Recently, we discussed whether or not restoring or renovating a property is difficult. And as we reviewed the possibilities, I hope that you’ve been getting the sense that with each challenge, comes an opportunity. Plus, with some planning and foresight, your rehab can go much more smoothly!

When it comes to investment properties, I can attest that the right rehab might be well worth it. After all, I’ve personally acquired and rehabbed more than 350 properties in the course of my investing career. And whether you’re a new investor or a longtime real estate agent, we’re looking at 3 more challenges and opportunities that await you when you choose to restore a property for even more value.

Challenge: No one can predict what the future holds

In our last article, we saw how a rehab of an investment property might not always go as planned. And this is why learning patience and flexibility, along with having a sound plan, can go a long way. At the same time, it’s important to remember that no one can predict the future as a whole. When you understand this fact, you can better account for the risks and the rewards in your planning.

Opportunity: You can connect with an experienced investor who has a tested model

To help you on this journey there are many tools and models that you can use to manage those risks and rewards. After personally buying and selling over 350 investment properties, I’ve learned the power these can have, as well as the importance of having a real estate mentor, so you can avoid the pitfalls that many new investors encounter.

Challenge: A property renovation can be a big undertaking

Bottom-line: is renovating a property for investment a challenge? Sure, it can be. And of course, some properties are easier than others. It’s important to recognize this reality. But if it was so easy that anyone could do it, would you expect there to be much reward in it?

Opportunity: You get to enjoy the rewards

On that note, let’s talk about the rewards. This is where there’s a huge opportunity. Because many new investors and real estate agents forget to plan, manage, and reach their goals, they might not get to enjoy those rewards. However, when you put a well-considered plan into action, the rewards can be in the millions, literally!

Challenge: Navigating the world of permits, taxes, and more

How many people do you know that like to talk about permits? Or taxes? And that’s only the start. When you rehab a house for investment value, you’re talking about many different skills and areas of knowledge. This can be a challenge for many.

Opportunity: Developing your skill and knowing who you can trust

But the story is so much bigger here. Sure, knowing all those factors can be a challenge. However, the opportunity is that you get to grow deeper in your own skills while developing a network of trusted professionals that are with you every step of the way.

Over the course of my real estate investment career, I’ve bought and sold countless properties. Curious if you can renovate a property for a substantive return? Shoot me an email and let’s talk!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post 3 More Challenges and Opportunities When Renovating a Property appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

You might have thought once or twice about restoring or renovating a property, whether you’re a new investor or a longtime real estate agent. After all, as home prices continue to gain extraordinary value in areas throughout the country, more people are asking what it takes to renovate.

And after decades in the business, buying and selling countless properties, I can say without question that renovating can be worth it. And I don’t just mean in the investment aspect, though there’s that too. After winning awards for my renovations, I can say that there’s also a certain amount of accomplishment and pride in it all, especially when you see the home go to someone who will love it.

But let’s take a look today at the challenges and rewards of renovating a property for investment value.

Challenge: Every property is different

If you’ve checked out a few properties, you’re probably already getting a sense that every single one of them is different. And when you think about real estate, the possibilities really are endless… but so are the choices and what you need to know. When you set out to renovate a property, this can be a big challenge.

Opportunity: You can make your renovation property stand out

Research the history of the home, the area, and the architectural style. Check up on the latest trends and imagine how you might incorporate them into this property. While some people are overwhelmed by the sheer number of possibilities, when you harness them, you can truly make your property shine.

Challenge: A restore or renovation of a property requires many skills

Plumbing, landscaping, decorating, knowledge of tax advantages, and more. I could make a list a mile long of all the skills I’ve had to be familiar with in the course of my career renovating properties. It certainly makes you appreciate just how complex something as simple as a house can be!

Opportunity: You can develop your network

But you don’t have to do it all yourself. In fact, I recommend getting a team! You’ll want to connect with vendors you can trust, and once you have, the potential is huge. Through my career, I’ve amassed a deep network of professionals from Minnesota to Florida. And every one of them has helped build my vision of property renovation.

Challenge: It doesn’t always go as planned

You might have seen a TV show or two where even semi-experienced property investors get caught in a renovation. Because of what we’ve seen above, you can imagine that there will be a few curveballs thrown your way on occasion. This can be a remarkable challenge for almost anyone.

Opportunity: Use your patience and flexibility, but have multiple exit plans

My model for real estate investment has been founded on flexibility and being able to adapt. Whenever those curveballs come my way, I’m ready to pivot and make the necessary decisions to preserve my initial investment. What does that look like?

