Bigger Pockets’ contributor Connie Brzowski has an excellent article chock full of info on rehabbing.
She brings out 3 main points the amateurs on such shows as Flip This House and Flip That House seem to miss.
- Exit Strategy
- Market Likes/Dislikes
Too many people think all there is to a rehab is hiring out a contractor and painting a little while sprucing up here and there.
But it’s the small stuff that can make or break you. For example, Connie points out when you need to put in granite and when you shouldn’t.
(Is it really surprising some markets could care less if you just installed fine granite from Italy?)
Go over to Bigger Pockets and print out Connie’s advice. After all, she actually does rehabbing. She knows what she’s talking about. It could save you big bucks in 2008.