Renovating A Rental Property | DON'T Do These 7 Things!
In this video I go over 7 different things you absolutely don't want to do when you renovate your rental property. Whether you're looking to buy your first house or you have multiple units, you'll find the information in this video helpful when it comes to tackling any rental renovation.
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I talk about things from how to find the right general contractors and how what you should include when you put your contract together. I also go over what not to do when you're upgrading your rental house. Whether it's the Kitchen, Bathroom, Paint, Flooring, or Light Fixtures, the key is to appeal to as many people as possible in the most economic sound way. Avoiding overimprovement with your renovations in real estate is a must and making sure your house is appealing to the masses is a great way to make sure your investment attracts top dollar and reduces vacancy time. Speaking of efficiency, you want your property to perform like a well oiled machine so don't forget about the little things like changing out air filters, cleaning out the gutters, trimming tree limbs and removing vegetation that brushes against the siding of your house. Understanding the kind of area your in can be huge. Are you in an A Class area or a C Class Area. Every Renovation has to be analyzed from a numbers perspective to decide whether or not it makes sense.
#Renovation #Rental Property #RealEstateInvesting
