Jan. 11, 2019

South Carolina Restaurant Week in Myrtle Beach

January 10 - 20, 2019 is South Carolina Restaurant Week in Myrtle Beach. 

"Restaurant Week South Carolina gives local, regional and national food lovers the opportunity to enjoy amazing values during Lunch and/or dinner at a number of participating casual and high-end South Carolina restaurants. Restaurant Week’s goal is to position South Carolina as one of the top culinary destinations in the nation by increasing awareness of the many dining opportunities available in the state, as well as stimulating business and revenue for restaurants throughout South Carolina."

Restaurant week is a great way to sample a diverse menu, from casual to elegant restaurants along the Grand Strand.

Here's a list of participating restaurants and their special menu offerings during Restaurant Week South Carolina:

You can visit the Restaurant Week South Carolina website for more information.

 

 

 

 

Dec. 19, 2018

Are You a Snowbird Heading South for the Winter?

If you're a snowbird, we don't blame you one bit for wanting to spend the winter on our sunny shores! Plenty of Myrtle Beach homeowners have a primary home somewhere else. Just make sure to prepare your home before flying the coop so you don't return to any awful surprises. Homeowners in Canada and in the Northeast, Midwest and mid-Atlantic regions risk expensive problems that can be prevented by taking basic actions before leaving.

1. Don't let your pipes freeze!

If you live where the mercury drops below freezing, it's important to keep your pipes from freezing when the temperatures dip. No matter what kind of community you live in, make sure the pipes in your home or building are properly insulated. If you're not sure, ask! Water damage from a burst pipe can lead to serious mold problems and be very expensive to repair. If you don't understand what you need to do, call a plumber and ask for advice or an evaluation. 

Double your protection by turning off the main water valve, then run each faucet to make sure the pipes are free from any water. Another tip – keep at least some heat on when you're away. While it's tempting to save on heating bills by shutting it off completely, a little bit of warmth can go a long way especially if no one is checking on your home to discover an issue early. One last tip to protect your pipes: Open cabinet doors to allow heat to more easily reach pipes inside the walls.

Make sure your house looks occupied and is secure.

Overflowing mailboxes, a stack of newspapers or packages piling up at your front door and lights that are always on or always off are dead giveaways that no one has been home for a while. Place a temporary hold on all mail and newspaper deliveries or recruit a trusted friend or neighbor to stop by every few days to retrieve your stuff and make sure everything looks okay. Let your alarm company and local police and fire departments know you’re away for an extended time. Change all your smoke detector batteries and check that your alarm system works properly before you leave, too.

Take advantage of smart home technology to play music and put lights on timers or even turn them on and off from 2,000 miles away. Random patterns of lights and sound make it seem like people are coming and going. You can make that happen through smart light switches or even Wi-Fi light bulbs! Smart home tech can allow you to see anyone who rings your doorbell, and smart security systems and keypad-controlled locks make it more difficult for people to break in. You can even control your thermostat from a distance with smart home tech, too. If you know a storm or deep freeze is coming, turn it up a few degrees to keep pipes warm. (And then turn it to your comfort level a couple of hours before you get home!)

Consider unplugging major appliances.

Some severe storms can cause power surges, which can damage your appliances, or worse, start a fire. To be on the safe side, unplug computers, TVs, coffee makers and all other major appliances. Consider emptying your fridge and freezer – leave fridge doors open so it will air out. Definitely empty your ice maker and turn it off! An extended power outage will turn it into a watery mess.

The smart tech we mentioned above does require that your internet and Wi-Fi stay on. Make sure there's a battery backup attached to those so that the system won't be disrupted in a short-term power outage. If a close friend or family member has a key (or smart door code), ask them to reboot the system and its components if there's an extended power outage.

Unplugging appliances protects them and lowers your energy bill, too. Even when they aren't in active use, appliances use small amounts of electricity. So go green, save money and protect your investment by unplugging what you can.

Plan for snow removal.

