In this video, I discuss 5 renovation mistakes that kill the profits of new rental property investors.
[0:53] Excitement around designing rental property
[1:22] #1 Over-improving
[3:02] #2 Skipping required repairs by local municipality
[4:13] #3 Picking the wrong contractor
[5:37] #4 No value-added amenities
[6:59] #5 Mismanaging the budget
[9:14] Getting your renovation budget right upfront
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ABOUT VERONICA
I am proud to work with my dad, Daniel Woods, and continue the legacy of Daniel Woods Real Estate, where we have been advising clients in the Philadelphia area since 1987. I am a natural connector who loves matching buyers and sellers, foodies with restaurants, and those in need of professional/career introductions. My passion is to help more people use real estate to create wealth, build a legacy, and design the lifestyle of their dreams.
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Veronica Woods
Daniel Woods Real Estate
PA License SB065736
#realestatemarketupdate #realestateinvesting #philadelphiarealestate #delawarecounty
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