I am thankful that during my career I’ve had great success harnessing my model to renovate properties. Wondering how you can overcome the challenges of renovating a property for investment? Let’s talk!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post How Difficult is It to Restore or Renovate a Property? appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Recently, you’ve been part of our journey exploring the potential of properties across the country. With sites like Houzz and others, it’s never been easier to see rehab projects that are really impressive. And as a real estate agent and investor of many years, I love to browse the possibilities online. There’s some amazing homes out there!

So, with that in mind, we’re going to take a look at 2 more rehabs today. Each one unlocks the potential of these properties in an attractive way that’s sure to catch your eye. These properties are perfect for getting ideas for your current property or even your next dream home!

A Classic Property Updated and Refreshed

If you’re not familiar with the American Foursquare style, it’s defined by more square, generous porches, and 4 large rooms per floor. Popular in the early 1900s, it’s a historic look that doesn’t get enough attention. And for this rehab, the designers have elevated this Boston home to something magical. But don’t take my word for it, just check out the photos at the link above!

The difference between the before and after shots is very telling. What was once a home with a drab feel to it has been completely changed. By lightening many of the elements in the home, most notably the paint outside, the heaviness has been lifted and everything feels fresh. With a few farmhouse touches throughout, this property has merged classic and contemporary in a wonderful way.

By shifting away from the dark blue outside, the owners were also able to add those subtle touches that I love. One such example is the light blue door that frames the entryway. But the lighting above the dining room is the real magic touch for this one that won a Best of Boston Home award!

A True Beverly Hills Makeover

For our next rehab before and after, look no further than Beverly Hills. Real Estate here is fairly well-known throughout the country, at least in part. And with this rehab, we can see another example of how drab and old, even in a place like Beverly Hills, transforms into amazing.

One of the factors that I enjoy about this makeover is how the designer differentiated the rooms in a complementary way. Doing this isn’t always easy, but when you look at the photos, you can tell a lot of thought must have gone into the look. There’s a warm balance throughout the home, but in a way that gives each room its own experience. In some cases, you can see how a mere change of color on the walls can make all the difference for characterizing a room. Love it!

As an experienced real estate agent, I’ve rehabbed countless properties, including an award-winning Frank Lloyd Wright home. Have a question or two about your rehab? I’d be happy to chat!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Finding Property Potential Across the Country: 2 More Houzz Rehabs appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Recently, we saw how home security doesn’t have to be an expensive ordeal. In fact, there are numerous cost-effective solutions that can give you peace of mind. And this is true no matter what part of the country you live in.

While Southwest Florida remains a relatively safe and affordable place to live (with tons of amenities too), you can never be too careful. So, I like to recommend these items that can bring that added security to any home. And this week, we have even more choices that won’t break the bank!

Window alarms

This item is incredibly low cost and can cover an access point that many people forget about. By placing a small device on the windows, you now have the ability to be alerted if it’s broken on the other end of the house.

Doorbell camera

This one has been gaining in popularity in recent years. With a doorbell camera, you can see and sometimes even interact with, the person on the other outside before you choose to open the door.

Door peephole

If a doorbell camera isn’t your thing, at the very least, grab a door peephole if you don’t already have one. Not everyone is aware that you can install one yourself fairly easily, and they’re very cost-effective!

Upgraded locks

Speaking of doors, I also like to recommend upgrading your deadbolt. You might already have one installed, but not all deadbolts are the same. By spending a few more dollars, you can get one that’s a bit better… which brings us to our next item…

Deadbolt re-enforcement

On the subject of deadbolts, security experts will tell you… a door with a deadbolt is still trivially easy to kick in. By adding thicker screws and a better plate, both of which are cheap, you can make it somewhat more difficult to kick in on the first kick. You definitely don’t want to go overboard, but a minor upgrade is a good idea.

Motion sensor lights

I also like to add motion activated lights around my own property. These are decently priced and can light up your entire backyard in some cases. While an occasionally windy night might trip them, you still have peace of mind for many nights out of the year.

Garage door alarm

We saw in our last article on home security how a garage door lock is a great idea. But you can also add an alarm too! This way, if the door is somehow opened at night or while you’re away, you and your neighbors will be alerted.

A secure, fire safe

You might not think of this item as a home security item at first, but in reality, it is one. Although a small safe isn’t going to stop someone from carrying it off, keeping your documents secure during a fire is one aspect of home security many people forget about.

As a Realtor, I don’t limit myself to just knowing about home prices and mortgages. In fact, I want to be your resource for everything related to real estate. Have a question? I’d be happy to help!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post More Cost-effective Security for Your Home appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Whether you’re in the process of buying your next home or you’re already a homeowner, you’ve probably considered a big topic… and that’s a property’s potential. This is especially true if you’re in the market for a rehab that you want to turn into a great investment.

