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Sunday, January 17, 2010

Immediate Changes To Make In Your Investment Properties!

By Gavin J. King

Taking the first step, they say, is always the heaviest. Once off the ground however, the progress should be rapid and well planned. In the home rehabbing business, this seems to be common difficulty. Many times the most glaring issue that is wrong with a home is not easily discovered. Rehabbing houses could be a headache if you don't know where to start. To assist you in discovering your best plan of attack I have included a brief list of typical issues you may want to address first.

The first thing you need to take care of is not always the most obvious. Finding a good place to start will help you keep your rehab project proceeding in the right direction. To save you from all that stress, here's a lose list of what repairs you must do first when rehabbing houses.

First thing you should do is create a time-line for repairs. If you have a contractor, consult him and set a deadline for repairs. Can you get this or that done is a set period of time? Ten to twelve days? After you establish these time lines then you can work hard to meet that deadline and continue through each one.

All appliances must be taken out of the property. There are plenty of refurbish stores that will gladly resell your materials to people who may need them. The money can always go toward something in your own project. Repainting an old home also brings a new vitality to any old home.

Now, on to the bigger types of issues. Your projects will never have a budget big enough to anticipate all the repairs you want to do. Keeping a list that tracks your most important repairs and accounts for them first will help you stay on budget. Anything structural must be taken care of first and by a licensed professional. After that you focus on the obvious cosmetic repairs. Anything to do with any substance or material that directly support the roof is considered a structural repair.

It is also important to make any changes to the ventilation system in your next steps. Plumbing and electrical systems must be updated if necessary. Cosmetic repairs or beautifying improvements will follow. Making any changes to lights, wall materials, paint or siding can be included on your list of cosmetic items to do. - 23217

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