I work at one of the largest exterior remodeling companies in the lower South Jersey area and run appointments all day in Atlantic, Cape May, Cumberland county almost everyday.

We had a survey done for a remodel and the lot lines show encroachments for things that have been there prior to the 70’s.

Add a 10% over budget to your remodel estimates.

Remodel and Long Term Tenants What was the outcome?

I have teams in place for additions, remodeling, construction, etc, that I have covered.

@Pathik P. if you are looking to refi, pay off the HML and hold the property, your goal is to be all in at 75-80% LTV (including purchase, remodel, holding costs, cost of capital).

Complete Remodel

Unless the units are going to be remodeled and rent upped or if the units are brand new I'd look for a better deal.

Demoed a bad addition and remodeled everything cosmetically inside.

BUT:I have rehab underway (BRRRR) on a three story brick property built in 1910 with a large scope of work; attic conversion to master bed/bath, plaster demo, some framing, new plumbing and electric, insulation, drywall throughout, new windows and some doors, minor exterior repairs and soffit covers, painting, kitchen/bathroom remodel and new flooring except for the first floor living/dining room hardwood that.I have a flexible budget and am putting a lot of sweat equity in as well but after the pandemic threw a 2.5 month wrench into my plans, I am on the hunt for time savings and cost efficiencies.Initially, the plan was to tile the floors in the kitchen, the old bathroom as well as the new master bathroom on the 3rd floor.