They can provide a more accurate assessment and potential repair costs.When dealing with homes from the early 1900s, it's prudent to overestimate your renovation budget to account for unexpected issues.

Maybe you run into surprises during the remodel and blow the renovation budget.

But when they arise, they often cost several thousand dollars or more, hence the budgeted holdbacks.

Upping the budget for a proper property is not an issue.

I closed on the building in June 2023 and I was off.Right out of the gate I was over budget.

These are critical aspects that can influence not only your budget but also the overall feasibility of the project.However, if you’re looking for a lower-cost value add, turning the shed into a high-quality storage space could be a solid first step.

It is an expensive project, and probably only pencils if you have a 6 figure budget... this isn't what most investors want to hear though.

I have a budget for my first purchase of about 500k and I am looking heavily at Atlanta or Decatur GA.

Most often it was out of need for a specific location and space, so I first concentrate on the location, then #beds (typically), once I've narrowed it down, then I go to budget.

We plan on being  long distance owners/mgrs and can't imagine findng & hiring someone to rent a truck, drive around and grab furniture on a onesy/twosy basis, particularly within a reasonable timeframe to not delay launch.