It can take anywhere from six weeks to six months to rehab a home. There are several factors investors can use to determine how long a project will take, including the size of the property, the specific renovation projects, and your team of laborers.
- 1 How much does it take to rehab a house?
- 2 How long does it take to gut rehab a house?
- 3 How long does it take to completely renovate a house?
- 4 Is rehabbing a house worth it?
- 5 Do you rehab house interior or exterior first?
- 6 Is renovating an old house worth it?
- 7 Can I move in immediately after renovation?
- 8 Is it better to gut a house or rebuild?
- 9 Is it cheaper to gut a house or rebuild?
- 10 Can you live in a house while renovating?
- 11 How long should a kitchen renovation take?
- 12 What are the stages of renovating a house?
- 13 Do you regret buying a fixer-upper?
- 14 What is the 70% rule in house flipping?
- 15 Is it cheaper to renovate or build new?
- 16 How Long Does it Really Take to Remodel a Home?
- 17 Cosmetic Renovations – A Weekend to Three Months
- 18 Medium Renovations – Several Weeks to Six Months
- 19 Major Overhaul – Six Months to Over One Year
- 20 Money, Size, and Weather Are Other Factors to Be Considered
- 21 What Does a Remodeling Project Feel Like?
- 22 Finding an Experienced Contractor to Help with Your Home Renovation
- 23 How Long Does a Whole Home Renovation Take?
- 23.1 Architectural Design Phase – 1 to 3 Months
- 23.2 Bidding Phase -2-3 Weeks
- 23.3 HOA Approvals and City Permitting – 1 Month
- 23.4 Construction Phase – 3 to 9 Months
- 23.5 The Size of Your Home and the Scope of the Renovation
- 23.6 Weather
- 23.7 Construction Permits and HOA Delays
- 23.8 Uncovering unforeseen issues with current structure
- 23.9 Changes in design
- 23.10 Choose the Right Renovation Contractor
- 23.11 Hire an Interior Designer Early on in the Architectural Design Phase
- 23.12 Understand the Lead Time for Certain Products and Materials
- 23.13 Have a Conservative Budget
- 23.14 Make Sure Your Builder is Having Regular Project Meetings
- 23.15 Stick to Original Renovation Plans as Much as Possible
- 24 How to Rehab a House: 10 Straightforward Steps to Follow
- 25 What is a House Rehab?
- 26 Average Cost to Rehab a House
- 27 How to Rehab a House in 10 Steps
- 27.1 1. Evaluate Current Property Condition
- 27.2 2. Calculate ARV and Offer Price
- 27.3 3. Create a Rehab Checklist
- 27.4 4. Calculate a Budget
- 27.5 5. Hire a General Contractor
- 27.6 6. Pull Permits
- 27.7 7. Begin Demolition
- 27.8 8. Start Exterior Improvements
- 27.9 9. Complete Interior Rehab
- 27.10 10. Execute The Exit Strategy
- 28 Renovations with the Largest Potential ROI
- 29 Whole House Remodeling: How Long Does the Process Take?
- 30 Phase 1: Discovery
- 31 Phase 2: Design
- 32 Phase 3: Prep and Construction
- 33 Whole House Remodeling: Total Timelines
- 34 Related Links
- 35 How Long Does it Take to Renovate a House?
- 36 How Long Does it Take to Fix up a House?
- 37 Who is fixing up the house?
- 38 How a general contractor speed up or slow down a remodel job?
- 39 How long does it take me to remodel my flips or rentals?
- 40 How can you save time remodeling a house?
- 41 Conclusion
How much does it take to rehab a house?
Cost to rehab a house. The average cost to rehab a house is $20,000 to $75,000 or $20 to $50 per square foot. A full gut rehab costs $100,000 to $200,000 to remodel a house completely. Generally, the cost per square feet gets cheaper as the house size increases.
How long does it take to gut rehab a house?
8. How long does it take to gut a house? Depending on the number of people helping, gutting a home may take anywhere from three days to a month. For a do-it-yourselfer, working alone can take several weeks.
How long does it take to completely renovate a house?
For smaller whole home remodels, this should generally take somewhere between 4 to 6 months. Much larger whole home remodels can take from 6 to 12 months, and sometimes longer depending on how complex the work is.
Is rehabbing a house worth it?
A fixer-upper may be a good investment. But it can also be a huge money pit if you estimate renovations incorrectly, contract out for most projects, and skip an inspection. To ensure a fixer-upper house is well worth the money, look at comparable homes (known in real estate as comps) in the neighborhood.
Do you rehab house interior or exterior first?
Do all of the foundational and exterior work first. It’s natural to want to move on to the next phase of your project, but ensure the house is sound before you begin interior work. That means replacing windows and putting on a new roof if needed.
Is renovating an old house worth it?
Old houses can be bought for less. If you’re looking for a true fixer-upper, you’ll likely pay less than you would for a new home. And if you do the renovations yourself, you can save thousands of dollars in the long run and you’ll end up with a great investment. An old house has plenty of character.
Can I move in immediately after renovation?
This means, in general, 2 months waiting time after renovation activities like painting, laying carpets and finishing is necessary before moving-in.
Is it better to gut a house or rebuild?
For homeowners who feel attached to the history, charm, and character of older homes, a remodel often makes the most sense. On the other hand, if you’re weighing a remodel vs. rebuild to make an older home more energy efficient, it can make more sense in some cases to rebuild.
Is it cheaper to gut a house or rebuild?
Is It Cheaper to Gut a House or Rebuild? According to HomeAdvisor, “Demolition of the interior down to the studs and then remodeling costs $100,000 to $200,000.” Compare this to $150,000-$400,000 or more to build a house from the ground up.
Can you live in a house while renovating?
When clients make a decision to remodel their home, the next question naturally is, “Can I stay in my home during a home remodel?” The answer is yes, most often you can.
