When fixing and flipping a property, you can save a lot of money and time by performing some rehab work yourself. However, some projects are better left to the professionals unless you are skilled in these particular areas. Here, we’ll go over some of the projects that could end up costing you time and money, as well as compromise your safety, if you decide to tackle them yourself.
According to The Electrical Safety Foundation International, there are about 400 electrocutions in the United States each year. For this reason alone, you should leave electrical work off the do-it-yourself list. Aside from the high possibility of injury or even death, there’s also the risk of severe and expensive damage to the home. The wiring system in a building is an intricate labyrinth that requires the knowledge and skill of a professional electrician. So, go ahead and change out the light bulbs, but anything more than that is not worth the risk of injury or property damage.
Like wiring systems, the plumbing systems in houses are complicated networks. There is a lot involved in inspecting and repairing them. An incorrect solder, a loose joint, or an improperly sealed toilet can lead to expensive messes. Anything beyond plunging a toilet or taking care of a small clog should be left to the plumbers who know their stuff.
Here again, is a dangerous undertaking for do-it-yourselfers. Climbing up and down ladders with equipment and materials can lead to disaster. All it takes is one misstep. With a return on investment of 105% on new roofs, it doesn’t make sense to tackle this one on your own. By hiring a professional, you’ll not only eliminate the risk to your safety, you’ll save yourself time and ensure the highest quality result.
If window replacement or repair is on your rehab list, you’ll want to leave this one to the professionals as well. Correct measuring, removing, and replacing windows require precision and special equipment. Not only do professional window installers know how to handle the glass with care, they can ensure a perfect fit. Without that exact fit, you run the risk of having uneven windows as well as moisture, air, insect, and structural problems.
Mold, asbestos, and lead are all dangerous substances that only professionals should deal with. In older homes, asbestos and lead can be a major problem. Removing them should never be a DIY project. If the home you’re rehabbing has lead paint, asbestos ceilings or insulation, or a mold problem, it isn’t worth the risk to your health. Along with that, there may be legal ramifications that come with dealing with these issues improperly. Consult the professionals who are licensed, trained, and certified to clean up these hazardous messes.
Major Structural Changes
Tearing down walls and building additions are serious structural changes that belong in the hands of the pros. If done incorrectly, these projects will risk the integrity of the entire home, fail to pass important inspections, and cost you more time and money than you’ve planned. Opening up spaces and adding on to homes are great ways to bump up profit and salability, but only if done right and on time. The best way to get it done is by hiring a professional.
In addition to the above projects, avoid anything that you think could be over your head or too time-consuming. When you’re fixing and flipping, time is money. So even if you can do the project, it doesn’t mean you should. If it takes away too much of your time, you want a professional who can get it done quickly. This way, you can concentrate on the things that you know best.
With fix and flips, time and money are of the essence. If you’re fixing and flipping a home and would like to discuss financing options, please contact us.
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