Are you about to take on your first major renovation project on a rental property? It's thrilling to take on a new project, but it may be difficult to figure out the finances, find inspiration, narrow the scope, find the right team, and evaluate cost breakdowns for a fix-and-flip or rental property renovation.
However, a schedule for the renovations has not been planned. Many first-time property buyers fail to account for this factor, which can result in costly delays and overruns.
Once a project begins, it is usual to discover that the estimates were inaccurate, despite your best efforts. Many things might go wrong on a building project, leading to surprises you hadn't planned for.
In this article, you'll learn valuable information that will help you schedule your fix-and-flip job so that you're ready for any challenges that may arise. Prepare yourself with some coffee and note-taking.