Buying investment property: the order of construction tasks
Today’s environment is suitable for smart people to buy investment property. As always, the best deals are found where there is more work. However, these offers are not for everyone. In order for you to capture these bargains, you need to know how to properly renovate a home. You will need cash flow, materials, and competent workers. The goal of this article is to teach you the correct order of tasks when renovating.
Rebuilding a house is mostly a sequential task. One task waits for another, your schedule increases when a single job stops the rest. Typically, multiple jobs can be completed side by side, but if you and your team are not proficient in completing jobs in sequence, then one job can delay all other jobs. Time is important as no matter what you spend, you won’t get much financial advantage until your project is complete. In other words, you need to know how to quickly renovate a building if you really intend to renovate your finances!
There are literally thousands of tasks to complete when renovating a home; here is an abbreviated list of tasks with descriptions:
Planning – Spend a lot of time building a building plan, timeline, and floor plan before you begin. Try to arrange a meeting with all the mechanics to get what they need. You will need to make adjustments to build all the mechanical straps and cabinets in your floor plan.
Permits – Always make sure you get local approval before spending a penny.
Temporary power: it will be needed if you don’t have power available
Demolition: Remove and dispose of all obsolete and rotten materials. Deconstruct all the way to the bare studs if necessary. Clear the workplace of trash, weeds, and unnecessary items.
Structural – Repair all structural elements from foundation to ceiling joists
Roof – Complete the roof now so the interior remains dry
Siding: repair all siding in the house now
Exterior Windows and Doors: Once completed, the building is dry and safe.
Exterior paint – This can happen at any time from now on.
Internal Framing – Build all internal walls and framing.
HVAC: Install the unit and all necessary plumbing.
Plumbing – Here’s what to do next, as sewer pipes are somewhat inflexible and larger than cables.
Electrical: All cables and boxes go in the walls.
Insulate: Now insulate the walls and while they are open. Consider more effective spray foam insulation.
Walls – Now apply plaster or plaster to your interior walls and ceilings
Insulate the attic – The new roof tiles will support the attic insulation.
Paint: Paint the walls and ceilings at this point.
Interior Doors – Time to install doors and doorknobs.
Kitchens – Install your kitchen cabinets and countertops.
Bathrooms – Install the sink base and cover. Finish off your wrap-around bathtub.
Finish Carpentry – Complete all door and window trims, baseboards, and any other necessary finish carpentry around the house
Finish the mechanics: The HVAC contractor can now fit the manhole covers and thermostat. The plumber can now fit faucets, install toilets, and trim tub and shower fixtures. Electricians will now install outlets, switches, and hang light fixtures throughout the home.
Paint Finish – All trim painting can now be completed.
Cleanup: Remove excess materials and clean the house and site again.
Flooring – Install your flooring now that the house is clean and ready.
Landscaping and decoration: now is your chance to decorate your building.
Rent or Sell: It’s time to stop spending and start earning some money from your project!