Short backstory; I’m a licensed builder in MI and have been on my own for 1.5 years completing structural restorations, insurance claims (roofs, siding, floods, etc), and about 15 or so bathroom remodels.

That chuck of change could go a long way towards renovations like a small bathroom remodel, interior painting, or new flooring, etc. if you choose to sell at a higher list price. 

Complete remodel including new flooring and paint throughoutupdated the bathroomremodeled the kitchen- added a dishwasher and gave more dining room space (did not remove a wall just remodel the kitchen so that the refrigerator could fit in it) added more cabinet spacenew light fixtures throughoutadded curb appeal What was the outcome?

Build a portfolio of routine service call tasks and light remodels with actual costs that your Clients can compare to outside vendor's similar work.

Some benefits are restricted, particularly the rights to remodel or resell, per my understanding.

Remodel a kitchen/bath/new paint/maybe some new LVP flooring?

I'll get most all of my remodel money back out and be left with about 20% of my own money in the house - cash flow will be limited once rented.

I'm heading back in two weeks to finish setting up the remodeled unit so if anyone else is on island would be happy to chat then.

.- Additionally, we will use the loan to remodel our current home and rent out. 

11DefineConsult an interior designer12PlanCreate project plan (timelines, key dates, who to contact)13PlanCreate budget and brainstorm financing options14PlanSecure financing15BuildGet permits and licenseses16BuildGet water/electricity/power hookups set up17BuildPrepare for build (e.g. lay foundation)18BuildBuy structure19BuildBuild and remodel structure (insulation, electric, siding, etc.)20BuildBuild out interior design (e.g. paint, decorate, etc.) and buy appliances/decor21BuildBuild out lawn and landscape22BuildFinalize the exterior of the building (e.g. paint and fixtures)23MarketTake photos24MarketCreate listing25MarketCreate websiteThanks!