The Main Stages of Rehabbing Your House

rehabbing your house

 

Now that you have built trust, presented an offer, and closed the sale you are ready for the next phase of your project – rehabbing your house.  There are six key stages to keep in mind, beginning with pre-construction to-do’s and ending with final details.  In between you will address things like structure, systems, and surfaces (both finished and unfinished.)

 

1)  Pre-construction

 

In this stage you are primarily focused on securing your new property using a locksmith, filing your plans and permits, and lining up your exterminators, plumbers, electricians, engineering and carpentry specialists.  How can you make this stage easier?  Start by identifying and on-boarding your project manager or General Contractor.

 

2) Rough Structure

 

In this stage you put your structural engineers, laborers, plumbers, carpenters, and landscapers to work doing rough soil grading, and rough plumbing, framing, sub-flooring, roof decking, and outside doors, windows, and trim.

 

3) Major Systems

 

In this stage you will turn your attention to some major items like fireplaces, HVAC, plumbing in walls and ceilings, bathtubs and showers, BATT insulation, and exterior masonry and concrete.   Your team here includes a number of licensed professionals including HVAC, plumbing, and electrical.   It also includes a chimney sweep, mason, and handyman or installer for the insulation.

 

4) Unfinished Surfaces

 

In this stage your efforts focus on drywall, garage doors, gutters, wood floors, cabinetry, interior doors and trim, and a cleanup crew prior to painting.  Here you should rely on your drywall crew, garage door company, gutter vendor, hardwood floor vendor, cabinet vendor/installer, trim carpenters, and make-ready crew.

 

5) Finished Surfaces

 

Now you are ready to begin your finished-surface projects like painting, installing countertops, laying down tile and flooring, and finishing up your HVAC, plumbing, and electrical work.  Your team for this phase includes your painters (interior and exterior), countertop vendor (laminate, granite, etc.), flooring vendor (tile, vinyl, or hardwood), HVAC specialistm and licensed plumber and electrician.

 

6) Final Details

 

This stage includes all of your fun “final touches” like mirrors and shower doors, appliances, carpeting, landscaping, and adding just the right accessories and décor to add sizzle to the property.  Here you will be relying on your trim carpenter, glass contractor, appliance vendor, landscaper, designer, and final cleanup crew.

 

If these six stages for rehabbing your house seem like a lot of work, they certainly can be if you don’t have your team ready and assembled as you need them.  As mentioned above, having a solid project manager can really help smooth out this process for you.  We will talk more about General Contractors and scheduling out upcoming work in upcoming posts.

 

If you are looking to scale up your volume, snap up quick deals and increase your ROI, short-term fix-and-flip financing may be the right choice for you.

 

Interested in faster loan closings, lower risk, and growing your fix-and-flip business?  Get our free step-by-step Fix-and-Flip Borrowers Guide for driving ROI and growth.

 

Ready to finance your next fix and flip property?  Anchor Loans has funded more than 13,900 short-term loans totaling over $4 billion— the majority of them to borrowers with less than perfect credit and on properties in need of repair.  Click here to apply for a loan or get a quick estimate.