After decades of experience rehabbing properties, including an award-winning Frank Lloyd Wright home, I’ve learned the power of one easy technique. What could be so helpful in bringing out the best in any property? Browsing other homes.

Now, as a Southwest Florida Realtor, I get to tour countless homes during my month. But with the Internet, you have the power to get ideas too, and we’re doing exactly that today!

Distinctly Modern and Completely Inviting

Last time, we saw a property with an attractive Mid-Century Modern look, but this rehab is something else. In addition to being bright and open, it also has a distinctive warmth to it that is truly touching. While a splash of color on your walls might bring out the best in your rehab, this property went a slightly different direction. By going with white, including a white ceiling, the hardwood flooring becomes the centerpiece. In a way, the subtle lines of the wood ceiling also enhance this feeling as it captures the Mid-Century Modern look. Still, I love the touch of the seashore in some of the pictures.

Now, it would be nice to see the before and after shots, but with a property like this, a great deal of the rehab is magnifying what’s already there even more. This is often true with historic or semi-historic homes that don’t need heavy-duty restoration. Finally, the outdoor area adds the finishing touches to a property that is very handsome.

A Colonial Revival Takes it to the Next Level

If you enjoyed browsing our first property, you’re going to really fall in love with this one and I sure you’ll see how the property is a design inspiration. In fact, for this rehab, there are many similar elements as our previous one, but with a totally different feel! Yet, the home is so warm and inviting, with a clean, refreshing look that I can’t get over. But there are a few elements that I simply must point out.

First, the historic blue they’ve chosen is attractive for this property, and I see a few modern-ish looking pieces slipped in throughout. The furniture feels like it’s pulling things together in a way that doesn’t offset the home’s 1800s history. But those doors! You could almost miss them if you look too quickly, but the craftsman style and the barndoor style are lovely. Then, once you consider the brick, the hardwood floors, the wonderful railing of the staircase… well, you can probably see why I chose it for this article.

Are you considering a Southwest Florida property for rehab, but have a few questions? I’d love to help, simply shoot me an email!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post 2 More Houzz Rehabs to Unlock Your Home’s Potential appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Recently, we’ve been taking a look at how properties with potential can go from drab to dazzling in the blink of an eye. As a long-time real estate investor, I love to tackle a rehab that brings added value to a property and makes it look incredible. There’s simply nothing that compares.

At the same time, if you’re new to the investing or rehab game, you might be wondering what the rules really are. Ultimately, every single property is slightly different, but over the decades, I’ve learned several guidelines that are flexible enough to apply across the board. And today, we’re going to take a look at them, so you can become a pro yourself.

Utilize your attention to detail

From the moment you step into your potential rehab, you should start noting the details. And depending on your property, we may be talking about going beyond a quick paint job or new carpet. The reality is that you want to update the home in ways the compliment that specific property.

Research the area properties

When you’re rehabbing a property, before you buy, you should be looking at the comps in that area. Next, I also recommend getting a sense of what may be trending as well, in terms of home amenities or styles. This can help give you perspective as you make your decisions.

Get a sense of the national design trends

And speaking of styles, design trends that are going national are also a source of inspiration. While not every trend will match your rehab, some might, and others may even be expected. A great example of this is the recent sweeping trend of stainless steel appliances.

Forget your personal preferences

One more comment on styles and upgrades. When rehabbing, you might be tempted to add exactly what you would love in that property. And sometimes that’s okay, if it’s right for the property and commands a higher price in the end. There’s also something to be said for a subtle personal touch, but on the whole, you should forget about the personal preferences that might clash with the property or make it more difficult to sell or rent.

Understand your permits

In many cases, when you’re rehabbing your property, you’ll need to pull permits. Now, if you have a professional team at the ready, they may handle all of this for you. However, I still like to have a general idea of the permitting process for a rehab, at the very least to factor into budgeting ahead of time.

Know your budget

I can tell you that if you’re new to rehabbing, you might want to consider pairing up with a seasoned mentor. This is because too often, those who are new to the game can overblow their budget. In fact, it can be very easy to do, even if you have a rehab or two under your belt. By knowing your budget is spot on you’ll ensure that your rehab works for you.

Pay attention to timing and schedules

You do have a timeline for your rehab, right? It’s rather easy for a potential rehab to stretch on indefinitely if you don’t have a firm schedule. That doesn’t mean you can’t be flexible, but having a timeline allows you to track where you need to be to start getting your investment back in the most optimal way.

