subject: How to Rehab Houses without Spending a Fortune [print this page] How to Rehab Houses without Spending a Fortune
Contrary to popular belief, you don't have to spend hundreds of thousands of dollars just to rehab houses. You don't have to go beyond your budget just to ensure that your fix and flip project will easily attract the attention of potential buyers. Believe it or not, you can add value to your investment properties without spending a fortune. All you have to do is use your creativity and resourcefulness when rehabbing real estate.
Here are some money-saving ideas that you can use when renovating fixer upper homes for profit:
If you have a small rehab budget, you might want to go for investment properties that require only cosmetic repairs. Properties that require huge structural repairs can cause a huge dent on your budget, which is why, you may need to steer clear of these houses if you think that you don't have the financial capability to undertake "heavy" fix and flip projects.
Recycling old fixtures is a great way to minimize expenses when rehabbing homes. Before you gut down the house, take at good look at the property first and identify the fixtures and furniture that don't need to be replaced. A good example would be the kitchen cabinets. If the old cabinets are still usable, you should consider replacing the doors and hinges and repainting them instead of installing a new set. This can help you save thousands of bucks.
An unkempt yard will scare a buyer off so don't forget the take care of the growing weeds and dead plants and trees when you rehab houses. Planting flowers can significantly improve the looks of your yard. And what's more, flowers are inexpensive and they can add a significant amount of curb appeal to your fix and flip project without you having the need to spend thousands of dollars.
Replacing old electronic switch plates is a great way to save money while improving the interior of a house. Electronic switch plates cost no more than a dollar each and for $20, you can replace all the switch plates inside the rehabbed home and ensure that the property will easily grab the attention of prospective buyers.
It is important to keep track of your expenses when you rehab houses. If you're going to blow your budget on single property, you may end up losing money instead of making huge profits. For more tips on rehabbing houses and investing in real estate, meanwhile, log on to www.Rehab-Real-Estate.com.
