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INVESTMENT STRATEGY

Design Your IRA for Financial Freedom

OPERATIONS

Budgeting for a Fix-and-Flip Home Design

FEATURE

FUNDING

The New Paradigm for Getting Approved

The Power of Plants

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PUBLISHER & CEO Eddie Wilson

MANAGING EDITOR Carmen Fields

FULFILLMENT COORDINATOR Blair Pierce

DESIGNER David Rodriguez

CONTRIBUTORS Luke Babich Lorraine Beato Tara Bogard Merrill Chandler CV3

Austin Gardiner Andresa Guidelli Kate Haubrich David Jacobs Ava Johns Kiavi Kim Landano Taylor Miller Damon Riehl Peter Rodriguez Jeff Roth John V. Santilli

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4 | think realty magazine :: may – june 2024

LETTER FROM THE EDITOR

Design Trends You Can Bank On D esign can be an intimidating yet exciting facet of real estate. It allows creativity and personality to shine through. Importantly, well-exe- cuted current designs can help investors maximize their ROI. Given the added focus being placed on design, we are seeing how strategic and intentional design can shape the way we work, live, and play. Design can transform spaces into communities that add value to their prospective residents. Here are a few emerging trends to think about incorporating into your investing strategy: 1. SUSTAINABLE AND ECO-CONSCIOUS DESIGN PRACTICES. Incorporating sustainable design elements such as energy-efficient appliances, solar panels, and green building can attract environmentally conscious tenants and buyers while reducing operating costs. 2. SMART HOME TECHNOLOGY. Smart home technology continues to revolutionize the real estate industry. Smart home systems such as smart thermostats, security systems, and automated controls are adding convenience and energy efficiency while appealing to tech-savvy renters and homeowners. Technology also now provides virtual tours that allow potential buyers and renters to view more properties and narrow down the ones they want to see in person. 3. OUTDOOR LIVING SPACES. Outdoor living is one of my favorite design trends. Connecting your inside space to your outside space creates a larger living area. In urban areas, investors are incorporating rooftop gardens, courtyards, and balconies to increase the living area. 4. INCREASE IN CO-LIVING AND COWORKING SPACES. Even though COVID is behind us, its presence did impact how and where we work. The home office is here to stay, and remote work has proven to be conducive to productivity and beneficial quality of life. Keep this in mind when designing the layout of properties. Over time, I expect to see the home office become a staple rather than a design trend in real estate. Design in real estate is all about creating spaces that foster community and give it a sense of “home,” whether in urban areas with multiple families making up the community, a work community, or your family community. Design is the one component that allows you to take a blank canvas and incorporate your personality. Pay attention to what may appeal to your potential clients and add value by using design trends that pique their interest and check the boxes of their wants and needs. •

CARMEN FIELDS MANAGING EDITOR

thinkrealty.com | 5

OPERATIONS: VALUE INSIDE THIS ISSUE

The Power of Plants BY BRINGING THE BEAUTY OF NATURE INDOORS, YOU CAN HELP POTENTIAL BUYERS CONNECT TO YOUR INVESTMENT PROPERTY. FEATURE PAGE 18

MICHELE VAN DER VEEN

6 | think realty magazine :: may – june 2024

C O N T E N T S

DESIGN Stage Your Listing to Attract Quality Tenants Strategic virtual staging can help you transform your rental listings into irresistible homes that appeal to top-tier tenants. Ava Johns PAGE 8 The Pros and Cons of Refacing Cabinets When the Budget Is Tight

FUNDING

Mortgage Brokers Add Value to Constructive Capital’s Business

Learn about the pivotal role mortgage brokers play in enhancing operations and fostering efficient, trust- based connections between lenders and borrowers. Kim Landano PAGE 54

Building Wealth with BRRRR: Why Your Lender Matters A lender who understands the BRRRR method can help you navigate the process with more confidence, potentially secure better loan terms, and achieve your goals more quickly. CV3 PAGE 38 For real estate investors seeking the lowest-cost financing and funding in the New Paradigm, knowledge of the new rules is key. Merrill Chandler PAGE 40 Demystifying the Math: The Smart Investor’s Guide to Rental Portfolio Consolidating your rental properties into one portfolio loan can unlock savings and simplify your investment strategy. Kiavi PAGE 44 The New Paradigm for Getting Approved

Design Your Day to Win The 10 “commandments,” or disciplines, for designing a successful day. Jeff Roth PAGE 56

