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24 November 2015 | 16 replies
Manager lives on-site.Ok, those are the things that are positive about the home and community.Now for the things I feel would need to be added/completed/renovated before ready for sale or rent:New gutters - ~$800Laminate flooring in kitchen and bathrooms to match entire house - estimated $500Stove/Oven - ~$600Fridge - $700W/D (optional) - $600Window in master bedroom - $200Ceiling fan in master bedroom - $200Kitchen sink - $200Redo all door trim/paint all doors/rehang, replace or adjust a few doors - ~$500 (just a guess)Add small door to water heater closet ~$100New master bathtub - ~$8003-4 panels of skirting need to be replaced - $ (no idea) but estimating $200Ramp/Stairs/Deck leading to front door needs to be replaced - $1000Landscaping in front - $200Cleaning entire home to make ready for sale - $200I'd like to get a foundation specialist to look under the home (free)Roofing specialist to talk to me about the metal roof (free)I need to ask her about the furnace (forced air) and its age and working condition.I need to factor in about three months of lot rent (at $375 per month) for the renovations to be completed - $1125And I'd like to have $1000 set aside for unexpected rehab expensesGRAND TOTAL = $8925This would mean that our negotiations to the seller would start at $11,075.First, are these figures anywhere close to realistic?
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23 January 2016 | 11 replies
As mentioned above, you will need to be there (or hire someone to supervise) to monitor daily activity and track hours.
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23 November 2015 | 3 replies
If not, are there tips you can share on how to judge how much life is left in your furnace/boiler or central air system?
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24 November 2015 | 9 replies
So here's what I'd do....I would refinish the wood, something I have done with some success myself just for cost of rental sander, sand paper (all three grit levels), and stain and poly....get a bid on hiring it out, too..
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27 March 2016 | 53 replies
You may not need a lot of money to start but you will be competing with some who have large budgets, send out thousands of mailers monthly, maintain multiple websites, hire answering services, and attend many meetings to keep themselves in front of buyers.
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23 November 2015 | 2 replies
Just a guy that helps the owner(something along those lines).I hired a PM company to deal with most of the day to day operations on my first property.
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22 November 2015 | 0 replies
Another common problem is getting 3 quotes, if you shop too much, then eventually, you will rule out all busy contractors, typically they are busy because they get hired most of the time.Anyway, can you post YOUR top 5 questions and I will try to pick the top 10 to answer them.
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23 November 2015 | 7 replies
Here is what we are doing...Re key home to make new tenant keysClean up and shape the landscaping and trim tree in rear of homeRepair exterior wood - Repaint all exterior siding and trim.Repair gate / fence leading into backyardReplace all kitchen cabinets with new cabinets - Paint white, then antiqueNew st steel stove, dishwasher, and vent a hoodNew countertops (kitchen)New wood laminate flooring in 2 living areas and hallway - 1st floorNew tile floor in downstairs bathroomNew vanity and sink in downstairs bathroomTile walls around tub to replace old tub surroundNew brushed nickel light fixtures and fans throughout the homeNew carpet and pad on stairs and upstairs hall and bedroomsNew tile floor in upstairs bathroomNew vanity and sink in upstairs bathroomTile walls around tub to replace old tub surround upstairs bathReplace old / damaged sheetrock where needed (mostly downstairs)Repaint all ceilings throughout homeRepaint all doors and trim throughout the homeRemove all wallpaper and paint all walls standard neutral colorsReplace all interior and exterior doorknobs and looks to new brushed nickel look to match lights and fansReplace all cabinet pulls and knobs with brushed nickel to match door knobs and lights/fansLicenced plumber to repair and service all plumbing fixtures / pipes to ensure no leaksLicensed HVAC technician coming to service and clean the heat and air to ensure it is working property."
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23 November 2015 | 2 replies
I'm looking to interview to find a GC to hire for a flip.