Zillow's 2023 Consumer Housing Trends Report finds that first-time buyers now make up 50% of all home buyers, up from 45% the year before. Many of those homes were not new, which means quite a few people found themselves in possession of a fixer-upper. These houses can be a dream or a nightmare. If you get the house for a good price, you can make a considerable profit by fixing it up and selling it.
 
Of course, this may depend on your area of the country; the average price for a fixer-upper in Boston, Massachusetts, for example, is $420,000, but the average will be much lower in less-populated and rural areas. And if renovations head south, you could end up pouring a lot more money and resources than you intended into a money pit. Here are a few suggestions to keep your experience on the positive side.
 
The Buying Process
 
As a first-time home buyer, get prepared before you even begin looking. Check your credit score, know what kind of down payment you can afford, and get pre-approved for a loan so you can make an offer without having to wait.
 
Looking beyond traditional real estate listings often yields results when you’re searching for a fixer-upper in your area. Check your local courthouse for foreclosure notices and attend auctions and estate sales. Because you’re willing to do some work on a house, you’re more likely to find a gem others will miss. The ideal fixer-upper is the worst house in the best neighborhood.
 
Before you buy, make sure you get a home inspection so you know exactly what you’re facing in terms of repair work. You want to make sure you’re not missing something major that will spell disaster once the house is yours.
 
Prepping for DIY
 
Determine what projects you need to hire out and what projects you can handle. For the jobs you’ll be doing, make sure you have the appropriate tools. A few common power tools include a drill, circular saw, jigsaw, oscillating multi-tool, and an orbital sander. These will get you through most projects. If you’re not sure which models or brands to buy -- or which tool to use for which job -- do some research or ask your contractor or an experienced friend for recommendations.
 
What Projects to Tackle First
 
Deciding what projects to start with will depend on if you are living in the home. If you’re living there, you will likely remodel one room at a time so you can live in the other areas. If you have other living arrangements, you can work on the entire home at the same time.
 
Major projects come first. Knocking down walls, tearing out old kitchens, ripping up flooring, and doing major plumbing and/or electrical work are large changes that should come before smaller cosmetic improvements such as paint.
 
If you are working with a contractor, make sure he communicates his remodeling plan to you. If you’re doing everything on your own, create a timeline before you pick up the first hammer.
 
Love It or List It?
 
As a popular show on HGTV asks, once you have completed the fixing up process, should you love it or list it (stay or sell)? If you are emotionally invested in the property due to the blood, sweat, and tears you poured into it, it makes sense to stay. If the entire process is just a business transaction to you, you’ll be more willing to sell. Either way, you should have your house reappraised once repairs are finished. If the home value has increased significantly, you may be in a good position to sell quickly (make sure you research capital gains tax first).
 
If you’re up for an adventure, buying a fixer-upper can be an exhilarating experience for first-time home buyers. Go into the process with your eyes open, and get lots of advice from people more experienced than you. Every fixer-upper process has moments when you’re not sure if things will work out, but the end result can be well worth your time, effort, and investment.
 
Photo from Unsplash


Guest contribution by Bret Engle. Updated 2024.

Moving to a new home is an adventure, a fresh start that often comes with the challenge of transporting your belongings safely, especially bulky items like your bed. Among these, the bed frame and mattress are particularly cumbersome yet crucial to move with care. A systematic approach is essential to effectively pack a bed frame and mattress for moving. This comprehensive guide will provide detailed steps to ensure everything is moved without damage, ensuring you can have a good night’s sleep in your new home. 

Pack a Bed Frame and Mattress for Moving: Get the Necessary Materials

If you want to properly pack a bed frame and mattress for moving, it’s important to have the right materials on hand. A durable mattress bag or cover is a must-have to shield it from dirt, moisture, and damage. For the bed frame, bubble wrap or moving blankets offer excellent protection against scratches and dents. Packing tape and scissors are essential for securing these wrappings, and a toolset is necessary for disassembling your bed frame. Lastly, a marker is useful for labeling parts, which simplifies reassembly. Investing time in gathering these materials will make your packing process efficient and stress-free.

