls (2x6 construction), and spray foam insulation on band boards. Additionally, it offers a Zwave connected smart home system, allowing seamless control of the doorbell, cameras, lights, HVAC, garage door, and security system through a single app management from alarm dot com.
With its remarkable location, modern urban lifestyle, expansive floor plan, and luxurious finishes, this home is truly deserving of those seeking the epitome of luxury in Arlington. [Carver Place - $940,000]
Welcome home! You will love this updated townhouse located in iconic Arlington Village.
This desirable 2 level townhome has been tastefully updated, includes a washer/dryer, spacious living room, large bedroom with two closets, updated bath and wood floors throughout. Also includes a charming private deck backing to a grassy common area great for entertaining and grilling.
This is the best building in AV because its quiet and there are no buildings directly behind this unit which allows for quiet time on the deck.
Located near an abundance of amenities, walk to grocery, favorite restaurants and shops. There are walking trails throughout the community, pool and tennis courts to stay active and meet the neighbors.
An additional parking lot is also available behind the townhouse. Townhouse has been cleaned, freshly painted and is move in ready. Open Sunday 1-3 pm. [Arlington Village - $350,000]
LOCATION, LOCATION, LOCATION - The Heatherlea Community offers city living at its finest.
Across the street from Four Mile Run and located minutes to The Village at Shirlington, this condo is in a sought-after community. Light and Bright TOP FLOOR condo is a spacious one bedroom/one bath with a large walk-in closet. The main living space offers vaulted ceilings, a wood burning fireplace, and a beautiful large balcony overlooking the manicured grounds. If you're looking for a location close to everything Shirlington has to offer - then this condo in the Heatherlea Community is for you. Shirlington has some of the best restaurants and bars, along with a movie theater, Harris Teeter grocery store, and quaint shops. [Heatherlea - $325,000]
Stuart Nesbitt is a Realtor® licensed in the Commonwealth of Virginia. His office is located in Fairfax County near the City of Alexandria in Belle Haven. He was born and raised in Northern Virginia and attended Fairfax County schools. Call him at any time to discuss your real estate needs.
