Deconstruct Your Next Fix and Flip Carefully To Boost Your Bottom Line

Real estate investing transforms neighborhoods and lives, breathing new life into run-down homes and revitalizing communities. Navigator Private Capital is proud to be a part of the change.

But did you realize that there is even more you that can do to promote positive change while still contributing to your bottom line?

Deconstruct Carefully

Instead of filling up dumpster after dumpster, be methodical and considerate about the deconstruction process. You might be surprised to learn just how many building products can be reused or recycled. According to ConstructionBusinessOwner.com, the most common recyclable construction materials are concrete, wood, drywall, asphalt shingles, asphalt pavement, metal and cardboard. Disposing of these materials mindfully can make a material difference to the environment AND your profit margins as they typically account for 70 to 95 percent of discarded material at a residential or commercial site. But even beyond these basic building blocks, easy to remove items such as doors, hardware, appliance and fixtures may be salvaged for donation or reused during the rebuild or on other jobs.

Reduce, Reuse, Recycle

We know what you might be thinking — that recycling all these products sounds like a hassle. But in many cases, there are systems already in place for processing these building components. For instance, asphalt, concrete, and rubble are often recycled into aggregate or new asphalt and concrete products. Wood can be recycled into engineered-wood products like furniture, as well as mulch, compost, and other products. Many metals are also in high demand. Often retrieving these materials is as simple as calling your local waste hauler and scheduling a pickup. Check with your waste management rep to see if separation is even necessary or whether they will pick up a load of mixed materials.  

Locate Local Resources

As green building practices gain in popularity, it is getting easier and easier to find homes for your discarded and surplus construction materials. To find a recycler near you, visit the Construction and Demolition Recycling Association (CDRA) for a searchable directory. In addition, many cities now have stores that accept and resell donated surplus building materials and appliances. For instance, Habitat for Humanity runs “Habitat ReStores” which are retail outlets where quality used and surplus building materials are sold at a fraction of regular prices. There are also many independently operated non-profits with a similar mission. In Baltimore specifically, Second Chance salvages and resells reusable building supplies, providing job training and employment resources to those in need in the region.

Boosting The Bottom Line

If safeguarding the environment and supporting your local community doesn’t provide enough motivation to participate in recycling efforts, consider the potential financial benefits to you. By recycling or reusing materials on site, you can significantly reduce your overall expenses by avoiding purchase and disposal costs. These savings can add up quickly. Keep in mind, too, that your donation of recovered materials to qualified 501(c)(3) charities may also provide a sizeable tax benefit.

As you can see, taking a deliberate approach to the deconstruction and building process pays dividends in multiple ways. Reusing and recycling as much material as possible not only reduces your environmental impact but may also provide support to community based organizations in your area and produce significant personal financial savings.

Interested in learning more?

Reach out to NavCap for suggestions and practical advice when it comes to the construction and financing of your next fix and flip project. We are here to help! Contact us at info@navcap.com or 443.603.0193 to find out more about all of our flexible and competitive loan programs.