Packing the Mattress

Cleaning the Mattress
A clean start in your new home begins with a clean mattress. Start by vacuuming thoroughly to remove dust, hair, and other debris. Use a mild detergent and a damp cloth for spot cleaning if there are any stains. Be careful not to soak the mattress, as moisture can lead to mold and mildew. Allow it to air dry completely, which might take a few hours. A clean and dry mattress ensures that when you unpack, you're greeted with a fresh, welcoming bed to rest on after a long day of moving.

Wrapping the Mattress
Once it is clean and dry, it's time to wrap it for protection. A specialized mattress bag or cover is designed to offer a barrier against dirt, dust, and moisture during transport. Slide the mattress into the bag and seal the open end with packing tape. Make sure the entire thing is enclosed and the bag is secured with no gaps. Clearly label the package with your name and the destination room in your new home. This protects your mattress and simplifies the relocation process, ensuring the movers know exactly where to place it.

Disassembling the Bed Frame

Step-by-Step Guide
The bed frame, often the centerpiece of your bedroom, requires careful disassembly. Start by removing all bedding and the mattress. Then, systematically take apart the frame. Begin with larger components like the headboard and footboard, then continue to the slats and side rails. Use the appropriate tools to loosen and remove screws and bolts. Keep a close eye on all the hardware - losing a single screw can be troublesome during reassembly. A handy tip is to use small plastic bags to store screws and label them according to the part they belong to.

Tips for Easy Reassembly
Take detailed photos of everything before and during disassembly to facilitate reassembly in your new home. These photos can serve as a reference, making it easier to put everything back together correctly. Labeling each part of the frame can also be immensely helpful. Use stickers or masking tape to mark each piece, corresponding to the photos you've taken. This simple step can save you a lot of time and confusion, ensuring you can quickly get some sleep and rest after a long day of moving.

Pack the Bed Frame

Protecting Components
The bed frame, with its different components, needs to be packed securely to avoid damage. Wrap each part of the frame with bubble wrap or moving blankets. These materials provide cushioning and protect against scratches, dents, and other damages during transit. Pay special attention to corners and protruding parts, as they are more susceptible to damage. Secure the wrapping with packing tape. If you have any loose parts like knobs or decorative elements, remove them and pack them separately to prevent loss or damage.

Compact Packing Strategies
When packing the disassembled bed frame, it's important to be mindful of space. Arrange the parts in a way that they take up the least amount of space possible without compromising their safety. Larger parts like headboards and footboards can be laid flat, while smaller pieces can be nestled in between. Ensure that all parts are securely wrapped and don’t move around. This careful packing saves space in the moving truck and minimizes the risk of damage during the move.

Pack the Bed Frame and Mattress for Moving: Loading and Transporting

Loading Tips
Putting your mattress and bed frame into the moving truck requires strategy and careful planning, especially if your move is more complex, like a move across the border. For instance, when moving internationally, ensuring that your items are well-protected and securely placed becomes even more crucial due to the longer transit times and additional handling. The mattress should be placed flat against one of the truck's walls to save space and prevent it from bending or folding, which can damage its structure. Similarly, the frame parts should be carefully positioned to avoid shifting during the journey. Using moving straps or ropes to secure them in place is wise, as this ensures that your bed remains stationary and safe, no matter the distance or destination of your move.

Unloading and Storage
Upon arriving at your new home, unload everything carefully. Store them in a dry, clean area if they can't be reassembled immediately. Also, avoid placing heavy items on top of the mattress, as this can cause permanent damage. Keep the bed frame parts together to ensure easy access for reassembly. Proper unloading and storage are crucial in preserving the condition of your bed until it's ready to be set up in your new space.