As budgets have tightened over the last few years, cabinet refacing has begun to grow in popularity. Kate Haubrich PAGE 10

Unlocking Innovation: The Role of Business Operating Systems A business operating system is crucial for growing a successful real estate investment business. Jim Tannehill PAGE 58 The Confidence Gap: How Women Can Take Control of Their Financial Futures Here are 10 actions steps you can take now to assume financial control. Andresa Guidelli PAGE 60 Designing Winning Investments for Top-Producing Real Estate Agents To be successful investing in real estate syndications requires no small amount of skill and savviness. Neil Timmins PAGE 64 What to Look for in a Property Management Company Make sure the company you hire can meet the demands of property management 24/7. Real Property Management PAGE 66

Trends in Home Design for 2024: A Colorful and Romantic Renaissance From vibrant colors to romantic flourishes, 2024 design trends invite us to rediscover the joy of living amid artistry and elegance. Lorraine Beato PAGE 12 Blending Modern and Classic Design Elements Knowing how to combine various elements creates timeless and affordable interiors. Luke Babich PAGE 16 Designing Reuse: Shipping Containers An innovative resuse approach involves repurposing shipping containers into homes and commercial structures. Peter Rodriguez PAGE 24

INVESTMENT STRATEGY

Design Your IRA for Financial Freedom Don’t let traditional IRA limitations hold you back. explore the power of self-directed investing today to design your financial future! Tara Bogard PAGE 46

OPERATIONS Progress Payment Submittal Requirements Managing the disbursement of funds is the key to ensuring a construction project is completed within budget. David Jacobs PAGE 50

8 Ways Investors Can Use Backyard Design to Drive ROI Creating an optimized and functional backyard can significantly enhance the appeal and value of a property. Austin Gardiner PAGE 28 FUNDING Top 10 Tips for Negotiating the Best Real Estate Deals An article series on navigating the private lending world Damon Riehl PAGE 32

How to Effectively Use AI in Your Marketing

The synergy between AI and human expertise is emerging as a cornerstone of effective marketing. Skyler Wilson PAGE 68

Budgeting for a Fix-and- Flip Home Design

Save Money with Value Engineering Value engineering empowers developers

Creating and managing a budget for your fix-and- flip real estate investment home design is crucial for maximizing your return on investment. John V. Santilli PAGE 70

to maximize savings and achieve success in construction projects. Taylor Miller PAGE 52

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DESIGN: STAGING

SPONSORED CONTENT

Stage Your Listing to Attract Quality Tenants STRATEGIC VIRTUAL STAGING CAN HELP YOU TRANSFORM YOUR RENTAL LISTINGS INTO IRRESISTIBLE HOMES THAT APPEAL TO TOP-TIER TENANTS.

AVA JOHNS

T he best way to maintain a steady cash flow is to fill your rental with high-quality tenants as soon as you receive a notice of vacancy. In 2024, the best and quickest way to get in front of applicants is to market your property online. You should list your property across popular online platforms, but make sure you portray it in the best light—literally. The best way to capture the unique beauty of your rental is through strategic virtual staging; however, virtual staging is often an overlooked aspect of real estate marketing. Which rental will a tenant most likely apply for? Will they be enticed by a rental with poorly lit photos, discombobulated

rooms, and no unique character or amenities? Or will they apply to the rental with high-quality photos featuring wide angles, optimal lighting, and the best amenities of the property? They’ll likely apply to the latter. So how can you best stage your property? USE HIGH-QUALITY PHOTOS Make sure your photos are clear, properly sized, and of the best quality possible. A smartphone or digital camera can work perfectly here. Take your photos from a wide angle to capture the full size of each room in your rental. Don’t leave out key details such as high ceilings, windows, and closets. Open all the blinds and turn

on all the lights in your rental for the best quality images and to convey a bright, inviting atmosphere to potential tenants. If you don’t feel confident about your photography skills, consider hiring a professional to showcase your rental in the best light possible. The average cost of a real estate photographer is $150-$200 per hour. CLEAN AND DECLUTTER Remove any personal items and excess clutter from your rental before taking photos of each space. Consider hiring a professional cleaning service to ensure your rental looks move-in ready to prospective tenants. A clean rental

