The Fix and Flip Market is on fire!
Fixing up a property and then selling it is becoming more of a common way to make money on the side. So, you’ve bought a house that needs a few cosmetic fixes here and there. You’re ready to take a trip to the hardware store and tackle these renovations, BUT not so fast! We have 5 reasons why it may be a better idea to hire a property renovation professional for a few of these jobs when you need help with your fix and flip.
#1. Your Inexperience Will Show When Selling Your Fix and Flip
Unless you have expertise handling a paint or flooring job, you should probably step back. Cosmetic fixes and renovations might not seem like that big of a deal. Your uncle taught you how to paint a wall. It can’t be that hard, right? Wrong! Painting is one of the most underrated jobs out there. Once you start you’ll be itching to be done. Once you are done, your inexperience will show in the trim lining and color choice. Leave it to professional painters to help you make the right choices. They have a designer’s eye and the know-how to really do the job needed to impress potential buyers.
#2. YouTube Only Goes So Far
There’s a vast array of DYI YouTube videos on just about anything! Seems you could tackle any job with the right video. The trouble is, what video will lead you in the right direction? What if the video you use does it wrong?
YouTube can be a great educator, but it’s far too easy to fall down a rabbit hole of false information.
It’s much better to go with someone that is a real-life fix and flip renovation experience. Learning is fun, but use it on a home you’ll be living in and not on the one you must sell.
#3. Do You know the Building Codes or Have the Permits?
Not every home repair will need a permit, but some might, especially if it’s a fix and flip. Most professional contractors will know them and will get the correct permits. They’ll be done before you’ll be jumping through a million hoops of paperwork and contact information. Save yourself the trouble and fines by hiring a licensed contractor.
#4. Your Time Can Be Better Spent
Instead of suffering your way through a house repair that might not even pan out, hire out. Time is money and what might take you a whole day to do will probably take a professional a couple of hours. You could have been working at what you are actually good at! Weigh out your time and decide if a job is really worth it.
#5. You Could Be Spending More
While you think you are saving money by doing it yourself, you could spend more. Professional contractors have specialized knowledge on material savings and necessities. You might get a deal on something only to find out you didn’t need it or you bought the wrong tool. Save your wallet and your time!
Knowledge is half the battle. Sometimes we forget that notion when we feel capable. You might have the time, money and basic know-how, but some jobs just need expert experience.
Consider hiring a contractor for these jobs:
- Pest Control
- Renovations for Real Estate (drywall work, professional painting, cabinet hanging, etc.)
Looking for a local Cincinnati Ohio renovation team to help fix before you flip? RedHawk Property Solutions is at your service! We specialize in renovating and fixing up investment properties to get them ready to sell. Whether it’s installation of new flooring or changing out light fixtures, our team is ready to help you fix and flip and sell! Contact us today for a FREE quote!