Conclusion

Moving your bed frame and mattress can be smooth and stress-free with the right preparation and care. This guide on how to pack a bed frame and mattress for moving has walked you through each step to ensure everything arrives in perfect condition, whether you are moving internationally or locally. Each stage protects these essential items, from gathering materials to the final setup. With patience and organization, you'll find that this task can be a simple and straightforward part of relocating to your new home.

Photos via:
Pexels
Pexels
Unsplash
Unsplash

If you're thinking about renovating your home, there are a few things you should know before you get started. From understanding the different types of renovations to budgeting for your project, this guide from Clark Real Estate will give you an overview of what to expect when it comes to renovating your home.

Different Types of Home Renovations
There are many different types of home renovations, from small cosmetic updates to major structural overhauls. Some common home renovation projects include:

• Kitchen remodels
• Bathroom remodels
• Adding or expanding a room
• Finishing a basement or attic
• Updating flooring, lighting, or fixtures
• Painting or wallpaper
• Installing new windows or doors
• Sprucing up outdoor spaces

Establishing a Timeline and Schedule
Once you've decided on the scope of your project, it's time to establish a timeline and schedule. This will help you stay on track and ensure that your project is completed on time and within budget.Some factors to consider when creating your timeline and schedule include:

• The availability of tradespeople (e.g., electricians, plumbers, etc.) 
• The delivery time for materials 
• Any permits or approvals that are required 
• How long each stage of the renovation will take 

Budgeting for Your Renovation 
Next, you'll need to create a budget for your renovation. This will help you keep track of all the costs associated with your project and ensure that you don't go over budget. When budgeting for your renovation, be sure to factor in the cost of the following: 

• Labor  
• Materials  
• Equipment rentals  
• Permits
• Approvals

Software Used by Contractors These Days
Contractors today use a variety of software applications to manage their projects, including project management software, accounting software, and CAD (computer-aided design) software. Certain specializations also have their own specialized software. All in all,  by understanding which software applications your contractor is using, you can better communicate with them and stay up-to-date on the progress of your renovation.

How to Find Capable, Trustworthy Contractors
Once you've established a budget and timeline for your project, it's time to find capable, trustworthy contractors who can get the job done right. Here are some tips for finding reputable contractors: 

• Check online reviews: A quick Google search will reveal any past complaints or issues that potential contractors may have had with previous clients.
• Get recommendations from friends/family/neighbors: If someone you know has recently had a good experience with a contractor, they'll be more than happy to pass along their contact information.
• Check references: Once you've narrowed down your list of potential contractors, be sure to check their references before making your final decision.

Clearly Communicating Your Ideas
One of the most important aspects of any home renovation is clear communication between you and your contractor. After all, they're the ones who will be responsible for bringing your vision to life! Make sure you take the time to sit down with them and clearly explain what it is you're looking for before work gets underway.

Putting your ideas in writing is advisable, as well. If you like, you can start in Word, then save the files as PDFs so that they can be easily accessed on different devices. If you want to join various PDFs together, you can do so in seconds by selecting a PDF merger tool that you can use for free.

Getting Permits
Depending on the type and scope of your renovation, you may need to obtain certain building permits before work can begin. Your contractor should be able to advise you on which permits are required for your project.

Adding a Home Office
With more and more people working from home these days, it's no surprise that many homeowners are looking to add a dedicated home office space as part of their renovation plans. If this is something you're considering for your own home, be sure to factor in the cost of additional electrical outlets, internet hookups, and any other special features that may be required.

The Benefits of a Home Warranty
Finally, one last thing to consider when renovating your home is whether or not to purchase a home warranty. This type of insurance protects against unexpected repairs or replacements that may be needed after the completion of your renovation project. While not required, a home warranty can give you peace of mind knowing that your investment is protected.        

Now that you know more about what to expect when renovating your home, it's time to start planning YOUR dream renovation! Just remember: careful planning, clear communication, and staying within budget are key to ensuring that your project goes off without a hitch!

