So you think you can dance?
Anyone who has seen the TV show "So you think you can dance?" sees that the end result is spectacular and that the people involved needed to do some work to get to the end result.
The same thing is true for those "flip that house" shows that focus on someone buying a house, rehabbing it, and turning it into something spectacular.
But the people of both shows need to realize that just because you can see someone else do something, doesn't mean that this is suited for everyone. Rehabbing houses takes a lot of key skills:
- Project management - you have to be able to manage due dates and other people (unless you are a one-man or one-woman show, which isn't feasible)
- Stress management - likely, not everything is going to go 100% the way you want, so you have to be able to handle the stress involved with that.
People management - you are going to be dealing with contractors, inspectors, neighbors, and possibly lenders/investors, realtors, buyers, etc. You need to be able to deal with people. If you're a hot-head or too shy, you will have a hard time.
Money management - if you can spend money faster than you can make it, this job might not be for you. During a rehab you need to control costs and ensure that you don't overspend on your budget. If you can't stick to a budget in your personal life, it will be hard to stick to a budget in your rehab life.
Overall, doing rehabs can be a worthwhile adventure. But you need to be able to have the skills necessary to "dance".
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