How long should a kitchen renovation take?
Typically, a kitchen remodel will take anywhere from three weeks to four months to complete, depending on several factors, including the project complexity, the size of your kitchen, and your requested scope of work.
What are the stages of renovating a house?
In any project, you are likely to encounter five distinct stages of remodeling: planning, budgeting, demolition, construction, and cleanup.
Do you regret buying a fixer-upper?
As many as one in three people say they regret their home remodeling projects, according to a survey conducted on behalf of Scyon Walls. So if you are going to undertake renovating a fixer-upper, Drew and Jonathan have a few tips on how to do it right and avoid regrets.
What is the 70% rule in house flipping?
The 70% rule helps home flippers determine the maximum price they should pay for an investment property. Basically, they should spend no more than 70% of the home’s after-repair value minus the costs of renovating the property. 4
Is it cheaper to renovate or build new?
As a rule of thumb, renovations are often less expensive than building new. However, if you’re renovating a particularly old building that’s seen better days, this may not be the case.
How Long Does it Really Take to Remodel a Home?
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|Remodel Type||Duration||Example Work Involved|
|Cosmetic||A few days – 3 months||Interior or exterior painting, new appliances, new countertops, basic flooring replacement.|
|Medium||Several weeks – 6 months||Full kitchen remodel, adding new fireplace to living room, adding a new garage to the side of the house.|
|Major||6 months – over 1 year||Foundation repair, structural repair, house lifting, second story addition.|
Cosmetic Renovations – A Weekend to Three Months
Depending on whether your property is relatively new or doesn’t require a lot of work, you could be looking at a straightforward cosmetic redesign. Short improvements involving merely cosmetic fixes can take anywhere from a weekend to more than three months to complete in most circumstances. Interior painting, exterior painting, new countertops, new appliances, and basic flooring replacement are examples of chores that fall into this category. Everything from fresh landscaping to replacing an old sink with a more modern farmhouse style may be done with little effort.
Many of these activities may be finished by a do-it-yourselfer in a matter of hours or a couple of days if they are done correctly. Larger chores, such as plumbing or substantial carpentry repair, sometimes need the use of a qualified contractor, yet they can still be deemed purely aesthetic.
Medium Renovations – Several Weeks to Six Months
Medium-sized improvements, which can take anywhere from a few weeks to six months to complete, are the next step in the home remodeling completion process. This often refers to circumstances in which you must come close to completely gutting the room or in which you require further repair work that goes beyond a simple aesthetic fix. In our experience as a reliable Houston contractor, this is the area in which the majority of our jobs fall. There are many different sorts of average-to-medium-sized remodeling scenarios to consider.
Renovations of this nature include, for example, fully redesigning a kitchen and moving sink plumbing to a new center island.
The tear-out and replacement process may take a few weeks in some cases, but you are not looking at any major structural repairs or adjustments in these scenarios.
Major Overhaul – Six Months to Over One Year
When considering renovation schedules for a large remodel, the final kind of project to consider is the last sort of project to consider. Overall, if it becomes necessary to gut the entire house, it will take longer to put it back together. The completion of these sorts of building projects might take anywhere from six months to a year or more. The majority of house flippers and rehabbers look for these characteristics when deciding whether or not to embark on a job. These are the situations in which a property is in a beautiful location but requires a significant amount of repair work in order to be brought up to current standards.
However, huge projects with extensive schedules are not always full overhauls in and of themselves.
Consider the case of a homeowner who decides to finish a basement while also adding an extension to a brand-new gourmet kitchen and designing a lavish master bath at the same time.
Once again, it all boils down to the fundamentals of the project and the number of various parts that are taking place at the same time.
Money, Size, and Weather Are Other Factors to Be Considered
When contemplating a home remodeling, there are a number of important considerations to bear in mind. The first and most crucial is financial resources. If you just have a limited amount of money to work with, the time it takes to finish your remodeling may be prolonged. Why? Spending more than expected on a complex renovation job is not uncommon. For example, if your contractor suddenly realizes that you need to spend a few thousand dollars more on a potentially serious issue—such as a previously undetected foundation problem or the removal of pesky tree roots—it may require you to take a little extra time to come up with the funds, which would then cause the project to be delayed.
Without a doubt, it is crucial to note that remodeling a house or an apartment takes time and work.
In this case, the size of your home might have a significant influence on the length of time it takes to complete your job.
Finally, there is the matter of the weather to take into consideration.
Mother Nature is one of the most prevalent causes of project delays, and she can cause them at any time. While contractors make every effort to stay on schedule, it may be tough when the weather isn’t cooperating with their plans.
What Does a Remodeling Project Feel Like?
Remodeling projects, no matter how long they last, go through a number of different emotional stages for all parties involved. Legal Eagle Contractors’ very own President, Dan Bawden, has published Dan’s Funk Chart, which is a light-hearted look at the emotional journey of a home makeover from the perspectives of homeowners, architects, contractors, and even the family dog. The good news is that it all comes to a glorious conclusion for everyone involved.
Finding an Experienced Contractor to Help with Your Home Renovation
To properly renovate a house, a certain amount of patience and understanding are required. Involving an experienced, licensed contractor in your home improvement project is critical, and it might save you a significant amount of time and money in the long run. Legal Eagle Contractors has been recognized as Houston’s premier renovation and construction company for more than four decades. Contact us today for a free, no-obligation project estimate if you are considering renovating your house or apartment.
How Long Does a Whole Home Renovation Take?
According to popular belief, restoring a home is typically a nightmarish endeavor, with costs and timelines that ultimately spin out of control. This is not always the case. It’s a shame, but it’s also understandable. Most people’s memories are formed by horror stories, which are then replayed time and time again. As with any tall tales, there is more than a grain of truth to some of these tales, which is why they are so popular. There are a plethora of aspects that must be considered when developing a timetable for a home remodeling project, and unforeseen complications frequently arise along the process, causing the ultimate move-in date to be pushed back.