Clark Real Estate offers a variety of property management services for landlords and tenants alike. If you have any questions, please let us know. 

Image via Pexels​

Flipping houses can be a great way for aspiring students to earn money for college. With a little hard work and a bit of luck, one can turn a profit from buying an inexpensive fixer-upper and selling it at market value. Investing in the real estate market requires careful research and savvy knowledge of the industry, but with dedication and persistence, flipping houses can become a lucrative investment that pays off in more ways than one.

Find the Right Home to Flip
One of the most important steps in real estate investing is finding the right home to flip. It can be hard to determine which properties are worth your time and money. However, there are several factors you should consider when evaluating potential flips. You should look at a property’s location, condition, zoning, and comparable prices. Also, consider housing trends and research what similar properties have recently gone for on the market. With a little diligence, you'll be able to find the perfect property flip. 

Check the Zoning
When looking for a house to buy and potentially flip for a profit, it is important to research local zoning laws. Every county or municipality may have different regulations which could prevent or limit renovations, additions, or other changes that could affect the value of the property. By checking with the local zoning laws first, potential home flippers can save themselves the heartache of a bad deal.

Call the Pros
Even if you have experience in home improvements, it's still wise to hire professional contractors for major projects such as plumbing, electrical work, structural changes, and more. Skilled professionals will get the job done correctly and safely while ensuring that your renovation project complies with all applicable laws and regulations.

Make It Sparkle
When you're ready to put up your property for sale or rent, don't forget about deep cleaning. A good vacuuming and decluttering will already go a long way. This is an often overlooked step, but it can make all the difference when it comes time for potential buyers or renters to tour your home since they'll appreciate seeing how well-maintained everything is from day one. Plus, deep cleaning before listing will give you an edge over competing listings on similar properties nearby.

Market Your Property
When it comes to flipping a house, successful marketing can be the difference between making a profit and taking a loss. Utilize all available channels to get the word out about the property, such as listing it on online real estate sites, reaching out to local Realtors for referrals, and utilizing social media platforms like Facebook and Instagram. Host an open house or organizing events at the property to generate interest. Invest in professional photography, staging, and open-house support to increase visibility. 

Additionally, make business cards, which can help spread the word about your listing quickly and easily. Make sure your cards include information about what makes your property unique, such as its location or amenities included in the sale/lease agreement.

Alternatively, reach out to Clark Real Estate. We can manage your property for you in the Reno and Sparks areas.

Study Online to Save on Costs
If flipping houses isn't enough money for school tuition, you can always take classes online. Whether you want to earn your bachelor of education or your master's in accounting, virtual learning has become popular in recent years due to its convenience and flexibility when compared to attending full-time in-person classes. Moreover, online degree programs can cost significantly less, which means your tuition budget goes further.

Flipping houses to help pay for college can be a lucrative undertaking. With careful research and planning, it can be an incredibly rewarding venture both financially and emotionally. Whether you're looking to pay off student loans or save up money for tuition costs at college, flipping houses can be a great way for adults to return to school after years away from the academic world.

