Wauwatosa, WI (PRWEB) March 15, 2014
Purchasing an investment property means building future equity while enjoying a monthly revenue stream. As the housing market slowly but steadily regains its value, there are many residences that offer opportunities for savvy investors. Distressed properties still account for a significant percentage of total active listings. Discounts on such properties can range up to 30 percent.
However, those savings can quickly vanish in the cost of repairs. Rehabilitation is the biggest expense in purchasing an investment property; so, it's vital to find reliable, quality vendors that are affordable. Big ticket items typically, with large price tags, however, this Wauwatosa wood flooring contractor offers an affordable alternative to investors.
This is welcome news, considering true costs can be difficult to estimate accurately, "It is impossible to prepare for every expense related to owning rental property, so there are bound to be some unexpected ones. Things such as boilers, plumbing and fixtures often need to be replaced and are not prohibitively expensive. However, faulty wiring, bad foundations, compromised roofing and the like can be very expensive to repair. If you can't find a way to pay for repairs, you will be left without a tenant and with the grim prospect of selling the property at a significant discount. Also, as building codes evolve over time, lead paint, asbestos, cedar roofing tiles and other materials that passed inspection in the past may be reevaluated to your disadvantage,” Investopia explains.
Royal Wood Floors states that it takes the time to get an accurate assessment and prices its jobs fairly. The philosophy is affordable work brings repeat business, and that creates a win-win situation for it and its customers. Investors are welcome to check the company's references and to get estimates from other vendors to learn just how well this flooring service provider does for its many clients.
For more information about this experienced and professional Wauwatosa wood flooring contractor, or to schedule repairs by this Wauwatosa hardwood floor company, or learn about custom wood styles or the company’s inlay and medallion installation services, phone Keith Allman at 414-378-2066. Estimates and appointments can be made through the company’s website, http://www.royalwoodfloor.com. The company provides top craftsmanship and cares for many types of custom and domestic woods. Search “floor refinishing Wauwatosa” to see examples of previous work.