💡 40 Days, 40 Tips: Steps to Starting a Successful Rehab! 🏚️🔨
💡 40 Days, 40 Tips: Steps to Starting a Successful Rehab! 🏚️🔨
Tip of the Day: Starting a property rehab can feel overwhelming, but with the right plan, you’ll be set up for success! Here’s a quick breakdown of the 10 essential steps to guide your next project:
1️⃣ Step One: Meet with Contractor & Define Job
Start by walking the property, then meet with your contractor to finalize the strategy. Getting input early on can help you decide what repairs and layout changes to make.
2️⃣ Step Two: Define Job & Buy Materials
Create a draw schedule to manage the cash flow, ensuring the work aligns with your contractor’s timeline and keeps the lender happy.
3️⃣ Step Three: Demolition
Begin with a complete demo—clearing out everything that will get in the way of your progress. Always start with a clean slate!
4️⃣ Step Four: Roof, Windows, & Siding
Focus on the exterior first, protecting the interior by replacing the roof and updating windows and siding to attract attention.
5️⃣ Step Five: Plumbing & HVAC
Take care of plumbing and HVAC early to avoid disasters down the road, like finding burst pipes after the drywall is done!
6️⃣ Step Six: Framing & Subfloors
Address structural needs and create new living spaces, like finishing a basement for added value.
7️⃣ Step Seven: Sheet Rock
Drywall makes the property look new—whether you’re patching up walls or hanging new sheetrock.
8️⃣ Step Eight: Painting
Paint transforms the space! Make sure to prime and fix any drywall flaws before applying the final coats.
9️⃣ Step Nine: Install New Kitchens & Baths
Kitchens and baths sell homes! Get your designs ready and start installing cabinets, vanities, and flooring.
🔟 Step Ten: Punch Out
This is where all the little details come together: outlets, light fixtures, and final touches. A great punch out phase makes the difference between a good renovation and an excellent one!
Pro Tip: Working with a trusted contractor who knows the flow of the project makes all the difference!
📞 For more real estate investing tips and rehab strategies, contact Rob Trigg at Jet Lending.
📧 [email protected]
📞 903-806-4400
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