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Home Renovation Q&A: Permits, Building a Scope of Work, & Managing Renovations
Manage episode 476407100 series 83575
Does your rental property need some updating? Maybe you’re buying a house with unpermitted work, and you’ve got to go back and fix a few problems. Or, this could be your first home renovation as you try to squeeze some sweat equity out of your property. Regardless of your situation, if you’re planning a home renovation, you’ll need to know how to do a few things: build a scope of work, pull permits, manage contractors, and ensure the job is actually getting done. We’ll help you do all of those today!
We’re taking questions from the BiggerPockets Forums today and answering topics like:
What to do when your home has unpermitted renovations
How to analyze your first rental property or house hack
How to build a scope of work to ensure you get the HIGHEST appraisal value
The best way to check in on renovations, especially if you’re investing out-of-state
Some of these seem tricky if you’re a first-time investor, but don’t worry, ANYONE (even a newbie) can handle a home renovation IF you take the right steps and follow our suggestions.
In This Episode We Cover:
Should you EVER buy a house with unpermitted renovations? And how to get permits retroactively
How to analyze your first rental property (or house hack) to make sure it’ll pencil out
Building a scope of work (SOW) so you have a bullet-proof renovation plan
How to check in on your home renovation if you’re investing from a distance
The one contract contingency to add IF you’re worried about renovations the seller made
And So Much More!
Links from the Show
Let Us Know What You Thought of the Show!
Ask Your Question on the BiggerPockets Forums
Apply to Be a BiggerPockets Real Estate Guest
Get Early Bird Tickets to BPCon2025 ($100 Off!)
Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust
Ask Your Question on the BiggerPockets Forums
Ready for Your First Home Renovation? Grab “The Book on Estimating Rehab Costs”
Sign Up for the BiggerPockets Real Estate Newsletter
Find an Investor-Friendly Agent in Your Area
How to Renovate a House—Whether You’re Renting, Flipping, or Moving In
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1107
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
1327 episodes
Manage episode 476407100 series 83575
Does your rental property need some updating? Maybe you’re buying a house with unpermitted work, and you’ve got to go back and fix a few problems. Or, this could be your first home renovation as you try to squeeze some sweat equity out of your property. Regardless of your situation, if you’re planning a home renovation, you’ll need to know how to do a few things: build a scope of work, pull permits, manage contractors, and ensure the job is actually getting done. We’ll help you do all of those today!
We’re taking questions from the BiggerPockets Forums today and answering topics like:
What to do when your home has unpermitted renovations
How to analyze your first rental property or house hack
How to build a scope of work to ensure you get the HIGHEST appraisal value
The best way to check in on renovations, especially if you’re investing out-of-state
Some of these seem tricky if you’re a first-time investor, but don’t worry, ANYONE (even a newbie) can handle a home renovation IF you take the right steps and follow our suggestions.
In This Episode We Cover:
Should you EVER buy a house with unpermitted renovations? And how to get permits retroactively
How to analyze your first rental property (or house hack) to make sure it’ll pencil out
Building a scope of work (SOW) so you have a bullet-proof renovation plan
How to check in on your home renovation if you’re investing from a distance
The one contract contingency to add IF you’re worried about renovations the seller made
And So Much More!
Links from the Show
Let Us Know What You Thought of the Show!
Ask Your Question on the BiggerPockets Forums
Apply to Be a BiggerPockets Real Estate Guest
Get Early Bird Tickets to BPCon2025 ($100 Off!)
Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust
Ask Your Question on the BiggerPockets Forums
Ready for Your First Home Renovation? Grab “The Book on Estimating Rehab Costs”
Sign Up for the BiggerPockets Real Estate Newsletter
Find an Investor-Friendly Agent in Your Area
How to Renovate a House—Whether You’re Renting, Flipping, or Moving In
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1107
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
1327 episodes
All episodes
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