- Those are the topics I want to cover in today’s blog entry.
- For starters, they’re interested in knowing approximately how long this entire process will take.
- A complete home remodeling normally necessitates the relocation of your entire family for a period of time.
- You’ll need an exact estimate of how long it will take until you, your family, and your belongings can return home so that you can make your relocation arrangements.
How Long Does a Whole Home Renovation Take to Complete?
The same as with a new custom home construction project, there is no quick, easy, or one-size fits all solution for answering this issue. But it’s all right. It goes without saying that every bespoke home remodeling project is unique, with its own set of problems and factors. This implies that it will operate on its own schedule. Once an expert builder has examined your property and the extent of your intended project, he or she can provide you with an accurate estimate of how long your planned makeover should take to complete.
They will be aware of the aspects to take into consideration, as well as where to put in some wiggle room to allow for the inevitable surprises that will inevitably arise throughout any large-scale project. To get started, let’s take a look at an example of a schedule for a whole house restoration.
Architectural Design Phase – 1 to 3 Months
To ensure that your home extensions and structural alterations are structurally solid, safe, and attractive, you should consult with an architect before starting the project. Depending on the nature of the project, as well as your architect’s experience and present workload, the time it will take between providing your initial design meeting and obtaining final designs may vary.
Bidding Phase -2-3 Weeks
Large-scale renovations necessitate the use of a sophisticated bidding procedure to guarantee that you receive the greatest possible value from all of the subcontractors who will be working on your home remodeling project. The solicitation and careful evaluation of several hard bids for all significant items is required to ensure the development of a comprehensive and accurate budget. If you get a builder on board from the beginning of the architectural design phase, you will be able to save time in this area since the builder will be able to begin working on the vetting process while the designs are being completed.
HOA Approvals and City Permitting – 1 Month
After your plans have been completed and approved, they must be presented to the appropriate authorities in order to ensure that all of the necessary permissions, approvals, and inspections are in place before construction can begin.
Construction Phase – 3 to 9 Months
This is the period in which you will notice the greatest amount of variance and improvement! In general, most renovation projects we work on may be finished in three to nine months, depending on the size of the property, the breadth and complexity of the project, as well as a few other aspects that we will discuss in more detail next time around.
What Factors Can Affect the Schedule of My Renovation Project?
Consider some of the most typical aspects that must be taken into account when estimating the length of time a restoration will take to complete. Some of them are factors that we can influence, while others are completely out of our control. A remodeling project necessitates a delicate balance between meticulous preparation and the ability to react when those plans need to be adjusted. Even if something unexpected occurs, if your staff is well-versed in both techniques, they can ensure that delays are kept to an absolute minimum.
The Size of Your Home and the Scope of the Renovation
This one is self-explanatory, but it is really crucial. Is this a one-room remodel, or are you redesigning the entire house with this project? Are there any structural modifications that need to be made? Are you contemplating the construction of a new addition to your current residence? Every planned change necessitates the investment of time and resources.
This is one of those “acts of God” situations that may throw a wrench into even the most well-laid plans, so be prepared. In order to account for the whims of fate, such as unexpected storms and freezing temperatures, we’ve learned to build in some wiggle room into our plan. The majority of builders and their staff are accustomed to working in all types of weather. When the elements conspire against us, we must make changes to account for factors such as those listed below:
- Extreme temperatures: For the most part, we don’t have to be concerned about this one in Houston. However, some cities and states must deal with significant swings in the temperature, which can completely alter the course of events. Paint drying time and concrete hardening time can both be affected when the temperature drops below zero degrees Fahrenheit. Temperatures that remain above 100 degrees for an extended period of time can cause problems of their own. In either case, the crews may be required to take a break for the sake of safety (and/or quality)
- Rain, sleet, snow, and hail are all possible. In Houston, precipitation plays a significant role in determining the weather. While it is possible to continue working in the rain, excessive precipitation that falls continuously from the sky for an extended period of time can cause a project to stall, particularly during the early stages of construction on a new addition. Extreme muddy conditions can cause bulldozers to sluggishly move when site preparation or landscaping is required. Weather conditions that are extremely wet or flooding can delay the pouring of the foundation or prevent the framing from being erected on time. However, once the foundation has been dried in and the majority of the work has been moved indoors, it is possible for it to rain all day and all night without interfering with our schedule.
Construction Permits and HOA Delays
When your builder has a well-organized and efficient office crew in charge of the paperwork, you can be certain that every effort is being made to expedite the process.
Some delays, however, can occur on the opposite side of the transaction, whether as a result of a backlog at the permitting office or because a member of the Homeowners Association board is out of pocket for a length of time.
Uncovering unforeseen issues with current structure
I’m aware of the situation. This is the variable that causes the most anxiety. When the demolition process begins, we frequently discover difficulties that cannot be ignored. Dealing with these issues may cause the anticipated schedule to be altered. Some of the most often encountered are as follows:
- Mold and water damage
- A cracked foundation
- Building materials and craftsmanship that are outdated, of poor quality, or potentially dangerous
While it’s never pleasant to run across unexpected shocks during a remodeling project, there’s no need to get too worked up about it. A reputable building specialist will have dealt with difficulties of this nature in the past and will know how to resolve them with the least amount of additional time and expenditure. Take a look at this detailed post for more information on the most typical remodeling concerns we’ve encountered and how we dealt with them.
Changes in design
You can change your mind at any moment. A competent constructor should be adaptable and willing to change with the times. You should be aware, however, that design modifications might cause your remodeling project to be delayed, as well as be a significant drain on your money, so plan accordingly.
What Can Homeowners Do to Make the Renovation Move Faster?