8 | think realty magazine :: may - june 2024

also makes a good first impression and gives a tenant an idea of the care you put into their potential home. HIGHLIGHT KEY FEATURES Each property is unique, so don’t leave out your rental’s best features! A beautiful view, nearby pool, fireplace, balconies, hardwood floors, unique tile, and large windows are all examples of features that absolutely should be highlighted in your virtual property listing. If you own a multiunit property, make sure to

take photos of any common areas and third spaces tenants can spend time in.

to complement the main rooms. Doing so can help your tenants imagine how they might use each space in the rental with their own furniture. Add small details such as fresh flowers, plants, decorative pillows, or tasteful artwork to give your property personality. NEXT STEPS Now that you have a beautifully staged rental, upload your listing to TurboTenant. They’ll market your property online to more than 50 popular listing platforms such as Apartments.com, Apartment List, Redfin, and more. Advertising with TurboTenant is free, and each landlord averages 28 leads per listing. The essence of effective real estate marketing lies in presenting your property in its finest form. Emphasizing cleanliness, decluttering, and showcasing your property’s unique features via high-quality, well-lit photos can significantly elevate your rental’s appeal, ensuring it stands out in a competitive market and attracts top-quality tenants. •

FURNISH AND ADD DETAILS (OPTIONAL)

Furnishing your property and adding nice details is not essential to attracting great tenants, but it can definitely add some life and value to your rental listing. If you want to upgrade your listing and are feeling creative, invest in some neutral and timeless furniture

AVA JOHNS

Ava Johns is the digital marketing specialist at TurboTenant, where she manages outreach efforts and the affiliate partnership program. She also coordinates TurboTenant’s presence at events across the country and writes content to educate rental property owners. Before joining TurboTenant, Johns managed communications for the Veterinary Technician Association in Colorado.

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DESIGN: CABINET REFACING

The Pros and Cons of Refacing Cabinets When the Budget Is Tight AS BUDGETS HAVE TIGHTENED OVER THE LAST FEW YEARS, CABINET REFACING HAS BEGUN TO GROW IN POPULARITY.

KATE HAUBRICH

N ot long ago, the idea of refacing a cabinet seemed almost like a custom project—something to be pursued only if you were looking for a unique style or color you couldn’t find in standard cabinets. But as budgets tightened, the appeal of refacing grew. On average, refacing can cost about half of what standard boxed cabinets cost. What was once seen as a tedious project is now seen as a “cheat code” to completing a quality kitchen renovation on a dime. But there are still some caveats to consider before you cancel that cabinet order; refacing doesn’t work for every project.

WHAT IS REFACING? Simply put, “refacing” is replacing the cabinet door and drawer fronts. The replacement doors and drawers are custom-made to order so they match the exact sizes you need. The sky is the limit for the colors, shapes, and styles you can order. Refacing kits even include matching paint in case you need to match your cabinet color to the next color you choose for the fronts. For example, if you’re going from a white cabinet to sage green doors and drawers, you’ll want to paint the face frame to match.

There are a few things to consider before you start a refacing project. The most important thing to review is the condi- tion of the existing cabinet carcasses. If there’s been any water damage, then refacing is an immediate no. Likewise, if your cabinets are cheaply made with a material such as particle board, they’re probably not worth refacing. The ideal situation for refacing is to have a great wooden cabinet (even if it’s more than 20 years old!) with an old-fashioned look and feel that you can give a facelift. Also consider the other features of your renovation. If you’re ripping up all the flooring, and removing the countertops, keep the cabinet carcasses in mind.

PROS AND CONS If refacing is so great, why doesn’t everyone do it?

10 | think realty magazine :: may - june 2024

It might be worth choosing boxed cabinets if trying to preserve the existing cabinets will slow down or hinder the renovation. Here are the pros and cons of refacing: REFACING PROS: ▷ ABOUT HALF THE COST OF BOXED CABINETS ▷ ENVIRONMENTALLY FRIENDLY ▷ MINIMALLY INVASIVE RENOVATION (A NEW LOOK AND FEEL WITHOUT ALL THE DUST) ▷ QUICK TURNAROUND REFACING CONS: ▷ DELICATE HANDIWORK COMPARED TO INSTALLING PREMADE BOXED CABINETS (REQUIRES PAINTING FACE FRAMES, INSTALLING HINGES, LINING UP DRAWER FRONTS) ▷ NOT AN OPTION IF YOU’RE CHANGING THE LAYOUT OF

THE EXISTING KITCHEN OR THE EXISTING CABINET CARCASSES ARE OF POOR QUALITY

Happy renovating! •

KATE HAUBRICH

Kate Haubrich is the director of marketing at MFS Supply. During the past seven years, she has run e-commerce, product management, and data analysis in addition to her standard marketing responsibilities.