Are you new to rehabbing properties? Whether you intend to rent or flip, I’m always happy to answer any questions you may have

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Rules for Home Rehabs: 7 Tips from the Pros appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

For those of you who regularly follow my articles, you know how much I love sharing tips and tricks that go beyond the commonplace. In fact, you’re probably not surprised to find out that I love everything about real estate, from buying and selling to decorating and landscaping.

And one of the biggest aspects of real estate, in Southwest Florida or anywhere, that I consider is the potential of a property. This is because you can often find homes that are considerably marked down in price compared to their neighbors, and all because someone has yet to see the hidden possibilities in that property.

But how do I hone my skills for spotting potential and unlocking it? Although there are a few other tools I use, I enjoy browsing photos of other homes that have been transformed or enhanced. And today, we’re going to browse together to get ideas and see exactly what brings out the potential of 2 Houzz homes.

Rehab of Tropical Real Estate in Southwest Florida

You are going to be totally blown away by this image gallery of a quaint piece of real estate in Southwest Florida. Located in Stuart, Florida, just a few hours from where I am, this home was originally a drab, somewhat boring property. Looking at the images, you might wonder whether this property would even be worth touring.

Yet, once it was rehabbed, you can see that it went from underwhelming to a property that likely would command a significant sum over purchase price. I love that something as simple as a paint job truly made it shine and fit more to the landscape. And the new design elements are right on-point, in addition to the attractive new landscaping. But the outdoor area is a transformation you have to see to believe.

Incredible Mid-Century Modern Rehab

For real estate in Southwest Florida, we have a large diversity of styles when it comes to design. Of course, one style that is trendy right now is the Mid-Century Modern vibe. And for this kitchen overhaul, you’ll find this approach has been captured in a wonderful way. Now, the original kitchen isn’t bad and is even a little quaint. However, the owners saw a bit more potential lurking under that veneer. I like this one particularly for its clean, but natural look. It maintains a sense of warmth that transcends other more sterile modern approaches that rely on white.

Are you looking at real estate in Southwest Florida for investment potential? My team has decades of experience unlocking the potential in overlooked properties. And I’d be happy to answer all your questions.

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post Unlocking Your Next Home’s Potential: 2 Houzz Rehabs appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

When you’re buying a home, whether it’s real estate in Southwest Florida or Cincinnati, you’re probably also thinking of what it will look like once it’s yours. For many homeowners, personalizing their home is a huge part of the homeowning experience. Plus, that extra personal touch, from trendy decorating to DIY projects, gives you the chance to make your home inviting and interesting.

Now, as a Southwest Florida real estate agent, I’m all for home projects that are affordable. But I also know that many of my clients are still learning the ins and outs of being handy. So, I’ve put together this quick list of 5 projects that are relatively simple, straightforward, and anyone can do them… even if you haven’t picked up a hammer in a while.

Add a New Kitchen Faucet

Okay, let’s start somewhere fairly easy. I know many of the homebuyers in Southwest Florida that I work with enjoy beginning with a simpler project. And when it comes to changing out a kitchen faucet, you’ll find it’s not too challenging. At the same time, you’ll be adding an extra touch of refinement to your kitchen while gaining basic skills you can use in other projects.

Create Your Own, Stunning Headboard

If you’ve recently moved into a new home, and you’re not ready to buy a new bed, swapping out the headboard can be a fun project. Whether we’re talking about a natural slab of wood or an interesting fabric over a frame, this project gets you thinking style. And in reality, it’s not too challenging to create something that brings more detail to your sleeping area.

Replacing a Bathroom Vanity

If you’re a little handier, you can seriously upgrade your bathroom by replacing the vanity. As you can see from the tutorial, the project isn’t overly advanced, though it will require a little elbow grease. You’ll discover that this project is also affordable and can be done as a quick weekend project as well.

Upgrade Your Window Treatments

But let’s talk about another easy one that almost everyone can do, and that’s windows treatments. Instead of linking you to a tutorial for that one (since, in most cases, it’s pretty self-explanatory), I’m sharing some trending ideas with you instead. When you buy a home, one of the very first projects you can do to make it yours is adding your own window treatments.

Put in Simple Garage Storage

The Ana White site is filled with woodworking-related projects of various skill levels. And this is one of the easiest. Now, these shelves aren’t the most attractive thing you’ve ever seen, but when it comes to garage storage, you can’t have too much. In addition, they’re cost-effective, and when it comes down to it, do you really need amazingly attractive garage storage? These should do the trick just fine.

