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8 Tips From Contractors For Rehabbing A Flip

A Well-Done Rehab Shouldn't Just Be Good Enough; It Should Be A Work Of Art.

It's certainly an advantage to have solid framing with beautiful materials to use during your project. Using these materials to modernize a home while keeping the charm can be a complicated task. This challenge can prove to be bigger if you're up against a hard budget and a clock that's ticking fast. To pull this off, a mentor with a strong relationship would suggest it takes careful prep work and a lot of planning. A lot of contractors tend to do things by the seat of their pants. They would preferably be working instead of planning ahead because the time required to prepare feels inefficient.

The skills of the trade are not skills you can learn in a weekend course either. Not to mention the art of carefully planning things out and organizing your time well. This business all comes down to an experienced craftsman who is also passionate and enjoys what they do. Let's have a look at nine tips helping you get through this daunting process.

Purchase The Right Material
You need to plan out your purchases, so it doesn't hurt your cash flow. Doing this, you can buy quality materials. It may seem easy the grab materials off the top of the pile. However, if the wood you've selected is warped or has large knots, it may not be usable. This mistake not only would cost you time but also money. It's worth taking an extra few minutes picking through some of the materials and selecting just the best ones. You'll likely find this has been done many times over already. In fact, you might consider going to a store that has high volume turn over with a new continuous supply.

Get A Home Inspector Involved
People new to investing should always include a home inspector when you're making your purchase. You don't have to listen to what the home inspector says in the end, but it's a good idea to get some extra insight as to what's involved with your project. Having another set of eyes is always helpful. The home inspector knows what to look for. They usually partner up with real estate agents. Finding one can be as quick as just a phone call and typically cost around $300.

Visualize The End Result
If you don't like the style of the house you plan on renovating, then do not buy it. The project will just take up all your time and money while you try to change everything. Instead, Walk through each room and visualize the end result. From there, you can focus on bringing the building back to life without re-sculpting it.

List Out Your Goals
Listing out your goals and making a plan of attack can be easier than you think. If you have a good understanding as to why you're doing something it makes the process that much more comfortable. It gives a clear purpose and destination to your goals. If this part of the process is unclear, your goals will be foggy too.

You will have already set your budget at this point, and now it's time to communicate it with the people involved in the project. The clearer this can become for everybody, the smoother the process will ultimately be. High-pressure deadlines can put the brakes on creativity.

Follow Industry Trends
Contractors need to do a fair amount of research to stay ahead of the curve. Industry trends can impact a project, so you need to keep on top of them. For example, new mothers are concerned about materials in a house with a baby. Home buyers are becoming educated because of the access to the internet. There is even a growing concern about the air quality. Houses equipped with a HEPA air-purifying HVAC system can sell a lot quicker than a home without one.

Look Into A Home Designer
Good mentors always say a home designer can increase the value of a house dramatically. This part of the industry is underutilized. When somebody can enhance the flow of the existing design, they pay for themselves. They are hands-down a worthwhile investment. They can save you money in almost every instance because they prevent the big expensive mistakes. Having to repaint a room many times over during a project can be avoided. Having a designer on hand can stop this from happening.

Allow Time For Mistakes
Cutting corners is the most concerning issue in the industry. When you start a project, you never know what you might find. In most instances, you'll see the previous builder cut corners somewhere. They say there are ten ways to skin a cat. However, when you are doing repairs on a home, you might as well do the job correctly the first time.

Document Every Detail
Not only is documenting your progress helpful for yourself, but it's also a plus for the prospective buyer to see the quality. A lot of stuff can get covered up with plaster and drywall, and it's nice to have records showing what is under the surface. Good record-keeping will help you with your next flip too because you can see what you did and the costs associated with them.

It's very easy to get bogged down in the details slowing your project to a halt. If you plan things out well and take into account realistic goals, you can finish your project on time with quality results. You'll have something you can be proud of in the end.