investor seeking tips for quick affordable rehab for property

[Jenifer Merry]

Hi! I’m an investor seeking tips for quick affordable rehab for a property that will be a 3bed/2bath in a downtown area. Currently the house is in really rough shape. I normally wouldn’t buy something like this but it was cheap and the neighborhood is overall pretty good. It’s close enough for people to walk to the local university, downtown parks, and more. I also already know some of the neighbors and it’s a safe area. 

My background is more in residential new construction (ground up) and investing in larger multi family properties. This is out of my comfort zone but …. Growth? 🤷🏼‍♀️

any tips on ways to keep the Reno costs down, not overthink the process, and not overspend or destroy my timeline are appreciated.    

[Steve Vaughan]

Quote from @Jenifer Merry:

Hi! I’m an investor seeking tips for quick affordable rehab for a property that will be a 3bed/2bath in a downtown area. Currently the house is in really rough shape. I normally wouldn’t buy something like this but it was cheap and the neighborhood is overall pretty good. It’s close enough for people to walk to the local university, downtown parks, and more. I also already know some of the neighbors and it’s a safe area. 

My background is more in residential new construction (ground up) and investing in larger multi family properties. This is out of my comfort zone but …. Growth? 🤷🏼‍♀️

any tips on ways to keep the Reno costs down, not overthink the process, and not overspend or destroy my timeline are appreciated.    

 Reduce waste, re-use, refinish, re-surface.  Especially wood floors, cabinets, countertops.  

Swap carpet for laminate, use LVP over sheet vinyl. 

And lots of properly prepped paint on walls/trim.   Good luck!