Anyone can rehab a property, but not everyone will be successful at it. From the outside it would appear that all you need to do is buy a property, throw some money at it and wait for offers to pour in. If you have ever flipped a house before you know that this is not the case. There are several seemingly minor things that can ultimately have a huge impact on your bottom line. Omitting, or ignoring, these important steps can make all the difference between an average return on investment and a significant one. Sometimes knowing what to avoid is more helpful than knowing the right steps to take. Here are five common rehabbing mistakes you should avoid at all cost.
For all the upside that rehabbing offers, it is not without some landmines and pitfalls. There are many mistakes to avoid but focus on these five common rehabbing errors.