Not maintaining a property makes you a slum lord – and that’s not cool. But going all out on renovations when it comes to investment properties isn’t a good idea either. Revenue properties are for one thing only – making money – so here are some tips to help you balance taking care of your investment while avoiding costly renovations that will add little value to your revenue property.
Never Finish A Basement
Unless you’re putting a basement suite in a home, it isn’t usually worth it to finish a basement. The square footage of a house is calculated based on the above grade size of the home. That is, the basement isn’t counted. Although basements are common in a lot of houses and townhomes in Edmonton, they are not seen as valuable spaces compared to the rest of the home.
Once upon a time all you needed was a grill and a picnic table, but no one stops there anymore. “What homeowners are building outdoors rivals what they’re doing inside,” says Josh. “They’re making the outdoor space more functional, with lighting, a fire pit or fireplace, and comfortable furniture.”
You can start simply by lighting up the night with long-lasting LEDs and a portable fire pit to gather around. Underfoot, gravel walkways and patios are a European design style that’s becoming more popular as a lower-cost alternative to stone and concrete. Overhead, a ceiling fan keeps the breeze moving. Outdoor fireplaces, and especially fire pits, have become popular hot spots as homeowners look to make the most of the space.
You don’t have to do everything at once. Take a multiyear approach...
Bed liners offer protection to truck beds which can reduce maintenance costs and increase the longevity of the bed itself. There are a few different options that truck owerns can take advantage from: a carpet liner, a drop-in bed liner, or a spray on bed liner.
Here are five advantages that spray on bed liners have over the other options:
Fits Trucks of Any Size
The other two options, drop-in bed liners and carpet liners, are only produced for trucks in certain sizes. If your truck is an older model, or some type of custom-made model, a spray on bed liner may be your only option.
If you opt for a drop-in liner, you might find that the liner starts to shift around over time. This is not only annoying, but can also expose the bed and scratch the paint on the truck. Spr...
1. Only use high quality materials. High quality cabinetry will give you years of great service. Cutting corners to save a few dollars on cabinets may cause regret as they show wear and tear more easily.
2. Select the proper cabinet height for your kitchen. For eight foot ceilings choose cabinets that go to the ceiling to get maximum storage and for higher ceilings leave 15 to 18 inches above the cabinets.
3. Select an elegant countertop. White marble or stained wood add elegance and warmth while slate, soapstone or limestone will give a sophisticated look.
4. Install an island that works for you. Islands should have an open look and not be crowded with appliances. If you want it to house a dishwasher, sink or a cook top, then maintain the look of...
Before you jump into construction or renovations on your home these 9 tips will help ease the stress.
Carefully Select the Builder:
Before hiring a builder, drive past their previous jobs
and speak to the homeowners. Ask if the builder had good follow-through, whether the job was completed on schedule and on budget and if they were pleased with the quality of work. Also, check the builder's relationships with subcontractors and supply houses — essentially find out if they pay their bills. A builder who is behind in payments will most likely encounter delays in receiving materials and have a hard time keeping a quality crew.
Hire a Lawyer:
Have a lawyer review the contract with your builder. Building a home is a major investment and it's important to make sure all of your bases are covered...