At the end of the day, you are in command of the home remodeling team, which consists of a number of individuals, including your architect, your builder, and the work teams. When you hire the proper contractor, you can be confident that you will receive all of the benefits of their knowledge and expertise. However, they should also regard you as a complete collaborator and partner in the remodeling process. While there are some elements that are out of your control throughout a home improvement project, you should never give up control over the outcome of the endeavor.
Choose the Right Renovation Contractor
This is something that cannot be overstated. Every step of your home remodeling is overseen by your builder, who is at the forefront of everything. If they have the necessary experience, competence, and a trusted network of dependable subcontractors to carry out your ideas, you have already accomplished more than half of the work necessary to finish the project on time. Consider hiring a builder who is well-organized, follows tried-and-true procedures, and holds themselves accountable for keeping track of project dates and costs.
Hire an Interior Designer Early on in the Architectural Design Phase
We tend to think of interior design as a fluffy extra that is added at the conclusion of a remodeling job, or as something that happens just at the end of a restoration project. Getting a skilled interior designer on board as early as possible, on the other hand, will significantly reduce the amount of time it takes to complete your project. Before beginning building, work with your designer to make as many decisions as you possibly can. In fact, if you can complete them before collaborating with your builder on a final budget, that is even better because your budget will be based on real material costs rather than best estimations.
Understand the Lead Time for Certain Products and Materials
Floors, doors, and specialized tiles are just a few of the materials that have a lengthier lead time than you may expect.
Special orders must be placed early in the process so that you do not find yourself in a position where personnel are stuck waiting for a delivery that never arrives, causing the entire timetable to fall behind schedule. Once again, making all of your options in advance will pay dividends!
Have a Conservative Budget
The ability to allow for unanticipated snags is one of the most important things you can do to ensure that your timetables remain intact. It implies that your contractors will be able to react and deal with anything that goes wrong without having to wait for you to rebudget your project (a process which can snowball if you end up needing to change or cancel parts of your planned renovation to keep the budget intact.)
Make Sure Your Builder is Having Regular Project Meetings
And make certain that you are invited! A regular meeting schedule is essential for keeping things on track and ensuring that the site crews, the project manager, and everyone else are all on the same page with each other. Establish a regular schedule of site walks and visits with them to ensure that you are aware of what is going on on the ground. If you notice anything isn’t quite right, you may flag it before it gets any further, which will save you the time and effort of having to undo and redo work.
Stick to Original Renovation Plans as Much as Possible
As previously said, adjustments can be made over the course of a project, but they are virtually always time-consuming and expensive. One method to prevent this problem is to include your builder in the architectural design process early in the process. Having gained hands-on expertise through the construction and renovation of a large number of houses, they understand what works in the real world and can frequently make ideas and provide advise about potential constructability or livability difficulties before designs are completed.
Construction scheduling is a fine art that we have mastered over the course of three decades of homebuilding and renovation in the Houston region.
We believe that the refurbishment process should be enjoyable and gratifying for you at every stage, rather than simply on move-in day.
Whenever you have a question, please do not hesitate to contact us.
How to Rehab a House: 10 Straightforward Steps to Follow
The most recent update was made on August 20, 2021. Some of the most popular television series revolve around the process of renovating a home. Real estate investors all around the world dream of finding a bargain, fixing it up, and then selling it for a profit. While rehabilitating properties has the potential to be a rewarding investment plan, it does involve a significant amount of study, time, and effort. Throughout this post, we’ll go over the benefits of rehabbing as a real estate investment strategy, as well as how to go about doing so.
- Investment property rehabbers frequently acquire a home at a discounted price, perform necessary renovations, and then resell or rent the property to a qualified renter. A house renovation can also be done to enhance gross rental revenue or to increase the value of the property. It is estimated that the average cost to repair a property will range from $15 and $60 per square foot or more, depending on the type of rehab being done and the location of the home. The most important aspects of rehabbing a property are assessing the after-rehab value, obtaining building permits, and executing interior and exterior modifications.
What is a House Rehab?
Those involved in the rehab of a house purchase a property in its existing condition and then restore or renovate it to make it more appealing to potential buyers. A house rehab can be carried out by an investor looking for a quick return or by a rental property owner with an eye on the long-term investment potential of the property. In this technique, investors acquire properties at a discount from their market value, then undertake any necessary repairs and modifications in the hopes of reselling the home for a profit.
Buy-and-hold real estate investors with a long-term outlook may also choose to renovate a property in order to boost gross rental revenue and force appreciation in the property’s value.
The first way involves converting a garage, attic, or basement into extra living space, so increasing the quantity of rentable square feet available for rental.
The second option involves increasing the value of a property by installing an additional bedroom or bathroom.
Before starting a new construction project, investors do a comparative market study to see whether the projected rise in house value outweighs the expense of adding a room.
Average Cost to Rehab a House
House renovation or rehab costs on average can range from $15 to $60 per square foot, with some projects costing far more. Among the variables that influence the cost to rehab a house are the location, size, and age of the property, whether a single room is being renovated or the entire house, and the current cost of labor and materials on the market. According to Realtor.com, the following is an estimate of what the average renovation expenditures of a property would be: Low-priced: $25,000-$45,000 Items such as painting the interior and outside of the house, making little modifications such as refinishing kitchen and bathroom cabinets, and upgrading the landscape to increase the curb appeal of the property are included in this category.
$76,000 or more is considered high.
How to Rehab a House in 10 Steps
The specifics of the rehab process will vary depending on the property and the exit plan, but the following are the ten main processes to follow while rehabbing a house:
1. Evaluate Current Property Condition
Before making an offer on a property, get it inspected and evaluated by a contractor to ensure that it is in good shape. Consider structural and mechanical things that are the most expensive to repair or replace, such as the foundation and roof, flooring and insulation, walls and ceilings, air conditioning and heating system, as well as the plumbing and electrical infrastructure.