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DESIGN: COLORS

Trends in Home Design for 2024 A Colorful and Romantic Renaissance FROM VIBRANT COLORS TO ROMANTIC FLOURISHES, 2024 DESIGN TRENDS INVITE US TO REDISCOVER THE JOY OF LIVING AMID ARTISTRY AND ELEGANCE.

LORRAINE BEATO

A s we settle into 2024, the world of interior design is witnessing a vibrant shift. Gone are the days of subdued grays; this year heralds a resurgence of warmth and romance in home decor. From offbeat colors to a fusion of time periods, let’s explore the exciting trends that promise to redefine our living spaces. COLORFUL CHRONICLES Soft peach and apricot hues reign supreme in the color forecasts for 2024. Pantone’s declaration of Peach Fuzz as the color of the year sets the tone for modern elegance and warmth. Designer Court- ney Brannan emphasizes the versatility of peach and turquoise tones, noting their ability to evoke tropical vibes while maintaining a neutral appeal. Addition- ally, Pinterest Predicts 2024 hints at a surrealistic trend with chrome, steel, and aluminum dominating the scene, offering gleaming surfaces reminiscent of liquid mercury. Amid this chromatic evolution, hues like ochre, tan, and taupe are reclaiming their place in bedroom and dining room palettes, promising a cozy yet sophisticated ambiance. METALLIC MARVELS The metallic landscape of 2024 sees a shift toward bright aluminum and silver, marking a departure from the

12 | think realty magazine :: may - june 2024

dominance of gold and black in previ- ous years. Rob Natale, chief of design at Sixpenny, attributes this change to a collective desire to reintroduce color into interiors after a prolonged era of neutrals. Jewel tones emerge as frontrunners, infusing spaces with velvety mystery and richness. This return to color is not merely a visual spectacle but a testament to a renewed appreciation for the essence of design. EMBRACING ROMANTICISM Romanticism finds its place in the heart of 2024 design trends, tran- scending clichés to embody sensuality and nostalgia. From vibrant florals to delicate lace, this resurgence of romance offers a reprieve from the relentless march of technology. Maximalist florals bloom across textiles, infusing spaces with whimsy and delight. Beyond aesthetics, the romantic moment celebrates love, nostalgia, and the simple pleasures of life, fostering a deeper connection to our surroundings. INNOVATIVE ADDITIONS As homeowners seek to elevate their living spaces, innovative additions take center stage. Secondary spaces like back kitchens and butler’s pantries emerge as extensions of the main kitchen, offering functionality without compromising style. Zellige tiles capture attention with their handcrafted allure, adding depth and texture to kitchens, bathrooms, and beyond. Zellige (pronounced zell-idge) originated in Morocco and is a process in which handcrafted tiles are made from a special blend of local clay. The tiles are then glazed and fired, which creates a surface with irregularities that give each tile a distinct look. These tiles continue to please both designers and homeowners. The

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DESIGN: COLORS

handcrafted appeal of these beauties adds texture, charm, and architectural interest to spaces. Whether they are used in a kitchen backsplash, flooring, or bathrooms, these tiles add a touch of glamour to any space. A GLIMPSE OF THE PAST Architectural elements like arches are making a nostalgic comeback, infusing spaces with Old-World charm and sophistication. Arches historically have been a strong architectural element. In addition to giving rooms Old-World charm, they frame important spaces in a home. If you’re looking for a way to add architectural interest and elegance, then arches are the way to go. They are adaptable to all sorts of design aesthetics, including classic, contemporary, and minimalist. TEXTURED WALLS Whether plaster, limewash paint, or other textural finishes for walls, the trend is moving toward spaces that have natural dimension and movement. Gone are the days of flat paints and single-colored flat walls. If you’re looking for a way to hide wall imperfections, textured walls are a great way to handle that. Textured walls can divert attention from any irregularities, bumps, or blemishes that one would see on a flat wall surface and create a more elevated and polished look. Think about older homes in which plastered walls were common before Sheetrock. As texture moves to the forefront in design, more designer show homes are featuring Venetian plastered walls.