Depending on where you live, snow removal needs can be hard to plan for. Although we can pretty reliably count on heavy snowfalls in the Midwest and Canada, there are places in the mid-Atlantic region that may have a white Halloween one year and no snow until January the next. But planning for prompt snow removal when needed is important for a few reasons.

First of all, snow piling up on the driveway and walk makes it clear no one is home, and that's the last thing you want to do. Beyond that, cycles of freezing and thawing without any maintenance can cause layers of ice to build under the snow, and that will be harder to remove later. Those same cycles can also cause damage to sidewalks and driveways.

There's usually a simple solution. Either find a reliable neighbor or neighborhood kid you can pay to remove snow after each storm or pay a snow removal company to do the job. Try to find one that will only bill you for work that is done rather than a monthly fee even if the grass stays green until Christmas. If possible, ask them to check your gutters for ice blockage, too. 

Being able to escape the cold and snow for sunshine and sand is a gift...and we're happy to have you here! Take the time to make sure that the home you return to is the same one you left.

 

 

Dec. 13, 2018

How to Handle All Those Falling Leaves

The weather is cooling and it's that magical time of the year. No, not that magical time. We're talking about the time of year when the leaves of thousands of trees change color and fall to the ground covering lawns, footpaths, gutters, and driveways all along the Grand Strand. Myrtle Beach is well-known for its beautiful beaches, but we also have a ton of gorgeous oak ( and other) trees which means unless you're living in an oceanfront condo, there is some leaf maintenance to be addressed every year.

Some people deal with the leaves by scooping them up to use on their gardens; others cart them away or rake them into the street or gutter for the city handle.


Let's take a look at some of the do's and don’ts of handling your fallen leaves this winter/fall.


Check Your Local Laws - All counties and cities differ when it comes to disposing of your leaves. It is very important to become familiar with your local regulations, which will save you both time and any potential aggravations. Also, this may allow you to manipulate the current policies to your advantage.

 

PLEASE Do Not Burn Your Leaves - Not only is this illegal in most states, but it can also be very harmful to the environment. It will also be damaging to your health if the smoke is ingested.

 

PLEASE Do Not Put Leaves in the Street - This is a common practice for homeowners to avoid damaging their tree lawn. However, the leaves inevitably end up in road drains, which end up in waterways and restricts the sunlight that produces the oxygen that aquatic life needs to survive.

 

You may be able to avoid raking - If you have some problematic patches of grass on your lawn, it may be more beneficial to “leave” it covered with leaves. Decomposing leaves act as a great nutrient that will bring that unsightly spot back to life which brings us to our next point.

It's Free Mulch! - Not only will it help your grass grow but also can be used to help flowerbeds. Around 70% of leaf plants extract, which makes it an affordable and effective resource to aid your garden.

 

Compost Pile - Your leaves can be added to your compost pile or can be a great kick-off point to start to one. Composts one of the best solutions to help combat waste and can be used to help make your landscaping FLOURISH come spring.

 

Keep Off Hard Surfaces - Leaves incredible decomposing properties can be a problem if in the wrong place. The sap, pollen, and acid from leaves can stain and damage the paint finish on your car, especially if the leaves are wet.

 

Dec. 6, 2018

Where to Find the Perfect Christmas Tree on the Grand Strand

It's the most wonderful time of the year! If you haven't yet decked your halls, and are looking for a special place to find the perfect Christmas tree, check out our list of the top spots around the Grand Strand.

 

Booths Christmas Tree Farm

5268 Adrian Highway, Conway, SC 29526

A variety of cut your own trees (saw provided), pre-cut fraser firs, wreaths, garland and more. Hayrides and other activities on the weekends.

 

Cabana Christmas Trees

10615 Ocean Highway, Pawleys Island, SC 29585

A good variety of trees, fresh wreaths, and garlands.

 

Snowy Branch Farms 

512 Carson Avenue, Murrells Inlet

Frasier firs from NC, wreaths, and other decor. Free coffee and hot chocolate.