2. Calculate ARV and Offer Price
Following the completion of the rehab project, ARV (after repair value) represents the estimated worth of the home. The appraised value of a property is determined by comparing it to the recent sales prices of comparable homes in the same neighborhood that are similar to the one that is being renovated. The 70 percent Rule is used by most investors to calculate an offer price, and it is represented by the following formula:
- The maximum purchase price is equal to (ARV x 70 percent) less the repair cost.
3. Create a Rehab Checklist
A rehab checklist lists the tasks that must be completed, with distinct parts for interior and exterior improvements. Examples of tasks include: Interior
- The foundation, basement, framing, insulation, paint, walls, doors and trim, flooring, the kitchen, appliances, the bedrooms, the bathrooms, and the fixtures
- Exterior masonry or siding
- Driveway and sidewalk
- Utility connections (water, sewage, natural gas, electric)
- Interior finishing If the land is not linked to the city sewage system, a septic system is required. Swimming pool (if one is available)
4. Calculate a Budget
After the rehab checklist has been used to define the scope of the job, the following step is to collect numerous quotations from different contractors to compare and contrast. Asking for personal referrals from an investor-friendly real estate agent or driving around neighborhoods searching for persons working on current restoration projects are also effective methods of finding a contractor. Often, while undertaking a large-scale rehab project, investors employ a general contractor, who in turn hires subcontractors and handymen to work on certain aspects of the project.
As a result, if the total cost of the project is $75,000, the general contractor will earn a fee of around $7,500.
Investors who rehab houses search for contractors that have previous experience restoring properties, and they make certain that the contractor’s bid follows the rehab checklist and itemizes in detail the work to be done and the costs associated with the project.
5. Hire a General Contractor
Some contractors are self-employed, while others are employed by or linked with big construction corporations or organizations. As long as the contractor has prior expertise with house renovations, any method might be a suitable choice: The following questions should be asked by investors when hiring a general contractor, according to Forbes:
- How long has your company been in operation? What previous project management experience do you have with this sort of project
- Are you in possession of the essential permissions, licenses, and insurance? Do you have any recent testimonials? Can you tell me about the pricing estimate and time frame for this project?
6. Pull Permits
A general contractor will be aware of any permissions that may be required by the municipality. It is common for a municipal worker to examine each stage of a rehab project to ensure that the work is done correctly and in accordance with local codes. If a rehab or remodeling project is completed without obtaining the necessary permits, the seller must disclose this possible obligation to the buyer when the house is sold to avoid a lawsuit. For this reason, before purchasing a home, investors enquire whether any recent rehabbing or updating has taken place on the property.
7. Begin Demolition
Removal of garbage and waste from a property, as well as the removal of objects that will be replaced, including doors and windows, appliances, cabinets, and kitchen and bathroom fixtures are all part of the demolition process. Renovating a home and starting with a “blank slate” makes the process considerably more efficient and allows work to move at a more consistent pace.
8. Start Exterior Improvements
Roof, windows, and siding are some of the outside components of the repair job that should be started first. In addition to attracting the attention of neighbors and potential home buyers and tenants passing by, properties undergoing renovations typically attract the notice of potential buyers and tenants driving by. The investor may use this information to develop a prospect list so that the property does not lie unoccupied for an excessive amount of time once the rehab work is completed and the home is ready to rent or sell.
9. Complete Interior Rehab
The following are examples of interior objects that should be replaced or updated depending on the amount of rehab being done:
- HVAC (heating, ventilation, and air conditioning) equipment
- Lines of plumbing and sewerage
- Framing, walls, and doors are all included. The attic and basement (if they are being refurbished to provide more living space)
- Skim and fix existing walls, or put up new drywall or sheetrock to cover the holes. Painting using a primer and two more coats
- Kitchen and bath fixtures, such as cabinets, sinks, appliances, bathtubs, and shower stalls, should be replaced. Making a punch list of open objects – such as missing light switch covers or ceiling fans – while passing around the house after the first repair work is completed can help you avoid making costly mistakes later on. Installing flooring and carpets is a must. Clean the house to a high standard and make minor repairs to the grounds.
10. Execute The Exit Strategy
Make contact with any possible purchasers or tenants who shown an interest while the house was being reconstructed. If you intend to rent out the home to a renter, you should advertise the property for rent on an internet listing site. If you’re selling the property, try advertising it for sale on the Roofstock Marketplace, which connects you with a global network of real estate investors. Roofstock is the leading platform for buying and selling single family rental houses, having executed deals totaling more than $3 billion in the past year.
Renovations with the Largest Potential ROI
When rehabbing a property, investors often concentrate on the improvements and enhancements that would provide the greatest possible return on their investment. According to the Key Trends in the 2021 Cost vs. Value Report published by Remodeling Magazine, the following are the goods that provide the greatest return on investment (ROI):
|Project Job||Cost (national average)||% of Cost Recovered|
|Garage door replacement||$3,907||94%|
|Manufactured stone veneer||$10,386||92%|
|Window replacement (vinyl)||$19,385||69%|
|Siding replacement (vinyl)||$16,576||68%|
|Window replacement (wood)||$23,219||67%|
|Deck addition (wood)||$16,766||66%|
|Entry door replacement (steel)||$2,082||65%|
|Deck addition (composite)||$22,426||63%|
|Grand entrance (fiberglass)||$10,044||61%|
|Roofing replacement (asphalt shingles)||$28,256||61%|
|Bathroom remodel (mid-range)||$24,424||60%|
|Universal design bathroom||$38,813||58%|
|Major kitchen remodel (mid-range)||$75,571||57%|
|Roofing replacement (metal)||$46,031||56%|
|Bathroom remodel (upscale)||$75,692||55%|
|Master suite addition (mid-range)||$156,741||55%|
|Major kitchen remodel (mid-range)||$149,079||54%|
|Bathroom addition (mid-range)||$56,946||53%|
|Bathroom addition (upscale)||$103,613||53%|
|Master suite addition (upscale)||$320,976||48%|
Final Tips for Rehabbing a House
In most cases, while rehabbing a property, investors concentrate on the improvements and enhancements that would yield the highest possible return on their investment.