SUSTAINABILITY SETS THE STATE

Sustainability is becoming more common among homeowners,

14 | think realty magazine :: may - june 2024

sustainably, its array of colors and its other ecocredentials, cork is one of this year’s flooring trends. Cork also has natural thermal properties, which means it is great for heat insulation and can be a much cheaper alternative to underfloor heating. As we navigate the landscape of home design in 2024, one thing is clear: It’s a year of revival and reinvention. From vibrant colors to romantic flourishes, each trend invites us to rediscover the joy of living amid artistry and elegance. •

LORRAINE BEATO

Lorraine Beato is the CEO of Atlanta’s Residences powered by eXp Realty. She is the author of “Flip the Switch,” a practical guide for real estate agents and professionals ready to take their experience in real estate to the next level. Beato has been a full-time, successful real estate agent and investor for more than 25 years and specializes in thinking outside the box to get clients to the closing table fast. Combined with her personal experience in MBS trading with Merrill Lynch and building her own retirement portfolio using creative strategies to acquire properties and improve their cashflow, Beato’s ability to negotiate and navigate her clients’ way to winning investments has made her a favorite with investors nationwide who trust her to acquire, improve, list, and sell their properties when they are not able to personally manage projects in the Atlanta area.

ZELLIGE | FIRED OPAL | UNMOUNTED SQUARE BRAND: CLÉ TILE

RYAN DYER – PHOTO HOUSE BEAUTIFUL 12/9/2023

designers, and builders. The use of sustainable materials in both design and building is on the rise. Think of unique pieces like seaweed lamps, features made out of mycelium, or Japanese shikkui plaster made out of natural seaweed fibers.

As consumers become more aware of sustainable and eco-friendly products and alternatives to building materials that end up in landfills, the industry is stepping up to the plate to provide these materials. Cork flooring is back, for example. Because it can be sourced

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DESIGN: MIXING IT UP

Blending Modern and Classic Design Elements KNOWING HOW TO COMBINE VARIOUS ELEMENTS CREATES TIMELESS AND AFFORDABLE INTERIORS.

LUKE BABICH

W hether you are investing in a property to rehab and flip or want to attract quality tenants to a rental, the design you choose matters. You’ll likely want something that isn’t dated, but following every new design trend can get expensive fast. Blending modern and classic design elements provides a solution. Here are 15 tips for finding a happy medium using both modern and classic design elements to create a timeless interior.

3. KEEP YOUR COLORS NEUTRAL You don’t need to look back far to realize how quickly color can date an interior space. In the 1970s, kitchens were outfitted with harvest gold and avocado-colored ranges and refrigerators. But in 2024, you’ll want to stick to neutral colors for floors, walls, and appliances to achieve a timeless palette. Neutrality allows buyers to see themselves in the home and allows renters to customize the rooms while living there. 4. FOCUS ON LIGHTING Lighting provides an excellent opportunity to blend classic and modern sensibilities. An antique chandelier plays well with recessed lighting, as does a single modern pendant in an otherwise classically styled room. 5. KEEP DESIGN FUNCTIONAL Don’t swing too far in either direction aesthetically. Make sure your design is functional with a sensible layout and fur- niture that makes the most of the space. This is important for tenants renting fur- nished homes, but potential buyers also need to feel a good flow in each room. 6. TAILOR YOUR DESIGN Similar to designing a highly functional interior space, select practical accessories such as rugs, window treatments, and fix- tures that make it easier to use the space.

Families with small children aren’t inter- ested in shag rugs and glass coffee tables. Tailor your design to the people looking to live in the home you are renting or selling. 7. STAY SAFE Another critical point is to prioritize safety over visual appeal when necessary. If you have tall bookshelves, ensure they are securely fastened to the wall. Although it is not the landlord’s responsibility to fully childproof a home, you can take simple precautions to keep potential tenants and their families safe. 8. MIX AND MATCH The goal isn’t to become a historical replica or a museum for modern art. Blend modern and classic design elements such as furniture and accent pieces to balance your interiors. Doing so will appeal to a broader pool of renters and buyers, increasing the likelihood that your vacancy will be filled or your property will sell.

1. CHOOSE CLASSIC, DURABLE MATERIALS

In the 1970s, durable materials meant Formica counters and rolls of linoleum, but not all durable materials are so dated. Materials that never go out of style include marble, hardwood, and brass. When used in a contemporary

way, these classic materials are fresh, modern, and built to last.

2. CHOOSE LOW- MAINTENANCE MATERIALS Low-maintenance finishes and fabrics that are easy to clean and maintain are also considered durable. Materials resistant to stains, scratches, and other damage reduce the need for frequent repairs and replacements. Your tenants will appreciate the easy maintenance, and prospective buyers will be impressed.

