Return on Investment is a common term that we come across in our industry.

Most people think of ROI in terms of dollars and cents.

However, there is another way we can apply ROI.

Time.

That’s right. Time can be a crucial factor in performing a renovation.

If we are trying to flip a property – there can be a huge additional cost if we take 6 months or more to perform a full renovation.

Taxes, mortgage expenses, insurance and the list goes on.

If you are doing an extensive renovation, most of your permits are going to have an expiration. If you pass that time limit, you will need to refile your permit.

So when we talk about various projects during our WREIA meeting Monday night, keep in mind just how much TIME each project will take.

If we make decisions on a project so that we REDUCE the amount of time we will INCREASE the total profit.

And that is the goal this month.

Let’s answer the question we all need to ask when starting a renovation –
Is this the right investment and will it be profitable for this project?

All the while, you need to keep in mind – renovating for a home that you live in is very different than a property that you are trying to fix and flip.

You may be willing to spend a little more for a project if you plan on living in a home.

But try not to get too carried away – and this month – let’s show you some of the places you can invest in your home and actually get a profitable positive return.

• Should I spend money on the kitchen or the bath?
• I hear solar panels increase the value of my home. Is it worth it?
• Where is the best place to spend money outside?
• How do I know I’m doing the right thing when it comes to adding a floor?
• Should I stage the property?
• Should I add a home office or a spare bedroom?
• And much, much more…

Join us Monday night for our April WREIA meeting.
The topic for WREIA this month is:
“Profitable Renovations”

Bring some questions Monday night.

We have a great group of investors who tune in to watch, interact and help other local DC area investors each month.

Come join us!

My sole focus for the April 2022 WREIA meeting is:
Helping you understand where to spend when renovating a property that maximizes your return.

Spend a few moments with us at our next WREIA meeting Monday night– it could save you a fortune down the road.

See you Monday!

Remember to grab a virtual reservation here and we will send you a reminder a few moments before we kick off the April 2022 meeting Monday at 7PM.

Go ahead – grab a ticket. (And yes, there is still no charge to attend.)