BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago, 11/04/2021
Steps to Rehab an apartment
I've renovated different properties, but never an apartment building. I'm looking at a 90 unit. My questions are this:
What do I do first? the exterior to bring so I can start increasing rents...?
I'm looking for a specific checklist.
Heres what I think, but this is a guess?
1. Start on exterior to make the curb appeal look good.
a. In this case, The parking lot needs to be done, the exterior is super tired and do the roof... I figure making the exterior nice will bring in higher $$ tenants... Do I hire someone to design it? how do I know its going to look good, etc... Colors? siding ideas??
2. Then Interior community walk ways? do the interior walkways to make the inside more enticing.
3. Then once the leases are up, start renovating the units... include low flow toilets etc...
4. replace the guts, plumbing HVAC, electrical etc...
Is this right, does anyone have a blueprint or checklist??? Thanks in advance...
If anyone wants to partner or has ideas, call me
Jesse Olson from MN