According to the Key Trends in the 2021 Cost vs. Value Report published by Remodeling Magazine, the following things provide the greatest return on investment (ROI):
- During a renovation process, maintain the front yard tidy and clear of waste to maximize curb appeal. Make certain that the appropriate licenses are obtained in order to avoid any complications once the house has been rented or sold. Build in additional space into your restoration budget in case material or labor expenses go up unexpectedly. Include carrying costs such as insurance, property taxes, electricity, and short-term financing required to repair a house in your calculations.
Whole House Remodeling: How Long Does the Process Take?
When it comes to remodeling your entire house, you’re not sure how long it will take — or how long you’ll have to be out of your home while the work is being done — to complete. To give you a better sense of how long the process could take, here are some generalwhole house renovation recommendations to keep in mind: A complete house redesign might include a wide variety of tasks. It might range from a modest kitchen, living room, and a couple of bathrooms in a smaller property to a larger home that requires a complete restoration from top to bottom.
Generally speaking, they will cost between $200,000 and $1,000,000, depending on the size of your property and the depth and complexity of the redesign project.
These are as follows:
Phase 1: Discovery
During the exploration phase, you’ll meet with designers and contractors, as well as design/build businesses such as Lamont Bros., to assess what could be doable in your redesign and how much money you’ll need to set aside for the project. From 2 weeks to 2 months, this phase can be completed. This is all dependent on how many different people you meet and how long it takes you to discover the appropriate match for your project, among other factors. In order to receive a diverse range of ideas and avoid being bound to a single design concept, we always recommend that potential customers speak with a number of different design firms.
Phase 2: Design
The design step begins once you’ve decided on a company to complete your whole-house renovation project. This can last anywhere from six weeks to three to four months. Again, a variety of factors might come into play during this phase, all of which can have an impact on the schedule. These factors include the scale of your project, the necessity for surveys, the length of time it takes to complete engineering, and the number of design amendments you make. A significant amount of planning, drawing production, and meetings take place at this stage of the project, therefore the larger your makeover, the longer this step will normally take to complete.
Phase 3: Prep and Construction
After that, you’ll be in the planning and construction stages of your makeover. As part of the preparation phase, your contractor or design/build firm will get permits, procure supplies, set crew and subcontractor schedules, and do other tasks. The preparation procedure should take between 4 and 8 weeks under ideal circumstances. However, if planning evaluations are necessary and inspections by local officials are required, this might take many months to accomplish.
After the preparation phase is completed, the project will proceed to the construction phase. Given that here is where the majority of the work will be done, it will have the largest influence on the overall timetable.
Smaller whole-house remodels should take between 4 and 6 months to complete on average, according to industry standards. Remodeling a big portion of a home can take anywhere from 6 to 12 months, and sometimes even longer, depending on how intricate the job is.
Whole House Remodeling: Total Timelines
In average, smaller whole-house remodels will take between 7 and 10 months to complete from the time of discovery to the completion of construction, if all goes according to plan. Remodeling an entire house takes around 9 to 15 months on average; this time can be extended if there are complications with city permits or other unanticipated delays. Are you contemplating a complete house renovation but aren’t sure where to begin? We’d be delighted to talk with you about your project. Simply set up a time to speak with us online!
- Budgeting for a Kitchen Remodel in Portland: Three Examples to Get You Started
- How Much Does it Cost to Remodel a Bathroom in Portland
- Kitchen or Bathroom Remodel: Which Should You Do First
- How Much Does it Cost to Remodel a Kitchen in Portland
- In order to accurately estimate the costs of my home remodeling project, I need to know: What Are My Financing Options for Home Improvement Projects?
How Long Does it Take to Renovate a House?
You’re ready to start flipping properties for additional money to supplement your income. The finance for your house purchase has been secured, and you are looking for a property to purchase. When you locate a house, the contractor will be ready to assist you. When it comes to flipping houses, one of the most often asked questions is how long it takes to refurbish a house. The length of time it will take is determined on the quantity of remodeling required and the size of the house being renovated.
As a result, we will go into the varying timeframes and why certain rehabs take longer to complete than others in order to explore the time it takes in greater depth.
Here is what we will discuss. The 3 types of renovations:
- Renovating for aesthetic purposes
- Medium refurbishment entails more than cosmetic changes but less than a complete overhaul. Reconstruction in its entirety
When you purchase a property and must immediately begin the process of renovating it. There should be a clear distinction between these three sorts of improvements.
First and foremost, if you can identify houses that just want cosmetic repairing, this is the best approach to get started in this industry. These are the most straightforward ways for you to get your feet wet when you first start out in this profession. What exactly is included in a cosmetic makeover?
- There will be less rehabilitation work. You will do fundamental tasks such as painting, carpeting, and drywall repairs. There is nothing wrong with the construction and wall arrangement
- There is nothing to demolish. The kitchen should be in decent condition, perhaps with new countertops, but it should not be completely remodeled for cosmetic reasons. There are no problems with the basement
- The roof should be in good condition
- The plumbing is in good condition. Electrical is in good working order
One of the objects I recommend should be in good condition; but, if it is not and must be replaced, it may still be cosmetically pleasing. The determining factor is the number of items that must be repaired before the house can be put back on the market. You must ensure that the property looks stunning and passes all inspections. There are a plethora of various problems that may be present at the same time and yet be aesthetic in nature. If you can get the contractor to perform the job in a month or two, then it should be a very straightforward aesthetic remodel to complete.
However, if I only paint the walls, put on a new roof, put in new carpet, and do some landscaping, this would be considered a cosmetic project.
