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Monica D. Higgins / Uncategorized  / $ecure Your Financial Future With a Backyard Home

$ecure Your Financial Future With a Backyard Home

Couple moving into a backyard home

Here’s what you can expect from the live online course $ecure Your Financial Future With A Backyard Home:

Session 1

We will be going deep into why you’re starting this journey, help you start to define what success looks like for you (so that you can make the right decisions all along the way), understand what a successful project looks like and common pitfalls that might lie in your path. 

Session 2

You’ll learn how to craft your vision, understand your customer so you can attract the right one, as well as your backyard home personality so you can see where you need the most help.

Session 3

You’ll learn how to define return on your investment, how to estimate rents, how to pay for your project, what type of backyard home to build and the power of design on rental income. 

Session 4

You’ll learn the Top 4 budget busters & how to avoid them, the importance of a contingency margin in your budget, how to develop a model of what you can realistically afford to spend on a backyard home, then create a high-level budget for your project. 

Session 5

You’ll learn why a backyard home doesn’t increase your property taxes as much as you think, homeowner’s insurance considerations and how much you can expect your home value to increase with a backyard home.  

Session 6

You’ll learn why managing your backyard home project like a CEO is important, how to ride your emotional rollercoaster, how to audit a construction contract, the importance of weekly status meetings and tracking change orders. 

Session 7

You’ll learn which pros you’ll need on your project team, the difference between an architect and a designer, how to choose a general contractor, the difference between a general contractor and construction manager, whether working with a construction manager is right for you and how to screen your team. 

Monica D. Higgins

Monica previously helped people find new homes as a licensed real estate agent before she founded Renovation Planners, a construction management firm dedicated to helping homeowners avoid remodeling horror stories. Today, Monica is honored to share her knowledge of the construction industry in a variety of ways, so homeowners and industry pros alike can experience Remodel Success.

2 Comments

  • Joe

    March 29, 2022 8:42 pm
    Reply

    Monica! Wonderful! So informative and inspiring, Lots to think about!!! Where to begin! Thank You Colourfully, Joe Nicoletti

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