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Complete Home Rehab In 10 Days
This report is about taking a house and
restoring it to an aesthetically pleasing dwelling that has reclaimed it’s functional utility. In effect, it is the anti-aging medication for
bricks and mortar.
This report assumes that you have already or will soon acquire the proper house. The one that
is in essence, ripe for rehab. Be selective and sure of the house’s potential to allow for a profit after all the hard work is done. I will help
you find your house or houses.
In the proverbial nutshell, it helps if you choose a house from the start that has a sound
plumbing, heating and electrical system.
* Plumbing
* Heating
* Electrical
These are things that are expensive to correct in relation to the value they return to you upon resale. Most
often, people cannot see the inner workings of these systems and they take them for granted.
Very few buyers are going to give you an extra $15,000-$20,000 in your asking price because you
have replaced things that they can’t see and already take for granted as just a basic component that is buried in the structure. Also, they
assume these components to be warranted against defects by you.
After all, it is mandatory in most, if not
all states that you fill out a disclosure form that tells the buyer of every defect that exists or ever has to your knowledge. So inspect the
systems of your investment alternatives carefully, as they can be expensive to repair and replace, with minimum dollar return value being
realized at the sale.
Along these same lines, you should also pay close attention to the following cash
vacuums:
* Roof
* Foundation
* Structural Integrity
Here are a few ways to quickly gage a home from its appearance:
Stand across the street from it. Now look at the bones of the structure. Does it look like a
sway-backed horse, with the roof sagging in the middle? Does it have flat areas in its design that don’t allow water to be drained away
quickly?
Water, dampness and rot are the equivalent of cancer to the human body when it concerns a
structure. Shingles can be replaced. That won’t necessarily stop me from buying. Usually I will use that old roof as a bargaining chip in
negotiating the seller down to a lower price. However, if I crawl into the attic and see that the plywood has become rotted and truss members are
also affected, it’s time to move on to my next potential deal. Life is too short and I will never rehab it in 10 days if I have to rip the roof
off and rebuild it too.
Some other conditions, such as sagging eves, wavy roof surface, rotten fascia and trim pieces,
and insect infestations can be deal killers too, if severe.
Solution: Get into the structural members
with a long, sharp, sturdy, standard flat-tip screwdriver and attempt to penetrate structural components that are made of wood. You won’t hurt
anything if there are no underlying deficiencies. However, if someone has freshly painted over or patched it, that screwdriver is one heck of a
lie detector! Use it.
Now, I’m not saying people would do that. It may just be the termites have eaten everything but
the exterior coating of the wood to conceal their activity whatever the case probe.
There are also tile roofs, metal roofs, cedar shake roofs, hot-rolled roofing, tar and gravel
roofs and always a few new high-tech roof coatings. I feel my main concern is whether the decking or the roof support structure has been
undermined by water, insects, rodents, poor materials, poor design or craftsmanship, a lack of fasteners, strapping, etc.
Shingles and coatings can be replaced. Just know what is underneath. That’s my criteria.
Negotiate lower for needed replacement of roof coverings if you can. I dwell on roofs because it protects everything else!
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