Original Hypotheses in Foreclosure Renovation: 1. Full Energy packages don’t sell easily by themselves (based on 30 years of attempts with marginal success) 2. Full packages will sell if combined with Wow! Remodeling
Questions from Skeptics, Professionals & Gurus:
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Can you put that much money into a house and get a return on investment? And make a profit?
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Will the consumers buy that big a package of energy saving retrofit?
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If they will buy, can they get financing? Will the properties appraise for enough?
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Preliminary answers at end of poster. G r e e n E a r t h E q u i t i e s . C o m
Saving The Planet One House At A Time 1
Closing Escrow next week Features: Low E2 windows R-50 Insulation New HVAC system R-8 Ducts, sealed & tested Complete Shell Sealing More‌(see Energy Package) 2
Purchasing Homes in Close Proximity Allows: 1. Saving of fuel and travel time (green!)
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2. We can control the “Comps� and Influence Appraisals after the first one. 6 4
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The Wow! Package 1. Granite Counters at Kitchen & Baths 2. Extra Deep Stainless Steel Sink 3. Designer Spray Faucet 4. Italian glass tile backsplash , s i 5. Under Counter Lighting h T e d 6. All wood Cabinetry u l c n I 7. Crown Molding and Tall Baseboard 8. All new interior doors and trim 9. New Front Door with Art Glass 10. Tile & Travertine floors 11. Engineered Wood Laminate Floors 12. Designer tile and faucets at baths 13. Chair Rail, , Wainscoating & 3 tone paint 14. Designer Light fixtures & ceiling fans G r e e n E a r t h E q u i t i e s . C o m
Saving The Planet One House At A Time 4
The Done! Package 1. New Front and Back Lawn 2. Automatic Sprinklers with timer 3. New 30 - 50 year roof 4. New Roll-up Garage Door with Openers 5. Gutters 6. New 2 inch faux wood blinds , s i h T 7. Major Professional Tree Trimming d n A 8. Sewer line renovated as necessasry 9. All new oil rubbed bronze hardware 10. New Energy Star Appliances with Warrantees 11. New Windows and HVAC with Warrantees 12. Upgraded Carpet with 6 lb pad 13. Deciduous Trees placed for Energy Efficiency G r e e n E a r t h E q u i t i e s . C o m
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The Energy! Package 1. New HVAC system, Stainless Steel Heat Exchanger 2. Manual J sizing, usually half of previous capacity 3. New R-8 short mylar ducts partially buried 4. Manual D with tight seal and test n 5. Extra Return Duct in Master Suite a c e s 6. New LoE2 windows and Patio Doors w i h So all t 7. Low E 140 at west windows e l l e S rytim 8. Deciduous Trees planted selectively e v 9. Shell Sealing of floor & ceiling with test E 10. Attic Insulation to R-50 11. Occupancy sensors 12. Gas Stove and Dryer options 13. Ceiling Fans at all sleeping and living rooms Saving 14. Panasonic Ventilation with controls The Planet G r e e n E a r t h E q u i t i e s . C o m
One House At A Time 6
We Buy Ugly Houses (the uglier the better)
Ugly Step-Sister
to
Cinderella
The Cinderella Wow! Conversion in our Energy Wise Renovations Allows us to include Serious Energy Retrofits! 7
Wannabe Remodelers Many of our best buys have been homes where previous owners had ideas and started projects that remain unfinished or code violations. Stuff like this scares many investors.
No Problem & Not that Expensive 8
Oh, Honey, I love it! Let’s buy this one....
How Green is (sometimes) Sold
Well, they have those Energy Stars and the carpet is made out of recycled Pepsi bottles so I guess we might as well...
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Energy-Wise Renovator The Planet Community
The Homeowner Wins With Lower Bills and Increased Comfort The Community Wins With New Jobs, More Home Ownership & Increased Property Values
Home Owner
The Planet Wins With Less Carbon Emissions The Investor Wins And Gets To Keep A Little Green
A True Win, Win, Win, Win Strategy! G r e e n E a r t h E q u i t i e s . C o m
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So, How’s It Going After 8 Months? •
First 5 properties sold after first open house. Appraisals were OK and we have a waiting list
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Profitability? I find it better than Contracting!
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Green Labor Force? These jobs are the advancement and career path up for entry level weatherization workers.
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Energy Reduction? Estimated 25-50% reduction (with no previous bills to compare and no dependence on future occupant behavior required.)
Fun? This ex-contractor is having a blast! Flexibility? Time for important things Good for the Community? Raising Property Tax Base. These houses sell for 20% above the comparables. No Incentives or (new) government programs required.
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Let’s Build With 1000 Businesses across the country An Army! doing this, we could do some serious good.
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Wanna learn Energy Wise House Flipping? I’m so sold on this idea, I’ve begun teaching it.
Free Training, Learn Energy-Wise House Flipping Conference Calls Tue 6:00 pm PST Dial in 605.475.4800 Access 795323# On Site Renovation training monthly 11
Message to all Mayors, Governors and Presidents •
Foreclosed homes present a unique golden opportunity to greatly improve the real estate values and the quality of life in your jurisdiction. By including Energy-Wise Renovation with lower carbon footprints, these homes will improve your communities, and the lives of your citizens
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Dont miss this opportunity. If these foreclosed homes are quick flipped with carpet and paint and remain energy guzzling rentals, your community and the planet will suffer. Doing it later will be very expensive and probably just wont happen.
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Ensure that funding for foreclosures programs requires significant home performance. No public funds should go to conventional “house flipping” that does not include home performance retrofitting.
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In many cases this can be done with no expenditure of tax dollars at all. Ask me how. I’ll be glad to share what’s working for me Respectfully, David J Robinson 559 994 9477 DJR5650@Mac.Com 12
Tale of 2 Foreclosures - True (sad) Story $70,000 $10,000 Renter Zero No Change Zero Lowered Dragged Down Praying for Economy
$70,000 Purchase Price $50,000 Improvements $ Proud New HomeOwner Occupant Everything Energy Retrofit Reduced Carbon Footprint Yes Green Jobs Raised Tax Base Lifted Up Neighborhood Deposit $ & Repeat Investor-Renovator
Which would you rather have next door to you? 13
Opportunities Pass What Can Be Done? This has been one team’s answer. What Will You Do?
G r e e n E a r t h E q u i t i e s . C o m
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