What Repairs To Do First When Rehabbing Houses
Taking the first step, they say, is always the heaviest
. But once you get the hang of it, once the momentum is there, the remaining steps will be lighters and easier. Rehabbers are facing the same problem. Most of those who are inexperienced scratch their heads on what to do first. Rehabbing houses could be a headache if you dont know where to start. To save you from all that stress, heres a lose list of what repairs you must do first when rehabbing houses.First thing you should do is create a timeline for repairs. If you have a contractor, consult him and set a deadline for repairs. Will the repairs and improvement be completed in three weeks? A month? Once this timeline is in plane, make to finish the project before or on the deadline.
When it comes to the actual rehabbing, you must address problems that demand immediate solutions first. If you are fixing and flipping a property in a state with ample rain all year round, holes on the roof are problems you must swiftly address. You dont want further damage on the interior of the property due to leaks. This is also for the safety of your crew. Accidents can happen when the house is slippery and wet. Another example is termite infestation. If a portion of the wall is already being eaten up by these pests, take out that part to prevent other parts from being infected as well.
Next comes the gutting. This is the stage where you clean the property. You take out anything that can hinder you and your team from properly rehabbing that house. Those old cabinets will have to go. All appliances must be taken out of the property. If these are still working, you can sell them to surplus shops or neighbors. The proceeds will go to your repair budget. If the old paint needs to be scraped, then it will go as well.
Major repairs come next. Remember, rehabbing houses means you are operating with a tight budget. That means you must prioritize repairs that will eat up most of your money. Structural repairs, although shunned by rehabbers, must be done first. Cosmetic repairs will then follow. Correction of a houses foundation, total roof replacement, and rebuilding of a wall or beam are considered structural repairs.
The HVAC (heating, ventilating, and air conditioning) will be carried out next. Plumbing and electrical systems must be updated if necessary. Cosmetic repairs or beautifying improvements will follow. Installing new lighting fixtures, applying paint, and replacing doorknobs are examples of cosmetic repairs. Want to learn more about rehabbing houses? Go to rehab-real-estate.com today.
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