Neither a cosmetic procedure nor a comprehensive rehabilitation, but something in the middle of the two.
Repairs will become more frequent, resulting in lengthier and more expensive repairs. This is why you must purchase a distressed home at the appropriate price and ensure that all renovation expenses have been assessed before making a purchase. What exactly goes into a medium-sized remodeling flip?
- More rehabilitation treatment is required than aesthetic work. You will complete tasks such as painting the interior and outside of the house, carpeting, and drywall repairs. The construction is sound, but you will need to shift a few walls in order to make more room. The kitchen would have to be completely gutted and rebuilt from the ground up, or something similar to that. You could be dealing with a few minor difficulties in your basement, or you might be dealing with serious concerns like the necessity for I-Beams. It is possible that the roof may need to be replaced. Plumbing work, such as, most likely, bathroom renovations
- It’s possible that the electrical is in good working order, or that the panel needs to be upgraded. It will be necessary to landscape the area. The furnace was replaced. It is possible that the air conditioner will be replaced. It is possible that the hot water tank may need to be replaced. There is a pool in the house that has to be removed or repaired. Kitchen with new wood floors
- As part of the bathroom improvements, new flooring was installed. Gutters may need to be replaced at some point. It is possible that new windows will be required. It’s possible that your fireplace needs some TLC. It is possible that the deck at the rear of the house may need to be repaired. It is possible that a driveway will need to be repaired or replaced. If there are problems, the subfloor will be replaced. Wood that had rotted was replaced.
It takes more time to recover than to look good. Interior and exterior painting, carpeting, and drywall repairs are among the tasks you’ll do. You will need to relocate a few walls in order to make more room, but the overall construction is sound. The kitchen would have to be completely demolished and rebuilt from the ground up, or something similar. Depending on the severity of the problem, you may require I-Beams or a few other structural repairs in your basement. In some cases, roof replacement may be necessary.
- Depending on the situation, the electrical system may be in good working order or the panel may require updating It will be necessary to do some landscaping.
- It may be necessary to replace the hot water tank.
- Kitchen flooring has been replaced with new hardwood flooring.
- Replace your gutters if they are damaged.
- It’s possible that your fireplace requires some TLC.
- If there are concerns, the subfloor will be replaced.
This is the major one, in which everything may need to be replaced or repaired at the same time. This sort of remodeling necessitates much preparation and knowledge of the subject matter. If you want to take on this endeavor, you should be a seasoned flipper. If you are a novice, I would recommend sticking to a cosmetic or a medium-sized renovation project. If you locate a fantastic deal on a property that requires extensive remodeling, you might be able to work with a seasoned flipper to complete the project.
- This will need extensive rehabilitation. You will complete tasks such as painting the interior and outside of the house, carpeting, and drywall repairs. You’ll have to knock down a few walls to make more room and demolish a significant portion of the house. The kitchen would have to be completely gutted and rebuilt from the ground up, or something similar to that. You could be dealing with a few minor difficulties in your basement, or you might be dealing with serious concerns like the necessity for I-Beams. It will be necessary to replace the roof. The requirement for plumbing repair will be required, as will the renovation of bathrooms and kitchens. It is necessary to upgrade the electrical panel. It will be necessary to landscape the area. The furnace was replaced. It is possible that the air conditioner will be replaced. It is possible that the hot water tank may need to be replaced. There is a pool in the house that has to be removed or repaired. Kitchen with new wood floors
- As part of the bathroom improvements, new flooring was installed. Replace the gutters since they are in poor condition. The most, if not all, of the windows need to be replaced. It’s possible that the fireplace has to be redone. It is possible that the deck at the rear of the house may need to be repaired. It is possible that a driveway will need to be repaired or replaced. If there are problems, the subfloor will be replaced. Wood that had rotted was replaced.
When completing a flip with significant improvements, you will perform almost all of the renovations listed above. A brief outline of some of the repairs that might be required is provided below. There are a variety of additional issues that might arise throughout a remodeling, but these are the most common. This is a comprehensive renovation in which you will be responsible for essentially rehabilitating the entire house. When purchasing a significant rehab property, as we previously stated, you must be well informed about what you are getting yourself into.
Let’s go through some of the reasons why this is the case.
- Because your contractors have other projects to complete, they are unable to commit people to full-time status. The coordination of the many contractor teams is complex and may cause work to be delayed. Unforeseen complications arose that were not anticipated in the initial rehabilitation budget. Termite damage or basement water concerns that need to be addressed can all arise as a result of this. Financial institutions, such as a lender or an investor, are hesitant to provide rehab funds. Permits from the city are taking an inordinate amount of time, or the city does not approve of the job
These are only a few of the situations that might arise, and you must be prepared for them. The more money you have set up for contingencies, the better.
Additionally, purchasing properties as cheaply as feasible might help to reduce risk. For further information, please see the post we created, “What is the 70 Rule in Hose Flipping?” This article discusses the price at which you should purchase a property when buying to flip it.
Not flipping just renovating your own home
If you are simply renovating your own home, you will experience the same difficulties as the home flippers described above. Everything begins with the selection of the most qualified contractor. Consider the case of a homeowner who is doing their own home renovations.
- Consult with the contractor’s references
- Establish a clear understanding of the work that will be performed and the expense associated with it. Unless the homeowner signs a change order, the contractor is not permitted to make changes to the work. Unless a modification order is implemented, the price that has been agreed upon remains unchanged. If a project is not finished on schedule, a penalty should be imposed. Prepare for a period of interruption in the house until the work is completed
Home improvements when the house is occupied need a basic understanding of the procedures. Renovations, whether for a flip or for the benefit of the homeowner, may take a long time and cost a lot of money. Make certain that everything is completed correctly so that you do not have to repeat it or lose money. This should give you a better understanding of how long a renovation job may take, regardless of whether you are flipping houses or remodeling your home. Employing the most qualified contractors and developing a solid strategy to complete the project as fast as possible are essential.
