Most home buyers today are looking for homes in move-in condition. Renters do not want to lease a property that is not in good shape. These are reasons that 93% of asset property owners are investing in rehabilitation to make their properties more attractive. Not...
The success of an REO property rehab depends on the quality of the work performed and the property renovation company doing the work. If the renovation work is done well, it contributes to increasing the property’s value and can attract more potential buyers and...
We get it. Time is money, so when it comes to real estate rehab, you want to get your property market-ready as quickly as possible. When you turn to the REO property renovation specialists at Charter Construction Group, you get a team of experienced professionals who...
More than 31,000 properties nationwide had a foreclosure filing in January 2023, a 36% increase from the same time last year, continuing a two-year-long trend of increased filings. Nearly 4,000 properties were repossessed through completed real estate owned (REO)...
Did you know that it only takes one-tenth of a second for people to form their first impression? According to a study published in Psychological Science, people make judgments about what they see in lightning-fast time. That’s something to remember when you look at...
Real estate investment trusts (REITs) can be lucrative income-producing investment vehicles, but they also require management to protect and enhance property portfolios. Remodeling and renovations are a fact of life for the most successful REIT managers to reduce...
While supply chain concerns have eased, there are still challenges in getting the supplies you need in a timely manner at an affordable price. This can slow down real estate rehab projects or significantly increase their costs. Either way, it costs you money as...
You never know what condition a rental home or apartment will be in when a tenant leaves. While some tenants are meticulous about cleaning and keeping the property in good shape, others may leave your properties in poor condition. Whether you need a minor refresh to...
Lenders, investors, brokers, REITs, and other entities in possession of real estate-owned (REO) properties need qualified remodeling and renovation services to get their properties market-ready. Each day that a property remains unsold represents potential lost profit....
When you need remodeling and renovation services for an REO property, you must know what to look for in a contractor. When you do your due diligence, you’ll be able to confidently say that you’ve found the best company that suits your needs. Though it does require...
