“Just closed on a property. Time to make the rehab plan!”

This page pulls together ideas from different sites, blogs, articles, podcasts, books, etc., on how to best plan, manage, and execute rehab projects. Check back for updates!

Decisions to Maximize Rehab Dollars

Do’s and Don’ts

Do’s

• Add a Bedroom (If Legally Possible)
• Bathroom and Kitchen
• Add an Extra Bathroom (Sometimes)
• Hardwood Flooring
• Off Street Parking
• Extra Storage
• Curb Appeal
• Basic Spruce-Up

Don’t’s

• Luxury Upgrades
• Materials That Won’t Wear Well
• Replace Things That Can Be Repaired Instead

References:

• Rental Renovations: Which Maximize Rates & Lower Vacancy – And Which Don’t?