Multi-Family Home Remodel (Interior/Exterior)

[Nicholas DeCristofaro]

Investment Info:

Small multi-family (2-4 units) other investment in Johnston.

Cash invested: $40,000

I currently own a 2 family unit, I am living in the upstairs unit and renovating the downstairs unit. The downstairs will be completed Sep 2019 and potentially rent for $1400/month. The downstairs bathroom and kitchen were completely remodeled, and the remaining 2 bedrooms and living room are getting updated with minor cosmetic work. I did the demo work myself and hired contractors for the remodeling.

Lessons learned? Challenges?

I learned how to coordinate and deal with multiple contractors, I also learned certain ways to be strict when dealing with a budget. This property has given me a solid foundation so that when I purchase my next property I will be able to remodel and work more efficiently.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Every contractor I worked with I would absolutely recommend to anyone in the RI area. They were professional, efficient, and clean. Most importantly when their job was done, it was done right and I was satisfied.

[Nicholas DeCristofaro]

Originally posted by @Taylor L.:

Nice deal! That's a good looking house. Should be a nice money maker for you. Where did you find your contractors?

Taylor,

Fortunately for me, Rhode Island is a very small state so I found all of my contractors by word of mouth. My family had used the general contractor in their homes on many occasions, so before I even called him I could see the type of work that he's done. The GC linked me up with his electrician, to which does amazing work and I've developed a good relationship with him. Also, my best friend growing up is a licensed plumber so I used him for all of the plumbing and heating work.

Rather than going online and searching for contractors, I prefer to talk to friends and relatives and ask them who they use because I can physically see the end product of their work. Rhode Island might be that smallest state in the country but it certainly has its perks!

Thanks for the positive reinforcement, it means a lot.