With the popular television series that shows home improvement experts transforming transformed houses into beautiful vacation spots, many investors are getting into the fixer-upper game. According to Green Residential, this is not for everyone, but if you like real estate and are not afraid of getting your hands dirty in fixing and flipping projects, that is the best way to make money.
Direct investors will try to get greater profits by doing and doing some work. Depending on the situation, some investors will take a DIY approach for the entire project.
However, unless you are a certified contractor, it might not be wise to work on the project yourself. There are some things that you can do yourself and others that you must do to a professional.
Use this guide to make a difference.
5 DIY Projects You Can Do
Here are some things that most people can handle if they are physically fit and have the right tools:
Demolition is relatively simple and fun for anyone. With a little brute strength, a sledgehammer, and safety equipment, you can tear open cabinets, tiles, sinks, etc.
Therefore, demolition can be wrong in the blink of an eye if you do not know your environment. A sledgehammer through the main pipeline will be a big disaster, to say the least!
If available, drag your home's blueprint before diving into anything. If there is no blueprint available, ask your contractor before continuing.
Anyone can paint with the right equipment and quality tape. Pay extra money for painters who stick well and will leave clean lines, and use neutral colors that are popular to attract potential buyers.
Tiling is not difficult, although it requires the right tools and an eye for precision in order to do it right. You want to watch several YouTube videos for tips and tricks to install tiles correctly.
Vertical tiles, like backsplash or shower, are even more complicated. You can do this with a little practice, but you need the right tools and expertise to put it perfectly without bending or gliding.
Many fixer-top projects involve knocking down walls, knocking down cabinets, and other big changes. As a result, you have to do drywall and patch. This is a simple project, and you can learn the basics from thorough online.
When the project is finished, you want to arrange it well to attract buyers. The average house sells 73 percent faster, according to TheMortgageReports.com. You can save a lot of money by organizing it yourself instead of hiring a company to do it for you.
Decorating is natural for some people, but it may be more difficult for others. Look at design magazines, Pinterest, and other inspiration to help you get the right look.
5 Things to Become Professional
The first five items on this list can be easily completed with your own hands without any expertise. Before trying to do the next five alone, consider hiring a professional. You can deal with expensive and dangerous mistakes if you try it yourself.
It's true that plumbing is just a bunch of pipes connected together with pieces that anyone can buy from a hardware store, but it's far more complicated than you might think. And one mistake in plumbing can mean extensive water damage throughout your home. The cost of hiring a plumber is safer and cheaper in the long run.
Even more terrible than a plumbing error is an electrical error. One wrong step can cause your house to catch fire, and you never know whether someone might be injured. An electrician is trained in safe practices that must ensure you have an electrical system that is safe and updated without the risk of fire.
Like plumbing, the roof looks simple but is actually very complex. Roof errors are the most common cause of roof leaks, which creates serious problems throughout the house. Buyers see roof leaks and immediately turn the other way – don't make that mistake when you try to sell a very expensive construction project to make a profit!
While you might be able to handle a very small concrete project yourself, leave the big one to the professionals. Concrete dries quickly, and you can easily end up on sloping or rocky roads. Incorrect installation of concrete can also cause cracks in the future. It is very expensive to fix, and you should hire a professional from the start.
5. Wall Movement
Knocking down walls seems to be a favorite choice for fixing and fins, but usually this is not a simple process. Breaking down walls that hold weights can mean challenging the integrity of the entire house, and installing beams that hold weights is very expensive and requires the expertise of an architect.
With your next renovation investment, a healthy mix of DIY projects and outsourcing for a professional will get you on the right path to profit.