Image via Pexels​

​What goes up must come down. That adage is true when it comes to throwing a ball or hot air balloons, but what about rising prices? History tells a different story. You don't need to be an economist to know that prices for most products are more on a continuum trending upward with only slight and temporary dips. Inflation is a result of supply and demand. When there is greater demand than supply prices will increase. When there is a oversupply of products, the cost typically goes down albeit not necessarily lower than a previous average. Anyone that has filled their vehicle with gas over any period of time knows that gas prices fluctuate with the seasonal ups and downs directly related to usage by consumers and how much is available in the world. Inflation not only affects the price of gas and groceries, but also housing prices. The price of building a new home is related to the supply of construction materials. When the cost of building a new home is prohibitive, there is more demand for existing houses. Which, in turn drives up the sales price of an existing home. Other factors can contribute to home prices such as interest rates or the availability or affordability of low cost financing. Again, supply and demand is what pushes inflation to the record levels we've recently seen. Here is what many in government see as a benefit to inflation: The cost of paying back debt is actually lower when the debt was incurred prior to inflationary increases. If inflation devalues our money by say 10% it means that the debt represents a lower percentage of the income needed to repay it. If inflation pushes prices to 50 or even 100 percent, the pre-inflation debt seems insignificant. That is possibly one reason that many in congress don't seem to be concerned about inflation. One key to surviving inflation is to hold on to assets that rise in value with inflation. Cash is not a good hedge against inflation because it continually takes more of it to buy goods and services. Real Estate, precious metals, and durable goods that remain in demand in any economy historically provide protection better than most liquid assets. While high inflation rates may subside when demand and supply are corrected, prices typically level off but do not decline. That makes investing in real estate, for example, fairly safe. Landlords rarely lower the rents when inflation cools off. A shift to new construction could occur if materials become more readily available, but the existing homes hold their own. Understanding inflation can help you make better choices about what to invest in and how you can benefit from what can be negative affects.

​If you happen to be a rental owner, there's a high chance you've put blood, sweat, and tears into managing the said property. While the investment might have been a smart one initially, perhaps it doesn't ring true today. There are many instances in which you are better off moving on from the property than keeping it in your possession any longer. Unfortunately, knowing just when to say goodbye isn't simple to determine. With that said, you are encouraged to take note of these 7 signs that suggest the time to sell your rental property has come.

1. The value of your rental property has increased
If the value of the property has drastically increased since the time you bought it, that may be a signal it's time to convert it into cash. This approach is especially favored by professional flippers, who purchase properties only to sell them for profit a short time later. While typical flippers don't usually turn to renting, a few of those do stick around long enough to venture into the process - which goes something like this:

• Make a purchase
• Find tenants to whom they'll rent out the property
• Make updates with the intention to sell
• Part ways with the property once the prices have gone up and the local market starts favoring sellers

You may not consider yourself a flipper, but in this case, it may be wise to take a page out of their book.

2. The property is no longer generating profit
It doesn't take a genius to figure out that a property that doesn't bring revenue isn't one worth keeping. Of course, if you've only recently acquired your asset, perhaps you should stick around for a bit longer. After all, it does take some time for profit to show. However, if you've already been a landlord for a while and you've been in the red for months, it might be wise to sell your rental property. It's better to let go of it now than allow it to drain your savings any further.

If you truly are keen on sticking to real estate investing, though, put your money elsewhere. For example, into another Reno property that's bound to prove more profitable.

3. You are miles away from your rental property
When you live close to your rental, managing it doesn't seem all that complicated. Whenever the property requires your attention, you are just a short drive away.

However, as life is relatively unpredictable, sometimes, we must move away. This challenging time requires us to think about many things: our next living arrangement, the moving process, and last but not least, the property we currently own. As far as hiring movers goes, it's worth noting that reliability is the most important factor to consider. Always opt for a company that has considerable experience moving people across long distances, throughout the entire state of Nevada.

While the relocation process can be reasonably smooth, maintaining your property when you live miles away becomes all that harder. You can no longer be there to tend to issues and must rely on the help of others to make do. Selling is possibly the best choice, but if you wish to keep your asset, by all means, do it. Should that be your final decision, remember to seek out a professional Reno property manager.

4. You no longer wish to be a landlord
The thought of being a landlord doesn't excite you anymore? If you find this to be true, that's a tell-tell sign that you should sell your rental property, or actually, consider selling it.

Perhaps you are just tired of the amount of work that needs to be done around the property. Maybe managing it has occupied so much of your free time, which isn't what you initially signed up for. Or, you've stumbled upon trouble with your tenants. Whatever the case, if real estate investing no longer does it for you, it might be time to leave the game altogether.

