When it comes to renovating a property, every real estate investor has his or her own system. However, any house flipping veteran will tell you that some areas of the home require immediate attention while other projects can wait. Here’s a quick 4-stage breakdown that will keep your operations running smoothly at all times so that you can pass inspections.
Stage 1 – this phase is laying the groundwork for future construction.
- Have all of your blueprints, permits, and land surveys ready.
- Be sure to order a portable dumpster and portable toilet for the construction workers.
- Repair the house’s foundation.
- Check for mold and pests.
- Inspect all of the trees, and remove any showing signs of advanced rot.
- Address the septic system problems, if any
Stage 2 – at this stage, you need to get ready for your first wave of inspections.
- Fix the windows and window panes.
- Make any changes to the roofing, specifically to the gutters, shingles and the soffits.
- Replace the siding of the house if needed.
- Early stages of electrical work and plumbing.
- Prepare the heating, venting, and air conditioning (HVAC).
Sage 3 – this is where you start to turn the house into a home.
- Install any exterior additions such as decks, porches, or a garage.
- Put in the insulation (and prepare to have it thoroughly inspected).
- Install the wall trimming.
- Set up a fireplace at this stage, if so desired.
Stage 4 – this is the home stretch. You are almost there!
- Finishing touches such as the interior and exterior paint.
- Don’t forget to implement your landscaping plans from stage 1.
- Cabinets, flooring and countertops go in last so as to avoid unnecessary damage.
- The appliances need to be hooked up.
- Finish the electrical work, plumbing, and HVAC system installation from stage 2.