9. LAYER RUGS Many people think of rugs as an

afterthought, but they are a great way to change the look of a room affordably. They also develop depth and interest in a design. Choose a color palette and then look for a traditional rug to layer over a modern, geometric one, for example.

16 | think realty magazine :: may - june 2024

Make small changes, such as replacing the house numbers, swapping interior fixtures as they wear out, adding an updated pop of color, or replacing old towel racks or light switches in the bathroom. These trendy touches are appealing to buyers and tenants, and they will ensure the design stays fresh without busting your budget or wasting your money on a hot trend that won’t last. 15. LESS IS ALWAYS MORE Cramming your interiors with vintage and modern pieces results in a haphazard design that won’t come together. Remember the advice Coco Chanel gave modern women: When leaving the house, look in the mirror and remove one piece of jewelry. When you exercise the same restraint and become more deliberate in your choices, your interiors will become the perfect combination of classic and modern design. •

10. EMBRACE MINIMALISM Minimalism is a deeply streamlined approach to interior design that does a great job of keeping the space visually calm while focusing attention on one piece that stands out. This might be a statement armchair, a beautiful antique mirror, or an architectural detail, such as a gorgeous original Beaux Arts fireplace. 11. KEEP IT SIMPLE A simple decor is more versatile. Classic pieces with clean lines are still a good foil for the sometimes harsh look of modern design. If you don’t want to worry about blending Rococo detail with Pop Art posters, look for classic pieces that share a similar design philosophy. 12. SPEND YOUR MONEY Financial advisors, investment blogs, and real estate apps will tell you to spend as little

as possible on your investment, but the fact remains that quality costs money. Investing in high-quality fixtures and furnishings may hurt initially, but the long-term payoff is better. These pieces are more likely to hold their value, too, which can be helpful if you sell a home with the interior intact. 13. ASK FOR FEEDBACK You won’t be able to redesign the interior of your investment property to suit every tenant, but it’s good to consider input to make the home more appealing to future tenants and potential buyers. If you’re blending modern and classic design elements for the first time and have not yet put the home up for sale or rent, solicit opinions from family and friends, and make changes that make sense. 14. UPDATE WHAT YOU CAN It’s possible to stay on top of modern sensibilities without going overboard.

LUKE BABICH

Luke Babich is the co-founder of Clever Real Estate, a real estate education platform committed to helping homebuyers, sellers, and investors make smarter financial decisions. Babich is a licensed real estate agent in the state of Missouri. His research and insights have been featured on BiggerPockets, Inman, the Los Angeles Times, and other online and media outlets. Babich earned a bachelor’s degree in political science, with honors, from Stanford University.

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FEATURED ARTICLE

DESIGNING WITH PLANTS

fosters cohesiveness throughout the property. This type of design helps create a natural flow that is easy for potential buyers to grab hold of and feel comfortable with. It also helps make the home memorable. Although live potted flowers and plants are not the selling point of any home, their presence sets a tone of serenity. Using live potted plants in the staging process helps buyers immediately feel “at home” from the minute they drive up to the home and step through the front door. Designing with live potted plants is a surefire way to create homes of beauty while satisfying a prospect’s emotional needs. •

MICHELE VAN DER VEEN

Michele Van Der Veen is host of Good Day seg- ments, including Flip It, Decorate Like a Designer, and Stage to Sell. She started her career in real estate investing more than 30 years ago. A published author, Van Der Veen has been recognized and featured in international magazines for her unique approach to interior design. Acquiring a formal education from the Interior Designers Institute of California, her experience stems from building custom homes to flipping more than 100 homes and working in commercial real estate development alongside her father at a young age. Not afraid to push the limit on her own designs and investments, Van Der Veen will often be heard reassuring her team about her decisions by saying “Don’t worry, we are the comps!” For more on Van Der Veen’s work or to contact her, visit iHeartHomescorp.com.