5. Your rental property has begun deteriorating
The state of your current asset is such that it requires extensive repairs to become yet again profitable. Investing in a new roof in Reno, for instance, can cost you anywhere between 6,000 and 10,000 dollars. That's about a year's worth of rent down the drain! Instead of spending a fortune on fixing it all up, it's better to sell the rental ''as-is''. This is especially true if you are dealing with a somewhat older property. The potential for something going wrong grows with age, so parting ways sooner rather than later is recommended.

6. You set eyes on another property
New opportunities to invest in something, including properties, arise constantly. Maybe you've recently stumbled upon an asset that you believe could be worth your while. The only problem being that the lack of money is preventing you from acquiring it straight away. However, if you sell your rental property now, you'll have just the amount you need to fund the new investment. But pause for a minute: are you aware of what you're getting yourself into? Is the potential of obtaining higher profits with the new property truly that great? Is it that great that it makes saying goodbye to a rental that's already been bringing you constant cash flow reasonable? Ask yourself these questions before reaching the final verdict.

7. Circumstances surrounding your life have changed
​At the time you purchased your investment property, you couldn't have possibly known something in your life would change. While you would want nothing else but to keep your property, certain events could make you question that decision, including:

• Wanting to purchase your dream home
• Having to pay your child's college tuition
• Losing your job
• Retiring
• Death of a family member

Whatever your situation, don't rush into making a decision. While the smartest choice may very well be to sell your rental property, double-check it by picking the brain of others. A financial advisor could prove the right person to ask for insight, as they are someone with the knowledge but no emotional attachment to the property. Additionally, if you decide to keep your rental property but have no time to manage it, contacting a property management company in Reno might be the best choice!

Flipping your first house is a thrilling undertaking. After putting in the hard work of choosing everything from the flooring to finding the perfect finishing decor, you should feel proud of your major accomplishment. Once you approach the end of your project, however, you are faced with one final decision: Sell the property or rent it out?
 
If you are torn between these two options, here are several important questions for you to consider.
 
How is the current housing market in your area?
One of the most significant factors in your decision to rent or sell should be the current housing market in your area. Do research to find out the following: Are home prices slumping, or are homes selling for a reasonable (or higher than normal) price? What is the current demand for rental properties in the area? What is the future outlook for home and rental prices?
 
Gathering data like this will help inform your decision. You can use this information to quickly assess whether renting or selling would bring you the highest profits. When it comes to flipping houses, knowledge is power.
 
Do you have the time to be a landlord?
For many individuals who flip houses, another major determining factor in renting or selling is the time they have available to dedicate toward being a landlord.
 
Landlords are responsible for the majority of repairs needed in a home or apartment. At a moment’s notice, you may need to replace electrical wiring, handle a plumbing emergency, or replace an appliance. Thankfully, those who don’t have the time to work as a landlord can hire an experienced property management company like Clark Real Estate. Property management companies handle most of the time-consuming duties involved in renting a property — including tenant screening, rent collection, and repairs.
 
If you instead opt to be the landlord of your property, ensure that you have plenty of extra funds saved. The cost of emergency repairs can quickly add up, so it is important to have enough in the bank to cover these expenses and that you work with qualified professionals to make repairs. For instance, if your rental property needs window repairs or replacement, you can find local contractors through Angi.com and view customer testimonials and feedback. Before hiring a service, insist that they’re licensed and insured and can provide you with referrals upon request.
 
What are your long-term financial goals?
If this is your first investment property, you may have not established long-term financial goals for this project. However, setting financial goals for yourself and for this property is critical in helping you decide how to move forward.
 
For example, are you looking to make a lump sum to reinvest into your business? This option makes the most sense if you are formally starting a career or side hustle as a house flipper. The cash that you will receive from the sale of your property will not only pay off any outstanding renovation bills, but it will also give you a large chunk of money to use on the next house you plan to flip. If you instead want this property to provide you with a stream of passive income, renting will always be the best choice. For as long as you desire, you can generate funds from this home with no extra work involved.
 
