sometimes, too much green is wayyyy too much green...
This is one of the biggest mistakes that I?ve seen newbie Greenhabbers make.? They over-green their rehab property and wonder where all of the profits disappeared to.? With today?s tip in Green Real Estate, you are going to learn when to say ?enough is enough? because remember, we are all in business to make profits so the extent of your green rehabs must make sense financially.
Here are just a few examples of how easy it is to over-green real estate projects:
- Allowing emotions to take control and make your green decisions
- Thinking that you need to LEED certify your project to make it green
- Not taking the time to educate your contractors on your specific green goals
Allowing your emotions to take control and make your decisions is never a good idea period in real estate investing.? Maybe in your own personal home it makes sense but when you start allowing your emotions to make your investing decisions ? you start losing money quickly. Remember, you need to make smart business decisions when it comes to green real estate strategies and keeping things on a business level will allow you to make the smarter financial decision, resulting in the higher profits that green real estate provides.
Thinking that you need to LEED certify your projects just to make them green is a terrible idea for single family homes.? Do you know the time and the cost that it takes to go through the LEED certification process?? Anyways, my point here is this: keep your green real estate project as simple as possible. Find out what materials and products need to be used to bring this home up to code first and foremost and then decide what green materials and products can I swap in here.? To keep your green real estate project a smart investment, you need to really start thinking about recycling and reusing as much as possible while keeping the home as high performance and as detoxified as possible.
Not taking the time to educate your contractor on your specific green real estate goals will only hurt YOU in the long run.? Make sure that your contractor understands what you are trying to accomplish by greenhabbing a project and that you are not seeking to have the top LEED Platinum building in the city (unless of course it?s your own personal home and you are striving for this) 
?? Once your contractor understands your green real estate project goals, each and every green project should become smoother with less bumps in the road.
All in all, green real estate projects can be very rewarding but can also be very dangerous to your finances if you do not know what you are doing.? My recommendation, get educated and have your team on the same page at all times with anything green that you are doing.
So what are YOU waiting for?? Take action and join the Green Rehabbing movement ? be prepared to take your business and life to a whole new level!
Leave your comments and questions?.what you are currently working on?? I know you have some good ideas?let?s start putting them into action NOW!!
***As always, feel free to share/retweet and comment on any articles your find somewhat educational and helpful?
PS: In The Now Investments has assisted over 60 investors with their greenhab projects in the past year alone.? If you would like more info on how to ?greenhab? your own projects and save even more $$ on your green rehab, contact Ryan Burk (CEO) at Ryan@InTheNowInvestments.com
Source: http://greenhabbing101.com/green-real-estate-tip-of-the-week-dont-over-green-your-properties/
the view plantronics derrick williams klimt bloody sunday lions dental insurance
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.