| By now you’re probably convinced that rehabbing | | | | Aside from having the handyman spirit, you must also |
| houses is a very lucrative business, especially amid the | | | | have knowledge on the area where you will fix and flip |
| recession. You need to buy a cheap property, make | | | | homes. This is helpful, especially when estimating the |
| repairs to raise its value, and then sell it for a higher | | | | value of the property before and after you rehab it. |
| price. Sounds easy, right? But before you flip and fix | | | | This will also help choosing what properties to buy and |
| houses, make sure you read this checklist fir | | | | when planning what repairs and renovations you will do |
| rehabbers first. | | | | with the houses. For example, you must know the |
| Do you have love for repairs and house maintenance? | | | | number of rooms prospective buyers in that area are |
| This should be no problem for handymen, or people | | | | looking for. It will be better if you knew where future |
| who love doing odd jobs on their own. If you have the | | | | development projects like schools, hospitals, and |
| knack for fixing clogged sinks, busted door knobs, | | | | shopping stores will be built. |
| leaking roofs, and other household repairs, then | | | | You must have the nose for the good deals. This is |
| welcome to the world of rehabbers. If you have the | | | | simply learning when to say “Yes” and when to |
| knowledge and skills, then you can actually flip and fix | | | | pass. There are scores of fixer upper homes and |
| a house by yourself or with very minimal help from | | | | other cheap properties in the market today. To say |
| other people. You will save on labor costs if you’re | | | | that you will run out of properties to flip and fix is |
| a handyman. This style, however, is time-consuming | | | | outright exaggerated if not crazy. Rehabbers whose |
| and tedious since you will do all the work yourself. | | | | noses for good deals are clogged by this fear will |
| If you have zero handyman experience, it’s not the | | | | always buy properties even when they get the bad |
| end of the world for you. One thing you can do is hire | | | | end of the transaction. You must learn to pass what |
| contractors. This is a costlier, of course, but is better | | | | you think will not lead to positive returns. |
| than not being able to flip and fix homes at all. The | | | | Learn how to do this and more at Watch videos and |
| good side with hiring workers is that the project will be | | | | read articles and learn how to flip and fix properties for |
| completed faster. | | | | profits. |