Real Estate Marketing & Beyond
The goal with every rehab is to complete it as quickly as possible while keeping it on budget and not compromising quality. Each project is different depending on the scope and magnitude of the project but with each project, you need a timeline for the order of completing each aspect of the rehab. Careful planning is required to avoid overlapping contractors or doing work out of sequence causing more work later. For example, if you paint the interior too soon, you’ll be painting the house all over again (this has happened many times!). The goal is to have as many things as possible going at once that don’t affect each other. For illustration purposes, let’s assume you’re doing a project that needs a full rehab. Here is an example timeline:
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Phase 1: All of the following items are the first things to do and can be done at the same time independent of each other.
Phase 2: Once Phase 1 items are complete, you move on to Phase 2:
Phase 3:
Phase 4:
Phase 5:
Phase 6:
Phase 7:
Phase 8:
Phase 9:
Phase 10:
Phase 11:
This is just an example. With each project, constantly ask yourself, “What else can be going on right now?” Building a timeline upfront involves planning the sequence of work and then scheduling the contractors. This means that you need to be very organized with your contractors. It means you need to constantly think ahead to what’s going to be next.
Please leave a comment if this article was helpful or if you have a question.
Author bio: Brian Kline has been investing in real estate for more than 35 years and writing about real estate investing for seven years. He also draws upon 30 plus years of business experience including 12 years as a manager at Boeing Aircraft Company. Brian currently lives at Lake Cushman, Washington. A vacation destination, a few short miles from a national forest. In the Olympic Mountains with the Pacific Ocean a couple of miles in the opposite direction.