Are you on the hunt for a new home in Southwest Florida? I’d love to be your resource for everything in our area!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post 5 Easy & Affordable DIY Projects Anyone Can Do appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

Recently, we saw how several areas for SWFL real estate are taking on additional interest. From amenities to property values, these areas are attracting people to the type of factors that make the Gulf Coast a wonderful place to live.

Of course, with properties still in the affordable range for many people, our entire region is seeing extensive growth. But when it comes down to it, there are several areas of SWFL real estate that are becoming trending spots to enjoy. And these 3 additional choices represent that same balance we saw recently between amenities, cost-effective pricing, and enjoyable lifestyles.

Downtown Fort Myers for Vibrant Amenities

If you live in the general Southwest Florida area, you may have had a chance to spend time in Downtown Fort Myers. Over the past 5 years, this little downtown has continued to grow and flourish, with plenty more on the way. And what I love best about this is the additional amenities beyond just the dining (though the dining is excellent too). For example, the Edison and Ford Estate is right down the road, as is the Caloosahatchee River. This trending spot is definitely worth a look for being at the center of it all, but with a smaller city feel to it.

Central Cape Coral for Quiet but Fun

Now, central Cape Coral has always been a bit of a hot spot for SWFL real estate. When you see just how much access our properties have to the water, you’ll be amazed. But there’s something else that’s been taking place in this spot over the past few years. Our smaller downtown core is starting to really re-vitalize, and more people are seeing how this area will be up-and-coming in the next few years in terms of amenities. Still, the cost of real estate, especially if you look just a bit further in northern Cape Coral, is equally amazing.

Sanibel Island for Growing Upscale Living

In our area, Sanibel Island is another one of those “best-kept secrets” that people love. We’ve mentioned it before as a consideration for but this year will likely be even bigger for Sanibel. That’s because the island is an incredible mix of upscale living, paradise retreat, and quaint places to eat and drink. Now, there are many properties in the millions on the island. But if you know the area well, like my team does, there are occasionally a few lots that are more affordably priced. And there’s a good chance this year Sanibel will truly enjoy even more attention.

Are you searching for affordable SWFL real estate that matches your lifestyle? My team is always happy to help you review the areas you’re most interested in!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post 3 More Trending Spots for SWFL Real Estate in 2018 appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.

When you think of autumn-time, you might think that Southwest Florida doesn’t experience a change of seasons. But we do! It might come as a surprise to find out that locals are thrilled when the summer weather breaks a bit and the holiday season starts to come around.

One of the best pastimes for the locals, and probably all over the US, is decorating for fall. And as your trusted source for all aspects of Southwest Florida, I’ve put together this quick list of Pinterest inspirations to get you started. (Make sure you log in to enjoy the full experience) This way, your home will be incredibly stunning for the season, whether you’re just about to buy or you’re a longtime local.

A Perfect Mantel

While we might not have many fireplaces here in Southwest Florida, many SWFL homes come with attractive mantels. Moreover, this is an excellent place to start when decorating for autumn. A string of garland, a fall-time candle or two, and a cute sign is all you need!

A Well-Chosen Centerpiece

Another equally important (and common) decoration is your centerpiece. An autumn centerpiece can elevate the mood and put guests in the spirit. I love this farmhouse decoration for its simplicity and ease of setup.

More Centerpiece Ideas

Speaking of simplicity and easy to set up, this centerpiece idea is really pretty. And it doesn’t get any more straightforward than finding an item that makes you feel the holiday spirit… and then showing it off! This one reminds me of how the holidays are filled with warm meals, friends and family.

A Seasonal Coffee Bar

Turning to other decorations, I love the idea of a seasonal coffee bar. Not only is it completely functional for entertaining guests, it brings in that holiday mood with delicious aromas. Being able to serve guests tasty beverages that make them feel autumn is here is a welcoming addition to any home.

The Stairway of Your SWFL Home

However, let’s not forget more subtle areas of your home. The staircase, either inside or outside, is one often overlooked spot that can be made that much more attractive during autumn. Grabbing a handful or two of pumpkins can go a long way to creating a mood that’s fun and festive.

A Spooky Entryway

Now, I’m a huge fan of a creative entryway to your home. This one captures the season just right with a mix of slightly spooky, but still rustic and with a general autumn-feel. You can probably tell that I love decorations that make guests feel at home in my SWFL home, and this one is no exception to that rule.

Getting ready to buy your own SWFL home and need a few decorating ideas? I’m your Southwest Florida Realtor with all the tips!

Terry Records

Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service

Terry.Records@gmail.com

239-887-2163

The post 6 Autumn Pinterest Inspirations for your SWFL Home appeared first on Terry Records & Jason Nordhougen | Real Estate Investment Coaches & More.