Free delivery available.

 

Goodman's Tree Farm

Inlet Square Mall, Murrells Inlet

Fraser fir and white pine Christmas trees.

 

Marlowe's Christmas Tree Lot

4801 South Kings Highway, Myrtle Beach

Fraser firs that are cut and delivered weekly from North Carolina.

Nov. 27, 2018

7 Simple Steps to Get Your Home Ready For Holiday Guests

Hosting friends or family for the Holidays can cause a little anxiety during an already potentially stressful time. You want your home to be welcoming and you want your guests to feel comfortable...but you also want time to relax yourself!

These 7 tips will help you focus on what's necessary to get your home ready:

#1 Declutter

The day before guests arrive is not the time to try to organize junk drawers and clean out linen closets.

Declutter your guest rooms and main areas of your home — foyer, kitchen, living room, den, and dining room. Remove unnecessary items from countertops, coffee tables, and ottomans; if it's out of sight, keep it out of mind, for now.

If you run short of time, bag up the clutter and store it in car trunks, basements, and out-of-the-way closets. Don't get caught up in sorting through everything now...sort and arrange after your guests leave.

#2 Add Night Lights

Even though you can navigate your home blindfolded, your guests can't. Make sure outside lights are working so they don't trip on the way to your door. Put motion-activated night lights in hallways, bathrooms, and bedrooms to ensure safe passage after the sun sets.

#3 Make Space in the Entryway

Your home's foyer is the first place guests see, so make a good first impression.

Place a small rug or welcome mat at the entrance to protect floors from mud and snow. 

Clear out shoes, umbrellas, and other clutter.

Free up room in your coat closet, or add extra hooks to walls or a coat tree so guests can hang coats and hats.

Add a bench where guests can remove boots and shoes.

#4 Add a Coffee Station and Extra Stools

Your kitchen is command central during the holidays, so make sure it's clean and ready for guests and extra helpers.

If possible, move your coffee station into the dining room or a family room so guests don't crowd the kitchen when you're trying to fix meals.

If you like to visit while you're cooking, place extra stools and chairs around the perimeter of your kitchen so guests can set a spell.

#5 Create Extra Sleeping Space

If you've got a guest room, make sure guests have a fan...either a ceiling fan or a standalone so they can customize their room temperature without fiddling with the thermostat for the entire house. 

To carve sleeping space out of public areas, buy a folding screen or rolling bookcase, which will provide privacy for sleepers. Fold or roll it away in the morning.

#6 Make Extra Bathroom Supplies Easy to Find

Bring toilet paper, towels, and toiletries out of hiding, and place them on open shelves so guests can find them easily.

If you don't have enough wall space for shelves, place these items in open baskets around the bathroom.

Also, outfit each toilet with a plunger (to avoid embarrassment).

#7 Have Extra Wrapping Supplies on Hand

There's always a last minute gift that pops up and guests usually don't travel with wrapping paper. Have a few supplies on hand so your guests can easily access and use it if needed!

If you're in the market for a new home for the holidays, take a look at our BRG Featured Listings! We've definitely got something for everyone!

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Nov. 19, 2018

3 Great Kitchens for Cooking A Holiday Meal!

They say the kitchen is the heart of the home and whether your perfect holiday meal includes days of prepping and cooking, or heating up take-out, we've got a kitchen that fits the bill! Take a look at these 3 favorites and let us know what your perfect kitchen would look like.

 

 

The kitchen in this Tidewater Plantation was built for entertaining. Warm cabinetry and countertops, lots of storage space,  and a beautiful island all open to the family room complete with shiplap and space for a large tv so you don't miss a minute of football...or parades!

1225 Tidewater Dr. Unit 2511, North Myrtle Beach | 3 BD 3 BA | Listed by Jim Hullihen

 

 

Who wouldn't enjoy cooking in this beautiful, all white custom kitchen with huge granite bar and upgraded appliances? This home has a beautiful open floor plan perfect for family time and entertaining, gorgeous, modern colors, beautiful fixtures, and those coffered ceilings...plus it's brand new! 