22 | think realty magazine :: may - june 2024

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©2024 CV3 Financial Services, LLC. All Rights Reserved. This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. CV3 Financial Services, LLC reserves the right to amend rates and guidelines. NMLS ID #2478266. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO-183355. AZ Mortgage Banker License #1047792, FL Mortgage Banker License #MLD2457, MN license #MN-MO-2478266, OR Mortgage License #2478266, UT Mortgage Entity License #13576219. (844) 721-3733 | www.CV3financial.com/think-realty Real Estate Success Starts ™

thinkrealty.com | 23

DESIGN: SHIPPING CONTAINERS

I n an era of sustainability and the realm of design and development. Adaptive reuse approaches are vast, from the restoration of historic landmarks to the transformation of industrial sites into vibrant community hubs. Instead of tearing down old buildings and infrastructure and sending those materials to landfills, adaptive reuse breathes new life into spaces. Michigan Central Station resourcefulness, using prior structures has emerged as a powerful tool in in Detroit, a historic abandoned train station, was transformed into Ford Motor Company’s innovation and mobility center. Such projects not only preserve the character of a landmark but also foster a sense of connection to its past. Among the myriad adaptive reuse strategies, one particularly innovative

Designing Reuse: Shipping Containers

AN INNOVATIVE RESUSE APPROACH INVOLVES REPURPOSING SHIPPING CONTAINERS INTO HOMES AND COMMERCIAL STRUCTURES.

PETER RODRIGUEZ

approach involves repurposing shipping containers into homes and commercial structures. MULTIPLE APPLICATIONS Perhaps the most unique example

of adaptive reuse and design is the use of shipping containers as architectural elements. Originally designed for transporting goods across oceans, these steel containers have found new life as affordable and sustainable building materials, offering architects and homeowners a versatile canvas for creativity. In Amsterdam, the Keetwonen Student Housing Complex stands as the largest ship- ping container village in the world. Housing more than 1,000 students, Keetwonen exemplifies how shipping containers can be transformed into comfortable living spaces without compromising quality or aesthetics. With their modular design, containers offer the flexibility to accommodate various layouts and configurations, making them an ideal solution for dense urban environments.

24 | think realty magazine :: may - june 2024

Beyond residential uses, shipping container architecture has also made its mark in commercial and cultural domains. The Boxpark concept, established in London and replicated in cities worldwide, involves the creation of pop-up retail and dining destinations using repurposed shipping containers. These temporary installations bring energy into urban landscapes while providing entrepreneurs with affordable spaces to showcase their goods and services. Shipping container architecture has proven instrumental in disaster relief efforts and humanitarian initiatives. Organizations like Architecture for Humanity have leveraged container- based designs to quickly deploy

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DESIGN: SHIPPING CONTAINERS

rainwater harvesting systems, container- based structures can incorporate a range of environmentally friendly features to minimize their footprint. Reusing structures and building materials offers a compelling alternative to conventional design and development approaches. By repurposing existing structures and materials, builders and designers can breathe new life into neglected spaces and materials. Among the diverse strategies of reuse design, shipping container projects stand out for their affordability, versatility, and sustainability. From vibrant urban communities to innovative disaster relief solutions, the potential of container-based construction is limited only by imagination. As we navigate the challenges of the 21st century, embracing the principles of adaptive reuse and “double recycling” will be essential in shaping a more resilient and sustainable built environment for future generations. •

shelters and medical facilities in crisis-stricken areas, offering temporary refuge to displaced communities. By repurposing readily available materials, these projects demonstrate the potential of adaptive reuse to address pressing social and environmental challenges. One unique example of adaptive reuse, or “double recycled,” is a project led by ekō Solutions, a modular builder. This project takes upcycled shipping container homes that were once deployed to house victims of the western Kentucky tornadoes and moves these homes to a campground. These containers have had three lives. The first was as a vessel to house goods being moved across oceans. In their second life, these shipping containers were converted into homes, creating stability during turbulent times as Kentucky communities were rebuilt after natural disasters. Finally, the very same containers have been moved to the Poplar Point Campground in Athens, Alabama, where they have been turned into unique contemporary glamping units available through Airbnb. The ease of re-outfitting and mobility of these types of container homes allow them to be used in many ways after

their initial use is no longer needed. These “double-recycled” units can be refitted for affordable housing, office, and even dining and recreational uses. ADDRESSING THE CAVEATS Although shipping container architecture offers numerous benefits, it is not without its challenges. Critics point to issues such as insulation, ventilation, and structural integrity as potential drawbacks of container-based construction. However, advances in technology and design have addressed many of these concerns, enabling building firms to create shipping container dwellings that are comfortable and sustainable. Many spaces are customizable and can include different exterior siding and facades, artistic exterior paint jobs, or the chic look of interior shiplap, sliding barn doors, concrete countertops, and custom tin ceilings. IMPACT Further, the widespread adoption of container architecture has sparked innovation in the realms of sustainability and environmentally conscious building practices. From passive solar design to

PETER RODRIGUEZ

Peter Rodriguez, president of ekō Solutions, is an operational executive with more than 20 years of experience in building cost-effective solutions for the manufacturing sector, ranging from housing, agriculture, and automotive. Rodriguez leads the overall design, build, and implementation team at ekō Solutions. He holds a master’s in business administration and general management from Troy University and a bachelor’s degree in industrial technology management from Central Michigan University.

