Would be real estate investors know to “buy low and sell high”.
They know it’s wise to buy a “fixer upper”, clean it up, and resell it.
They just don’t know how.
Maybe you could start a business as a “remodelling coach” and sell your time and get a referral fee from the local hardware stores?
From the Seattle PI
CHICAGO — The staff at his neighborhood hardware store can spot John Carter from a distance.
He’s the slightly befuddled guy who often comes in declaring, “I have no idea what I’m doing. Can you at least get me through tonight?”
The 26-year-old Chicagoan, who’s been slowly rehabbing the condo he bought last year, is part of a generation of young homeowners who admit they often have no clue how to handle home projects.
For them, shop class was optional. It also was more common for their parents to hire contractors, leaving fewer opportunities for them to learn basic repair skills.
With low interest rates allowing more young adults to buy property in recent years, many inexperienced homeowners are desperate for advice when the furnace goes out, the roof leaks or when a home project that seemed like a no-brainer goes terribly wrong.
“They know they’ve got to buy real estate; they know it’s a good investment. But that doesn’t help you when you swing a hammer and hit a pipe in the wall,” says Lou Manfredini, a Chicago hardware store owner who gives do-it-yourself advice on local radio and nationally online and on TV. “Unfortunately, homes don’t come with an instruction manual.”
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