We get it – it’s your investment property and you want to put just enough work and money into renovating it to make it cash-flow positive but not a penny more. For some investors, this means that a lot of the work is DIY because a little elbow grease is often the cheapest form of labor. If you’re planning to renovate a few rooms or the entire home, you’d be better off hiring a remodeling contractor than trying to DIY the whole project yourself. Hiring a professional will save you money, time, and headaches.
1. Building Codes & Permits
If you don’t know your local codes and permitting process, you can drastically delay finishing your project. The legal side of a renovation project can be a maze in and of itself and if you’ve never gone through the process before, you may miss something important that could set you back weeks or even months to get corrected and pass inspection. Professional contractors will be up to speed on local building codes and permit requirements.
2. Money Savings
It might seem counter-intuitive but spending money on a professional contractor will save you money in the long run. If you’ve never remodeled a house before, you may do projects in the wrong order which could end up costing valuable time and materials to work around or repair – all this extra work costs even more money! A general contractor will have the knowledge and experience to get things done right the first time.
3. Maintain the Project Timeline
As with many other areas of life, remodeling projects come with their own surprises and hiccups. How will you handle a rain delay? Which subcontractors should be present and working at which times? What will you do if your materials order is delayed, incomplete or just plain wrong? A professional contractor will know how to handle unexpected rain, materials delays, and subcontractor schedules.
Not all projects are created equal and neither are remodeling contractors. Be sure you pick the right remodeling contractor for the job by asking a lot of questions – even the tough ones. Hiring the right contractor can significantly impact your Return on Investment, this isn’t something you should DIY. Contact us if you have additional questions about how to pick the right contractor for your project!
