As a real estate investor, you'll need to eventually do some renovations on your property. Dawayne David Butler has been investing and fixing up her properties for more than thirty years. Whether you find yourself needing to renovate due to damage, or you are simply renovating to increase the value of your home, the following tips will help your remodeling process as painless as possible, all while saving you money.
Remodel your property when you don’t have tenants living there. This will allow you to work without interfering with a tenant’s peaceful enjoyment of the space and you don’t have to work around their schedule. If you do have to do work while you have a tenant, work with them to come up with a mutually agreed upon schedule.
Out of all the improvements, you can do, the floor is the most important when it comes to quality. This is because it endures the most wear and tear from tenants. You also want to choose high-quality bathroom fittings in order to avoid the corrosion and buckling lower quality fittings are prone to.
When updating appliances, go green. Efficient appliances last longer, are environmentally friendly and will save you money in the long run. Invest in low-flush toilets to conserve water, replace the tub with a low-flow shower, and purchase energy efficient kitchen appliances.
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