What do you plan on doing with any other fixer-uppers that you purchase?
Finally, consider your plans for any future fixer-uppers you plan to buy. Was this a one-time project, or are you planning to flip homes regularly? Do you want a mix of rental properties and ones that you decide to sell? Having this plan in mind will allow you to decide whether to rent or sell this current home and all future homes you purchase.
 
The finality of making the decision to rent or sell your fixer-upper can feel daunting. When you ask the right questions, and do plenty of research, you can rest assured that your final decision is the right one.
 
Clark Real Estate offers full-service property management services for property owners and investors in and around Reno. Call (775) 828-3355 to learn more!
​

​If you are fortunate enough to find yourself in a position where you think you can afford to own property, you then have to deal with making the biggest and most complicated purchase of your life. For some, adding to the complication of a major renovation seems like madness. But for others, fixer-upper homes are the most achievable way to get the house of their dreams. If you have been considering joining the fixer-upper club, here’s what you’ll need to think about.
 
The Buying Process
The first thing you need to do is determine your budget. In the case of a fixer-upper, this has to include both the price of the house and the renovation costs, but it is easier for you to think of them together for the time being. Good indicators to establish a budget include your annual income, money saved for a down payment, monthly spending, loan type, and current average APR. Don’t forget that there are plenty of hidden ongoing costs to owning a home, so you also need to take things like insurance, taxes, and maintenance into account.
 
The next step for most homeowners is to get to know their local market and see what kind of home they can buy in the area with said budget. Nolo.com suggests that the best way to know how much to offer on a fixer-upper is to figure out the value of the home if it was fixed, calculating the cost of the work, and then subtracting one from the other.
 
Once you find the fixer-upper of your dreams (and budget), there are a few additional steps you need to cover before making an offer. Get a full home inspection, which will highlight any repair work you may have missed during your visit, and re-adjust your offer accordingly. If a house you love has severe structural issues that would cost a fortune to repair, it may not be worth it.
 
As you look into financing your purchase, research the types of loans that will work best for your situation. For example, if you’re a veteran with so-so credit and not a lot socked away, you are eligible for a VA loan, which can help when it comes to finding decent interest rates, plus there won’t be any mortgage insurance. On the other hand, if the home needs serious work, you can look into an FHA 203(k) loan. These loans provide funding for the home and the necessary renovations, in addition for funding that covers the time you can’t live in the home.


The Renovation
When it comes to renovating your new home, planning is the most important thing you can do. It may be tempting to throw yourself headfirst into the first DIY project you can think of, but this is not the most efficient way to proceed.
 
Make a full list of everything that needs to be done, and sort tasks by priority. At the top, place anything that is necessary to make the house livable, such as electrical work, plumbing, or structural issues. Then address changes needed to make the house attractive. Finally, finishing decorative touches go last.
 
A full renovation schedule is important, but it is by no means the only thing you need to consider. Real Homes has a detailed checklist of things you need to do before you start renovating, covering everything from securing the building site to learning about your home’s architectural features. And if you haven’t already, invest some cash into some quality power tools such as drills or saws to make those DIY projects a little easier.
 
​
The Resale
There is an accepted idea in society that your first house is a “starter home” and that you will eventually trade up to a bigger and better one. National statistics say the average first-time buyer stays in that house for 11 years before moving on to another home. However, there is also evidence that many first-time buyers, particularly young millennials, are skipping the starter home altogether. Instead, they are choosing to wait longer and put in more effort to buy a home that is right for them for the long haul.
 
Whether you choose to re-sell your fixer-upper will ultimately depend on two factors: firstly, whether you bought the house with the long-term in mind, and secondly, how much value you have added through your renovations. Do bear in mind, however, that experts recommend living in a home for a minimum of five years before selling.
 