26 | think realty magazine :: may - june 2024

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thinkrealty.com | 27

DESIGN: BACKYARD SPACES

8 Ways Investors Can Use Backyard Design to Drive ROI CREATING AN OPTIMIZED AND FUNCTIONAL BACKYARD CAN SIGNIFICANTLY ENHANCE THE APPEAL AND VALUE OF A PROPERTY.

AUSTIN GARDINER

A n essential strategy for real estate investors who want to maximize return on investment is to enhance both the aesthetic appeal and the usability of outdoor spaces. Doing so can increase the property’s market value, attract higher rental income, and facilitate quicker sales. Investments in backyard improvements often yield substantial returns when the property is sold. Features like outdoor kitchens, professional landscaping, and recreational amenities such as pools or fire pits can significantly increase a home’s resale value. According to industry estimates, certain outdoor features can offer an ROI of more than 80%,

depending on market conditions and the quality of the installation. By focusing on the lifestyle a well-designed backyard supports, investors can target specific demographics. For example, families might be drawn to properties with safe, child-friendly outdoor spaces, while young professionals might value sophisticated entertaining areas. For real estate investors, these improvements can significantly impact the financial performance of their investments and help achieve better market positioning. THE ROLE OF BACKYARD DESIGN A well-designed backyard creates a strong first impression. When potential

buyers or renters view a property, an attractive outdoor space can immediately capture their interest, setting the property apart from others in the market. This can lead to higher interest and demand in the property, potentially driving up the price or reducing its time on the market. For many homebuyers and tenants, the backyard is viewed as an extension of the living space. A functional and visually appealing backyard can serve as a compelling feature that suggests a quality of life that indoor spaces alone might not offer: the potential for outdoor dining, entertainment, relaxation, and recreational activities, which are highly valued in today’s real estate market.

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By creating designated areas for different activities such as dining, lounging, and gardening, investors can showcase the versatility of the backyard. This not only maximizes the usable space but also helps potential buyers envision themselves using the area to its full potential, thereby increasing the property’s appeal. Modern buyers and renters often look for low-maintenance properties. A backyard designed with durability and ease of upkeep in mind (using materials like composite decking or native plants that require less care) can be a significant selling point. Additionally, incorporating sustainable features such as rainwater harvesting or solar lighting aligns with the growing demand for environmentally friendly properties, potentially increasing interest among eco-conscious buyers. 8 KEY STRATEGIES Here are eight key strategies and actionable insights for transforming a backyard into a feature that adds value to any residential investment: FUNCTIONAL ZONING. Designating areas of the backyard for specific uses can give the impression of maximized space. ▷ Strategic layout. Think of the backyard as an extension of the property’s usable space. Designating distinct zones for dining, lounging, and activities can make the space more attractive to potential renters or buyers because it demonstrates the property’s versatility. These zones help create a structured appearance that can appeal to a broad audience. ▷ Decking and patios. These features often offer a high

return on investment due to their appeal in extending living spaces outdoors. They should be constructed with durable materials such as composite decking or pavers, which offer appealing attributes for tenants and buyers in the form of longevity and reduced maintenance costs. SOPHISTICATED LANDSCAPING. Being strategic about plant selection

appealing landscape design using plants of varying heights and textures can significantly enhance a property’s curb appeal. ▷ Lawn management. A pristine lawn remains a significant draw. Regular maintenance should be emphasized in property listings to highlight the care invested in the property, potentially increasing its rental or resale value. ▷ Edible gardens. A designated space for growing vegetables or herbs can differentiate a property from others in the market, adding a unique selling proposition. ADVANCED IRRIGATION SYSTEMS. Investors should consider installing drip or smart irrigation systems that reduce water waste and

and lawn maintenance makes your property more appealing. ▷ Intelligent plant selection.

Opting for native plants can minimize upkeep and water consumption—key selling points for eco-conscious buyers and cost-saving aspects for landlords. Additionally, creating a visually

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