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7 Bathroom Remodeling Tips for Investment Properties

February 20th, 2020 |

When you’re remodeling a bathroom in an investment property, the goal is to create a visually appealing and functional space to increase your return on investment (ROI). Completely overhauling the bathroom is usually not necessary to reach that goal. Here are bathroom remodeling tips to help you maximize your ROI.

Research What’s in Demand in Your Market

To create your remodeling plan you need to know what the local market expects. Are most investors doing entirely new bathrooms or modest updates? Find out what features are typical for bathrooms in your neighborhood. You don’t want to invest in high-end bathroom fixtures if every other house in the neighborhood has midrange fixtures. Your real estate agent and other local investors will know what people expect to see inside bathrooms in your community.

Stick With the Existing Floor Plan Whenever Possible

If the existing floor plan is functional, keep it. The cost of moving plumbing and wiring adds up quickly.

Repair or Update Instead of Replacing

It’s possible to update a dated bathroom without replacing everything. If the fixtures are in good condition, new faucets and a new showerhead may provide the look you want. Resurfacing a bathtub with minor stains is often far less expensive than replacing it. Instead of getting new bathroom cabinets, consider refacing them or giving them new hardware.

Choose the Paint Color with Care

Since painting is inexpensive and can transform a space, a new paint job is a must. Neutral colors have a broader appeal than trendy hues.

Make the Bathroom Memorable

Every bathroom renovation should include one unforgettable feature. For example, radiant heat floor mats are practical for bathroom remodeling in Boston. Best of all, you can add the wow factor of heated floors by buying the mats at a big box store for less than $150 each.

Don’t Neglect Tiny Details

Dirty grout and caulk can make otherwise wonderful bathroom look very unappealing. It’s worthwhile to have the grout and caulk cleaned or replaced.

Decorate with Coordinated Accessories

New bathroom accessories are inexpensive yet they can create a big visual impact. The new towels, shower curtain, bath mat, and other accessories should have complementary colors, but they don’t have to be a set.

Do you need a contractor to remodel the bathroom for your Boston investment property? R.H. Blanchard Contract & Design offers the highest quality bathroom remodeling Boston has to offer, specializing in the area for over a decade. Contact us to discuss your project.

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What Are the Best Types of Rental Property Investments for New Investors?

February 6th, 2020 |

For those who are looking for their first rental property investment, diversity in the market only serves to confuse them. There are just too many variables to the equation that leads to a successful investment. However, fret not, because we are about to show you some of the best types of property investment opportunities in the rental market. Buying a property at the right price and in the right location ensures that you’ll receive a steady stream of passive income monthly while assuming the lowest risks possible.

Single-Family Units

These homes are especially attractive to young families. A recent report by Forbes showed that single-family homebuilding rose 11 percent in December 2019, the highest ever since 2007, which was before the economic crisis.

To be more profitable, pick homes that have sound structure but require a bit of renovation. These homes will be priced much lower than the current market rate. This is to provide you with a protective cushion in case the market value takes a dive. Once renovated, this type of home can bring you steady income for years to come, provided you pick an established neighborhood that provides values to the renters.

Single-Tenant Triple-Net Properties

This type of property is perfect for investors who don’t have the time to actively manage the property. Basically, you’ll lease out your property to a single tenant. Most of the time, the tenant will be a company and they will be responsible for all expenses related to the property. The typical lease terms are from 10 to 25 years, renewable. If you have KFC, FedEx, or Ford as tenants, you’ve hit the jackpot.

Middle-Class Apartments

For those with more ample funds to invest, middle-class apartments are synonymous with security and prosperity. These apartments are often in their best conditions with little management required, and they attract well-behaved highly-educated tenants, which is a landlord’s dream come true.

To learn about the best types of property investment opportunities, contact us at R.H. Blanchard today.

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8 Tips and Tricks for Real Estate Investing

January 16th, 2020 |

Investing in real estate can be a rewarding experience if done correctly. While there are no specific guidelines that can guarantee you success, there are certain tips that will surely set you on the right path. These are real estate investing tips and tricks that have been garnered from the years of experience of professionals in the field of real estate investing.

Read on to learn more about 8 useful tips and tricks to help you in your journey of real estate investment.

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10 Tips for Your Next Multi-Family Renovation

December 19th, 2019 |

Multi-family real estate is booming. With less working-age professionals buying houses, you can rest assured that any investment you make in your space will be profitable. You know that not every investment will result in immediate cash-flow, so here are some well-researched, handy tips to keep in mind when you are considering your next multifamily renovation. R.H. Blanchard has you and your multifamily renovation covered.

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Home Renovation Projects: To DIY or Not to DIY?

December 13th, 2019 |

Your home will always need work performed to maintain or improve your quality of life. Many people are looking for a cost-effective solution when it comes to home remodeling, repair, or general upkeep of their property. One question for homeowners facing their property needs that comes up when doing a home renovation projects is “when is it appropriate to DIY or when should I hire a contractor?”

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Remodeling Boston Properties? 5 Advantages of Independent Contractors

December 5th, 2019 |

Boston is a fast-growing city, which is ready to accept new opportunities for development, attract fresh talent, and create a healthy environment for the population. Remodeling properties is an important part of the process.

A smart approach to choosing a contractor for remodeling Boston properties doesn’t just ensure the desired outcome, it saves money, time, and effort while helping you maintain tough deadlines.

One of the choices each company faces is whether to hire a local independent contractor. Let’s talk about the advantages of such a selection.

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Why to Hire Local Contractors for Historic Building Rehabilitation

November 21st, 2019 |

Property remodeling and building rehabilitation is an extensive investment, especially in the case of historic buildings. It not only requires a lot of extra care when handling old structures but also demands a certain level of dedication for the final result to be both functional and aesthetically appealing.

One of the best ways to handle the task of rehabilitation of a historic property is by hiring a local independent contractor to do your job. There are certain established benefits of this choice as discussed in detail in this article. Read on to know more. (more…)

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How to Hire a Construction Contractor

November 7th, 2019 |

Your home is probably your most valuable asset, and you’d not want poor quality construction details. Choosing a contractor based on the price only increases the chances of project failure and may result in significant costs in the long run. That’s why you should do your due diligence before engaging a contractor. Fortunately, there are many experienced construction contractors available.

All you need is to seek referrals and interview the potential hires for you to find the right one. Ensure that you sign a detailed contract before the work begins, and regularly inspect the work done. Here are the factors to consider when choosing who to hire for your construction project: (more…)

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Boston Seaport: An Apartment Construction Case Study

October 24th, 2019 |

Boston Seaport is a thriving community on the city’s famed harbor. However, as recently as 2010, most of the area was a wasteland primarily consisting of parking lots and decrepit piers. A city-led “work/live/play” initiative announced in the same year spurred the area’s development. What had been approximately 1,000 underused acres now bustles with the activity of restaurants, retail outlets, corporate offices, hotels, and parks in fulfillment of the “work” and “play” components of the initiative.
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