Buying a fixer-upper for your first home doesn’t have to be a terrifying and intimidating prospect. As long as you are reasonable with your budget and expectations and do your homework, your fixer-upper can either end up being your dream home or a great first step on your way up the property ladder.

​If you’re about to put your house on the market, you should first consider a few updates that will make your home more attractive to potential buyers. In order to maximize your profit, stay away from big-ticket items unless they’re absolutely necessary. They key is to focus on smaller, quick wins that will make a big difference. Here are a few ideas to get you started.
 
Inspection
 
First, consider paying an inspector to examine your house and report on any issues he finds. You probably already know of a few minor things that need to be fixed, but a certified inspector can give you peace of mind by letting you know if the big things are in good shape. If he does find a major problem, you’ll get a jump start on determining your strategy for fixing it. To ensure a quality inspection, only hire an inspector with an InterNACHI (International Association of Certified Home Inspectors) membership.
 
Unclutter Your House
When you’re preparing to sell your home, here’s a idea to add to your checklist that won’t cost anything — get rid of the clutter in your house! uncluttering can make your home feel larger, cleaner, and airier, all of which make it more attractive to buyers.
 
Below are a few quick tips:

• Determine the clutter hot-spots in your home you want to tackle first.
• Set up a sorting system with bins or boxes: things to keep, things to throw away, things to donate/sell, things to store.
• Use the 80/20 rule. You probably use about 20 percent of your stuff 80 percent of the time. The idea is to get rid of as much of the 80 percent you don’t use as possible. If you haven’t used something in the past year, you probably won’t use it — get rid of it.

 
After you’ve uncluttered, you might notice all that open space looks a little grungy. Guess what? It’s time to start cleaning. Scrub areas that haven’t seen the light of day in a while, and use a handheld vacuum to easily reach those tricky corners without having to rely on your heavy-duty cleaner. Handhelds are also good for quick clean-ups and are easily stored away once you’ve finished tackling whatever problem fell into your lap.
 
Fix or Replace Leaky Faucets
 
Prospective buyers will instantly notice and be turned off by leaky faucets in your home. If your faucet is newer and just has a leaky valve or connection, take a few minutes and fix it. If, however, your faucet is older and needs to be replaced, it’s not a difficult project and will noticeably improve your bathroom or kitchen. You’ll likely want to replace the supply lines under the sink at the same time as the faucet. One quick tip: You will have cut-off valves under the sink to turn the water off, but make sure you know where the whole-house cut-off valve is in case of emergency. This could save you some water damage!
 
Spruce Up Your Landscape and Yard
 
Improving your curb appeal will add to the attractiveness of your home as well. Take a weekend to knock out several of these improvements.

• Mow and weed-eat the lawn. Make sure you don’t have unsightly weeds or long grass cluttering your yard.
• Trim your shrubs. You’ll be amazed how much cleaner and sharper your home looks with freshly trimmed shrubs and bushes.
• Add new mulch. A fresh layer of mulch in your beds can work wonders as well. Don’t go too deep with the mulch — just a top layer to cover up the old mulch and give a clean, new look will do the trick. Make sure you do your trimming and cleaning up before you add the new mulch — otherwise, you’ll ruin the effect. Two cubic feet of mulch can be purchased for $3.49 a bag.
• Do a general overview of anything else that needs to be fixed. Fill in any holes, toss some grass seed in any bare spots, clean out old flowers, and consider adding a few new flowers for an attractive pop of color.
• To save time, considering hiring a landscaper to do the job for you. According to HomeAdvisor, the average cost of hiring front and backyard landscaping services in Reno ranges from $2,275 and $13,068.

 
These updates are inexpensive, quick fixes that will help you obtain a higher price as you sell your home. Take a few days to implement them and you’ll be surprised how different your house feels. Prospective buyers will be impressed as well, and that’s your goal — so get to it!