How Long Does it Take to Fix up a House?
Mark Ferguson last updated this page on December 26, 2021. I fix and flip a lot of houses (I’ve done about 200 so far), and I’ve also purchased 30 or more rental properties. In my experience, one of the most often asked questions I receive is how long it takes to rebuild a property. Every house and environment is different, which makes answering this question difficult. A minor renovation work may take a couple of weeks, but a large remodel job could take six months or more to complete. The contractor you hire might have an impact on the timetable as well.
When it comes to remodeling a house, there are no hard and fast rules, but I can give you an estimate of how long it will take if you follow my instructions.
Who is fixing up the house?
About 10 years ago, I completed a home renovation project on my own. I changed the windows, doors, kitchens, bathrooms, flooring, fixtures, and even tore down a wall to make room for the new addition. To save money, I reasoned that performing all of the labor myself would be a fantastic idea. In the end, I lost money since it took me far longer to do the job than it would have taken a professional contractor. It took me three times as long to do the task, and I did not provide the highest quality work because I was learning on the job at the time.
- I had my worst year ever as an agent and an investor because I opted to do all of the work myself instead of hiring others.
- I now engage contractors and subcontractors for each and every job I embark upon.
- My contractors typically take between one and three months to finish a renovation on a regular assignment.
- In addition, some contractors are far more efficient than others, and hiring a general contractor might either slow down or accelerate the process depending on a variety of circumstances.
As you can see in the video below, I walk you through two of my current flips and give you an estimate of how long it will take to fix them.
How a general contractor speed up or slow down a remodel job?
Managing renovation works is the responsibility of a general contractor (GC), who may hire subcontractors or work with his own crew. A general contractor will schedule, plan, and budget for all of the work that has to be done. There are advantages and disadvantages to hiring a general contractor. Pros:
- The homeowner can save time if he or she does not wish to manage the process themselves. They have established relationships with subcontractors that can assist with various aspects of the project. They have prior expertise creating budgets and predicting the amount of time it will take to complete a work
- They are well-versed in dealing with any issues that may arise on a construction site.
- Because they charge for their monitoring, it is more expensive to engage a general counsel. If they want to do all of the work with their own team, it may take longer to hire a general contractor. The more experience a general contractor has, the more money they may charge
- Some persons might pretend to be a general contractor even when they have no prior expertise altering homes.
For folks who have never worked on a house before, hiring a general contractor might be an excellent option, according to my personal experience. A general contractor (GC) may manage the entire procedure, but they will charge for their services. I do not hire general contractors since I am capable of managing the project myself and because I have my own subcontractors that I can call on to help me on the task. By handling my own renovation projects, I am able to complete them more rapidly as well.
If a single team is responsible for all of the work, it may take longer than if you hire subcontractors or experts to work on certain tasks.
Meanwhile, I can have my subcontractors working on other items while my contractors are installing kitchens, bathrooms, doors, and other fixtures, which helps to expedite the process. How to locate a reputable contractor.
How long does it take me to remodel my flips or rentals?
My subcontractors may work on other items while my contractors are installing kitchens, bathrooms, and doors, which allows me to complete the project more quickly. Here’s how to locate an excellent general contractor.
- A recent flip included the replacement of the kitchen, one bath, flooring and paint throughout the house, the demolition of a shed, the replacement of trim and holes throughout the house, and several other minor repairs. The crew consisted of three men, and the project took around two months. I had wanted to do the job in one month, but there were delays in having the flooring and kitchen cabinet installed
- I was able to finish another flip in two weeks, but it just required paint, some flooring, a few of windows fixed, kitchen countertops, appliances, and a new furnace
- When working on a larger project, it is not uncommon for it to take three months or more because difficulties constantly seem to arise. I recently completed a 3 month project on a manufactured home in the country that included re-siding it, installing a new roof, replacing the HVAC, installing new doors, a new kitchen, new baths, new flooring, textured walls, working on the garage, regrading a road, and a variety of other minor tasks. I have also had jobs take 6 months or longer because the contractor quit on me or made a mistake. A complete gut-job remodel took almost a year because my bookkeeper accidentally paid the contractor before he was finished
- It took three months to persuade him to finish the job because he had already been paid
- And it took three months to get him to finish the job because he had already been paid.
The amount of people on the contracting team, your ability to manage subcontractors, and the scale of the project are all factors that influence the length of time it takes to execute a makeover.
How can you save time remodeling a house?
In addition to the 21 flips that I am now working on, I also have a few of rental properties that we are working on. For all of these assets to be restored in a timely way, a significant amount of work and effort is required. I have a full-time project manager who assists me with all aspects of my work. Nonetheless, if you are only working on one or two jobs at a time, there are a number of things you can do to expedite the repair process:
- Never pay a subcontractor or contractor in full before all of the work has been completed by them. Check in on the project on a regular basis (once or twice a week) to ensure that work is being completed and completed correctly
- Prepare a list of contractors and subcontractors well in advance of the work that needs to be done. Many people are quite busy and will not be able to begin working for several weeks. It’s best not to take on a large job while you’re just getting started. Take your time while selecting the appropriate contractors. In order to save money and time, the greater the number of subcontractors you may use.
There will always be issues to deal with. Every time I do something, I anticipate it taking longer than I anticipate. If I estimate that a job will take one month, I will plan on six weeks of work. New complications arise, contractors might not complete their task as quickly as you want them to, and you may even have to terminate a contractor.
It might be difficult to estimate the length of time it will take to remodel a property. It is considerably more difficult for general contractors to predict how long a project would take, despite the fact that this is their job.
Everything is dependent on the quality of the personnel, the project, who is in charge of the project, and whether or not any difficulties arise. When it comes to flipping properties, renovating is simply a component of the overall process.