DESIGNPOINT
Exterior after
RENOVATIONS
Exterior before
Investment Treasures
INVESTIGATING POTENTIAL CAN LEAD TO SURPRISING PROFITS THAT OTHERS PASS UP
by Michele Van der Veen
ometimes that next great home to renovate may just be the home other investors are passing up. Often these are the homes that have bigger problems than kitchen updates or a new roof. It may take creativity to solve these more difficult investment property problems. As a real estate investor, I am always in search of the right home, with the right numbers to support investing in S
it. But it’s the creative designer side of me that often looks past the numbers and finds ways to make those more dif - ficult investments more profitable. Take this Spanish-style house for instance. Good bones, great curb appeal poten- tial, swimming pool, good square footage, nice neighbor- hood, and great comps! So why did other investors keep passing on it? As I watched the price drop and the potential
68 | think realty magazine :: may 2021
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