Since this is going to be a sporty, baseball-themed room, I made this pennant type thing for the wall too.
I wanted to know about the mistakes that he sees people making.What are the things that people look for or do when they’re working on an income property that they think are going to really make them a lot of money, but don’t?.
I was thinking maybe people put jacuzzi tubs in and think they can charge more for rent or something like that.. Scott said that the biggest mistake people make is trying to do the work themselves.. Gasp!But DIY’s a good thing right?We all love DIY!.
Well, unless you really REALLY know what you’re doing in this situation, you can get yourself into a lot of hot water because you’re dealing with someone else’s living space here.The best bet for most people who aren’t experts, in the long run, is to stay away from trying to learn plumbing, or electrical, or tile work for the first time on your income property.
Go ahead and paint.
But leave the big things to an expert..There are a lot of other financial benefits that often come with living in a more rural setting like less traffic, less of a commute to work, lower costs on consumer goods and services.
The savings on these things alone can mean that if you’re in a couple, one of you may not need to bring in an income anymore..Create some savings.
Moving into a lower priced market often allows you to create an instant savings account for yourself through the sale of your old house.This savings is absolutely necessary.
(Editor: Automatic Air Purifiers)