605 Carsten Court, Myrtle Beach | 4 BD 3 BA | Listed by Chris Koppel

 

 

We're not gonna lie, this kitchen might seem a little small for a huge, full course, traditional holiday meal...but with these views, is anyone going to really notice? Stainless appliances, granite countertops and panoramic views make this a dream no matter what you're cooking!

107 S Ocean Blvd. Unit 908, Myrtle Beach | 2 BD 2 BA | Listed by Jeff Casterline

Everybody's idea of the perfect kitchen looks different! Whatever your dream holiday kitchen entails, we can help you find it. Call us and let us help make your dreams come true! 843.883.6600

 

Nov. 18, 2018

BRG Gratitude Project

BRG Gratitude Project - Day 1

 

BRG Gratitude Project - Day 2

 

 

BRG Gratitude Project - Day 3

 

 

BRG Gratitude Project - Day 4

 

 

BRG Gratitude Project - Day 5

 

 

BRG Gratitude Project - Bloopers

 

Oct. 31, 2018

Buying an Oceanfront Condo - Part 4

Important Questions to ask the HOA when buying an Oceanfront Condo:

1.  What are the monthly HOA dues? What do they include? Are they charged monthly or quarterly?

NOTE: Many rental machine buildings have started including the HO6 (contents and liability) insurance in the HOA dues.  If not included, HO6 usually runs around $400-450/year for basic coverage (which is $10,000 in furnishings, fixtures, and appliances replacement and $300,000 in liability coverage, which is usually what most rental management companies want you to have).    

Also, landline telephone service is usually an extra charge on top of the HOA fee since the telephone is operated by an outside carrier. The charge is static each month and has long-distance and 1-900 call blocks on them. This service is only for local calls and to the front desk. Charges range between $20-28/month for most resorts.     

2.  Are there any special assessments in place? If so, what is the assessment paying for, how long does it last, and what is the dollar amount of the assessment?       

NOTE: Associations typically charge special assessments only when absolutely needed, such as for building repairs, hurricane damage, or if there is a shortage for the building’s insurance coverage.   These assessments are typically charged over a span of time in installment payments so the burden is as light as possible for each condo owner. You'll need to take into account the amount of the assessment and use that during negotiations when your are making an offer.

3.  Are there are any lawsuits in place? Occasionally there are lawsuits between the HOA and another party(ies). Typically, it's construction-defect litigation between an HOA and the original developer. You have to ask about lawsuits since construction-defect CAN have an effect with obtaining financing.  Not all lenders will lend on a project with construction-defect litigation in place as they see that as taking on too much risk.  However, some of your local lenders here in Myrtle Beach, such as CresCom Bank and South State Bank among others, will still finance in a project with construction-defect litigation as long as the lender knows about the litigation and feels it's not a serious threat. For example, at Magnolia Pointe condos built from 2000-2006, they had construction defect litigation but it was for all minor issues so local lenders had no problem providing financing for buyers in this complex.

4.  Are pets allowed for owners, their guests, or renters?  This is a big one since many buyers want to be able to bring their pets with them when they buy an Oceanfront Condo.   Unfortunately, there is no universal list of buildings that do and do not allow pets.  You have to call the property management company and ask them if owners, guests, and/or renters are allowed to have pets.   If they say "yes," then you have to ask if there are any BREED or WEIGHT restrictions.  Some buildings will allow owners to have pets but only under 40 pounds.  Or they might say "no vicious breeds such as Pit Bulls, Rottweilers, or Dobermans." Some HOA's say owners are allowed pets "with Board of Director's approval." And while some Oceanfront buildings, including some rental machine buildings, DO allow owners to have pets. Almost ALL Oceanfront buildings do NOT allow renters to have pets.  A few, such as Sea Mist Resort, have a couple of buildings designated as "pet-friendly" for renters, but these types of buildings are few-and-far between.   

