Investor Friendly Agent and Real
Estate Investor
I'm the Agent Who Buys Houses and
I understand rehabbing as a real estate investor.
If you need an investor friendly
agent or are looking to add to your network of Atlanta area
investors, I'm glad you found me online!
What is Rehabbing?
Rehabbing is repairing, updating,
and renovating distressed real estate. Full time rehabbers often buy
residential real estate and fully renovate the entire house to
include:
Floor Plan Change
A rehabber can often add
value to a home by changing the floor plan. This may be
something as simple as opening a small kitchen doorway to a
wider opening to give the living room / eat in area a more open
feel which is preferred by homeowners.
Sometimes a floor plan change
will involve adding rooms such a bedroom or bathroom.
New Kitchen
This includes new cabinets,
new counter top, and new appliances. The countertop is often
upgraded to granite.
New Bathrooms
This involves gutting the
bathrooms and installing new vanity, sink, toilet and tub or
shower unit. A lot of rehabbers prefer upgrading the fiberglass
surround tub to a bathtub with tile surround.
New Flooring
All flooring is replaced and
upgraded. Carpet is the cheapest type of flooring and many
rehabbers look for opportunities to create value by installing
tile flooring and hard wood floors as appropriate to the rooms
and floor plan.
Fresh Paint
Interior and Exterior
Rehabbers almost always paint
the entire house, inside and out.
Windows and Doors
Windows are sometimes
replaced, depending upon the condition of the existing windows.
Special attention is given to
the front door. If a fresh coat of paint won't make it look
great, a new front door is installed, often upgraded to a better
quality and nicer looking one.
Interior doors usually need
new hinges and door knob hardware. Doing so gives a great
finishing touch along with a fresh coat of paint. The hardware
and hinges are usually upgraded from the contractor grade brass
to brushed nickel or a bronze finish.
Electrical Upgrades
If the electrical box needs
upgrading, a good rehabber will spend the money to get it done.
All rehabbing should at least include the finish electrical: new
switches, new outlets / receptacles, and new lighting throughout
the house.
General Home
Repairs and Upgrading
Any and all repairs should be
made to include roof replacement, heating and A/C replacement,
wood rot, siding replacement, driveway repairs, and landscaping.
Each property will have its own scope of work outlining the
repairs and upgraded needed for the rehabbing project.
A Word of Caution about
Homes Marketed as "Renovated"
Some homes are listed on the
market as "renovated" but are not renovated as described above. I'm
seeing this more with bank owned (REO) homes. After foreclosing on
the house, a bank will send in crews to clean up the bathrooms and
kitchen, paint the interior, and install new flooring (usually
carpet and vinyl).
The result is a home that has a
clean but outdated kitchen, outdated bathrooms, old looking doors,
and old looking finish electrical. The goal, it seems is to get rid
of the smelly carpet and make the home feel fresh and clean. Some
individual investor rehabbers also have this minimal approach to
home renovation
A fully renovated house with
upgrades throughout will almost always have more value and will
certainly be in more demand than the cheap clean up banks are doing
to their homes.
Rehabbing Pictures
Here are some general pics
of a few rehabbing projects. Pics include before, during,
and after shots.
Rehabbing a house destroyed by fire - story and pics. This
is a fire damaged house that our crews demolished and rebuilt.
Are you new to rehabbing?
Atlanta, GA. If you are new to rehabbing and interested in
getting started, please let me know and we can talk about how
you can get started rehabbing.
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