Rehabbing Houses: Where Do You Start?

Over the years, many investors have ventured into the business of rehabbing homes. Because it is an enjoyable way to make money in real estate, many are encouraged to fix and flip properties for a living. And with prices of distressed properties and fixer upper homes at an all-time low, investors are having a blast making money by renovating old and undervalued properties for profit.

One of the most common questions posed by beginners in the business is which items should you repair first when fixing and flipping properties. Well, the answer to this question is actually a no-brainer. When renovating houses for profit, you must address problems that require quick solutions.

If you are going to rehab a house located in Seattle, where there’s a lot of rain all throughout the year, you might want to patch up the roof before starting the repairs on the other part of the property. As we all know, leaks may further damage the interior of the property, which is why you need to deal with such a problem as soon as possible.

Patching holes on the roof can also prevent untoward incidents from occurring. When the rain comes, water may seep through the broken roof and make the floor and the inside of the house wet and slippery. As we all know, a slippery floor can cause serious accidents. Thus, to prevent your rehabbing team from landing on their behind, fix the roof first.

Aside from the roof, another important issue that needs your immediate attention is termite infestation. As the saying goes, prevention is better than cure. If a portion of the wall has been invaded by these nasty insects, there is a high probability that they have already eaten up other parts of the wall as well. Therefore, to prevent further damage to the property, you should take out the parts that have been damaged by termites.

Another littler reminder: never start cosmetic repairs or the redecorations without first checking out if the piping, HVAC, and electrical systems need upgrades. Doing otherwise can cost you a lot of time and money. Thus, when rehabbing a house, always take care of the structural repairs first before replacing the carpet, putting up new fixtures, and giving the interior of the house a face-lift.

Want to get more tips on doing a fix and flip project? Just log on to www.Rehab-Real-Estate.com, where you can find various learning resources on real estate investing.