5.  Are motorcycles allowed on the property? Another important question since many owners want to be able to bring or ride their motorcycle to their Oceanfront resort here in Myrtle Beach. Some buildings allow them, others do not. Again, it's a "building-specific" question so you have to ask the property management company and make certain you have clarification if this is important to you.  If in doubt regarding motorcycles OR pets, you can also check the Master Deed or Rules and Regulations for the building.  

6.  Is the building a "Right of First Refusal" building?  You typically only see this in the newer Oceanfront Resorts built from 1997-2009.   During that time-frame, many developers put language in their master deeds stating that the developer has the "right of first refusal" on all sales in a building.   So, when you decide to sell your condo in one of these buildings, either you or your closing attorney will need to get this form from the property management company, fill it out, and send it to the developer.  It will state the purchase price and unit # being sold along with the closing date.  The developer then has 10 days to exercise their "right" or not.  If they DO exercise their right, then the developer steps in and purchases the condo for the same price as your contract. The only person who loses out is the buyer, who then has to go find another condo to buy.  This option was being exercised during the boom years of 2004-2006 by developers who wanted to purchase the condos and keep them on their rental program and/or "flip" them since market prices were going up so quickly.  In today's market, it's mainly being used sparingly to keep the condos on the onsite rental program since the original developers in many resorts still own the front desk rental program.   We've seen "right of first refusal" exercised recently in Grande Shores and Camelot By The Sea.  However, if your buyer is planning on keeping the condo with the onsite rental program, the developer may waive their "right" and allow the buyer to purchase it as long as the buyer signs a rental agreement for “X” number of years (typically 1-3 years). 

Some of the buildings with Right of First Refusal include:   Anderson Ocean Club; Avista; Camelot By The Sea; Grand Atlantic; Grand Shores; Ocean Reef Resort; Prince Resort; Roxanne Towers;  and Sands Beach Club.  There are others so always call the property management company to confirm.

 

Oct. 24, 2018

Buying a Myrtle Beach Oceanfront Condo - Part 3

In Part 3 of our Oceanfront Condo series, we're going to breakdown the different floorplans available in the Myrtle Beach area. There are a lot of options and a lot of things to consider as you move forward. Mark Loomis, one of our BRG Oceanfront Condo experts has broken them down for you here: 

1 BEDROOM OCEANFRONT CONDOS IN MYRTLE BEACH:   

For the most part, you have two different styles of 1 bedroom condos here, you have either the "Shotgun" style floor plan OR the Deluxe floor plan.   Approx. 90% of all Oceanfront 1 BR condos in the myrtle beach area are the "shotgun" style floor plan, which is where you enter the condo, walk into the bedroom, then there's a hallway with a galley kitchen on one side and a full bathroom opposite. The living room is normally the portion of the condo that is Oceanfront.   Most living rooms have either a sleeper sofa or a murphy bed.  Most shotgun 1 Bedroom units have 2 double beds and then either the murphy bed or sleeper sofa giving you space to sleep 4-6 people in a 1 Bedroom.  Some shotgun 1 Bedroom units feature a king bed instead of 2 double beds.  If you are looking at your Oceanfront Condo as an investment, the "king bed suites" typically rent for slightly more money than the double bed suites since most 1 Bedroom units are rented by couples or small families. 

For example, at Caribbean I resort, the king bed suites grossed around $34-35K onsite in 2017 while the double bed suites grossed approximately $29-31K onsite in 2017.    

Deluxe 1 Bedroom condos are typically only found in the newer buildings such as Anderson Ocean ClubRoxanne TowersAvista, Prince Resort, Bayview Resort, Oceans One, and Sandy Beach Resort II; however, some older buildings DO have them, such as Patricia Grand and Breakers Boutique.    

