Pump Up The Value Of Your Rehab Real Estate Investment

Pump Up The Value Of Your Rehab Real Estate Investment

There are two legal ways to increase your wealth.

1. Keep more of what you have (e.g., tax strategies, rehab efficiencies, cost savings)

2. Add value to something (e.g., a real estate investment, stocks, bonds)

Let’s focus on adding value to your rehab investments.

The most obvious is certainly bring it back up to standards. We HAVE to do the obvious things such as:

– Ensure there are no plumbing leaks and the entire plumbing system is in good working order, including potable water and sewage/septic and water heater.

– Ensure the electrical system is safe and working. This may require an upgrade. This includes all outlets, breakers, heat and AC.

– There can be no leaks in the roof! Obvious, but sometimes this is hard to determine if it isn’t a rainy season. You might have to take a garden hose to the roof to be sure. Station someone in the attic with a flashlight.

– Get rid of any rotted wood or termite damage, repair walls, etc.

Those items I’ve listed and others like it are no-brainers. ...