As we've mentioned in previous series, the decision is truly based on how much personal usage you truly want.   Are you more concerned with finding a vacation home to suit you and your family's needs?  Or are you more concerned with the rental income?  Typically, renters don't care about the shotgun versus deluxe floor plan. They just want to vacation at the beach!at is simply a feature that a buyer might want.  

Finally, keep in mind that regardless of the style, most 1 bedroom condos do not have an oceanfront bedroom. There are only a few in the area that that feature an oceanfront bedroom in a 1 Bedroom condo...Patricia Grand and Breakers Boutique are one of the few that have this feature. So if your dream condo includes lying in bed and looking at the ocean, you may need to look at the larger condos. 

2 BEDROOM OCEANFRONT CONDOS IN MYRTLE BEACH:

Once again, there are basically 2 layouts for 2 Bedroom Oceanfront condos, the "single bay" layout and the "double bay" layout. Single-bay means that only the living room bay is the OCEANFRONT part of the condo with both bedrooms in the rear of the condo.  This floor plan will look like an inverted "T" on paper.  Double-bay means that the living room AND the master bedroom both face the ocean with only the 2nd bedroom in the rear of the condo. Many buildings in the Myrtle Beach area feature both floor plans. 

Avista Resort in NMB; Atlantica I, II, and III;  The Horizon on 77th; Caribbean II; Dunes Village Resort II; Ocean Creek Tower North; and Sandy Beach II all have both single bay and double bay floorplans.  

One interesting thing to note is that although double-bay 2 bedrooms typically sell for a bit more money in any resort, the actual rental income doesn't vary that much. So again, if you're primarily looking for a rental unit, this is something to keep in mind. 

Additionally, there are a few buildings with 2 BR / 2 BA lockout condos, which is where you have a large 1 BR / 1 BA condo with an adjoining door to an efficiency / 1 BA condo.  It can be rented together as a 2/2 condo or separately.  Owners who rent out this type of unit will receive 2 rental checks per month – 1 for each unit.   

         Some notable buildings with 2 bedroom lock-out units include:  Bayview Resort, Breakers Boutique, Sands Ocean Club, Seawatch North Tower.

 3 BEDROOM OCEANFRONT CONDOS IN MYRTLE BEACH: 

One of the main things to remember in regards to 3 bedroom oceanfront condos in Myrtle Beach is that some of the older buildings will have all 3 bedrooms in the rear of the condo with no oceanfront master suite.  These buildings include: Arcadian I and II (certain floor plans); Ocean Sails; and a few buildings near the Cherry Grove point.   Other than thee, almost all 3 Bedroom Oceanfront Condos along the Grand Strand will have at least the master suite facing the ocean.  There are also a couple of buildings that have 2 or more bedrooms in a 3 bedroom floorplan that will face the ocean, notably Prince Resort I and Breakers Boutique.   

Just like with 2 bedroom units, there are also 3 bedroom lockout condos available. In this case, you have doors separating the condos so they can be rented either together as one large 3 bedroom or oftentimes as a 1 Bedroom Unit with 2 Efficiency Units. 

Bayview Resort has a 3/3 lockout that consist of a 2/2 with an efficiency / 1 BA condo.  Breakers Boutique has a 3/3 lockout that is a large 1 BR/1 BA with 2 efficiencies and 2 baths.  

OCEANFRONT EFFICIENCIES IN MYRTLE BEACH: 

These are your typical "Hotel rooms."  You enter into the condo and you're right in the kitchen area that is open to the bedroom / living area.  The only area with a door is the bathroom.  Some efficiencies will have a small kitchenette (mini-fridge, microwave, and sink) while others will not.    

4 OR MORE BEDROOM OCEANFRONT CONDOS IN MYRTLE BEACH:  

Most of your 4 bedroom or larger Oceanfront Condos will be found in North Myrtle Beach and they are typically in your more PRIMARY HOME or 2ND HOME style buildings.  Most "rental machine" buildings don't have these larger condos.  However, a few do, such as Ocean Reef Resort, Caribbean II, Beach Colony, Dunes Village, Grand Atlantic, North Beach Plantation, and Paradise Resort (4/3 lockout). 

As you can see, there are a ton of options for Oceanfront Condos along the beautiful beaches of the Grand Strand!

Call us to speak with an Oceanfront Expert and let's find the perfect property for your needs. 843.883.6600

 

 

 

 

 

Oct. 16, 2018

Buying a Fixer Upper: 5 Things To Check Before You Buy

Real estate has long been considered one of the best investments you can make. And, even after the housing market ups and downs in the last several years along with rising interest rates, real estate can still be one of the best ways for investors to make money.

Of course, some of the largest profit margins come in the form of "fixer-uppers." The key is to be able to identify a viable fixer-upper rather than a money pit. A fixer-upper needs to be profitable after the cost of the home and all of the repairs are deducted. This isn't always easy to determine in advance, but there are some things you can do to improve your odds of finding a literal diamond in the rough. Because of the number of people constantly moving to our area, along with the number of vacationers, the Myrtle Beach area offers a number of homes and condos for sale that make excellent real estate investments.

According to Home.com, here are five major things that you need to inspect before you make a deal.

#1:  Roof

A standard shingle roof only lasts about 15 to 20 years. With a roof replacement on a standard-sized ranch home costing as high as $8,400, this is a substantial expense if the property you purchase needs a new roof. In fact, barring any structural problems, a new roof is most likely going to be the most expensive project you’ll have to take on if you want to be able to flip your fixer-upper.

#2: Heating, Ventilation, and Air Conditioning

Next to the roof, replacing a home’s HVAC system is the single most expensive item you’ll have to deal with. Depending on the size of the system and the type of equipment you purchase, you could be easily looking at $8,000 to replace an HVAC system.

Most fixer-uppers are either going to need their systems replaced or overhauled to some degree to make them safe and up-to-code. In older homes with no previous heating and cooling systems, entirely new systems including duct-work will need to be installed if you have any hopes of being able to sell.

#3: Foundation

The foundation is what the home stands on, so it's essential for it to be checked, and checked thoroughly. If the foundation has cracks or looks like it is sinking, then you're looking at major repair investments. But not all foundation problems are found outside the home. Other signs include uneven floors, gaps around window frames or doors, doors that stick or won't close properly, and cracks in the basement walls.

#4: Electrical System

If you want to sell your fixer-upper of an investment property for a profit, then it needs to be able to handle the electrical demand of a modern family. Any old or outdated equipment will need to be replaced, and everything will need to be brought up to code. In many cases, the panel box will need to be updated and extra circuits added throughout the home to bring it up-to-date with today's technology needs.

#5: Plumbing

If the investment property you're interested in has been sitting empty for some time, then there will no doubt be problems with its plumbing system. Plumbing pipes last longer when they’re being used, and when they aren't used for a lengthy amount of time, they can become dry, brittle, and more likely to develop leaks. In some cases, the only option is to tear open the walls and replace all the pipes and fixtures to ensure a safe, water-tight system.

Additional Concerns and Considerations

There are a lot of things that might be wrong with a home that can increase the financial commitment just to get it in shape for selling. Other things you should look for or consider when planning to invest include:

Insect or pest infestations, Property Location, Water Damage, Mold, Dry Rot, and Asbestos.

While it's every investor's goal to sell an investment property after fixing it up, there are instances where a home still won't sell. So, if you want to be a real estate investor, you need to have a plan B, in case your plan A, selling the property, doesn't work out.

You'll want to ensure that the home you invest in can still turn an eventual profit if you are forced to rent it out, instead of selling it quickly. Your profit will take longer to accrue this way, but at least you won't be sidelined with a second mortgage if you can get a renter in at the right price.

At BRG, we have several Agents who are also experienced Property Investors. These experts can guide you and help you make informed decisions as you step into the world of Real Estate Investor.

Call us for more information! 843.883.6600