How to find a good contractor for a rehabilitation project?
Jun 04, 2013 · If you hire a general contractor, he or she will usually obtain the necessary permits. 8. Sequence the construction. Each project’s sequence will vary depending on the type of work involved, who is doing the work, the time of year, and whether you plan to live in the house during its restoration or rehabilitation.
What should I consider when rehabbing my property?
Here are seven smart ways to stay on top of the job and maintain strong communications with your contractor and construction team. 1. Avoid Allowances. An allowance is a line item in the contractor’s bid for something that’s yet to be determined. For example, if you haven’t chosen the plumbing hardware for your new master suite, the contractor will put an allowance number in …
What is a scope of work for a property rehab checklist?
FlipperForce is an all-in-one web-based house flipping software built to help house flippers, rehabbers & investors analyze deals & manage their rehab projects. HOURS Mon-Fri: 8am - 5pm CT Weekend: Closed E: support@flipperforce.com
How to get quality work out of a contractor and construction crew?
A scope of work is an essential document that carefully lists the projects to be completed on a rehab property; no property rehab checklist should come without one. One might even think of a scope of work as a “house flipping checklist” of sorts that helps the investor communicate to contractors exactly what needs to be done and how.
How do you deal with difficult contractors?
Learn to speak the same language.Know what you want. This is critical. ... Expect messes, then work to minimize them. ... Don't assume the world revolves around you. ... Be prepared for delays. ... Your help can hurt. ... Your job may cost more than you expect. ... Not all contractors are shady. ... Find a good contractor.More items...•Dec 4, 2003
What is rehab in construction?
Rehabilitation is defined as the act or process of making possible a compatible use for a property through repair, alterations, and additions while preserving those portions or features which convey its historical, cultural, or architectural values.
What are the steps to rehab a house?
Although the exact rehab process will vary based on the property and the exit strategy, there are 10 general steps to follow to rehab a house:Evaluate Current Property Condition. ... Calculate ARV and Offer Price. ... Create a Rehab Checklist. ... Calculate a Budget. ... Hire a General Contractor. ... Pull Permits. ... Begin Demolition.More items...•Aug 20, 2021
What is a rehab deal?
A real estate rehab is when investors purchase a property, complete renovations, and then sell it for a profit. These projects can take anywhere from a few weeks to a few months, depending on the amount of work needed. This is one of the most popular exit strategies in the industry, and rightfully so.
What is the difference between rehabilitation and restoration?
Restoration is defined by the Society for Ecological Restoration [43] as 'the process of assisting the recovery of an ecosystem that has been degraded, damaged, or destroyed', whereas rehabilitation focuses on 'reparation of ecosystem processes, productivity and services'.Oct 28, 2013
What is the difference between renovation and rehabilitation?
As verbs the difference between rehabilitate and renovate is that rehabilitate is to restore (someone) to their former state, reputation, possessions, status etc while renovate is to renew; to revamp something to make it look new again.
What is the first thing to do when remodeling a house?
Step 1: Planning. Nail down a budget. ... Step 2: Demolition. ... Step 3: HVAC, Electrical, and Plumbing. ... Step 4: Framing and Drywall. ... Step 5: Painting. ... Step 6: Cabinets & Fixtures. ... Step 7: Doors & Windows. ... Step 8: Clean House & Air Vents.More items...
Is it worth rehabbing a home?
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.Mar 2, 2022
How do you calculate rehab costs?
3:0016:443 Ways to Estimate Rehab Costs (Even on Your FIRST Deal)YouTubeStart of suggested clipEnd of suggested clipSo a typical flip formula might look like this where you're taking the after repair. Value and theMoreSo a typical flip formula might look like this where you're taking the after repair. Value and the purchase. Price. And you have to know the rehab costs in order to solve the equation.
What is Brrrr method?
Share: The BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Method is a real estate investment strategy that involves flipping distressed property, renting it out and then cash-out refinancing it in order to fund further rental property investment.Mar 1, 2022
What is a light rehab?
Light rehab can also include minor drywall repairs, upgrading fixtures (lights, faucets, etc.) and doing a landscaping refresh. With a light rehab the exterior is in generally good. condition with only paint or simple exterior cleanup needed to improve curb appeal.Jun 25, 2020
What is rehab loan?
Rehab loans are designed to help homeowners improve their existing home or buy a home that can benefit from upgrades, repairs, or renovations. A 203(k) rehab loan is a great way to help you create your own home equity fast by bringing your home up to date.
Establish Good Communication
Ask the contractor how he prefers to communicate with you. Good options include: 1. Being onsite and talking with your contractor every morning bef...
Track All Changes in Writing
Your team may encounter unforeseen structural issues, or you may decide to include additional work as the project evolves. Any good contractor can...
Pay only For Completed Work
Your remodeling contract should establish a series of payments to be made when certain aspects of the job are completed. For example, your contract...
What is a contract document?
Create the contract documents. Contract documents consist of working drawings (aka blueprints) and specifications. The specifications are particularly important in a restoration project, as many of the procedures and materials are not commonly used in new construction. The contract documents are then used to obtain bids from contractors.
What is an architectural program?
An architectural program lists the functional requirements in a house—how each room is to be used, the relationships between rooms, the types of fixtures or equipment needed, the sizes of rooms, and more—that make the house livable for you and your family. It will help you to decide where to locate new uses, such as an exercise room and home office, which were never part of the original design. A carefully developed architectural program also insures the house will be functional after the restoration or rehabilitation is completed.
What is a building permit?
Required for most work other than minor repairs, building permits are issued by the municipal or county building permit department or, in some jurisdictions, by the fire marshal. They ensure that the proposed work meets the building code and that the house will be safe to occupy after completion.
What to do when you have a house in a building?
Begin with demolition and trash removal. Remove any trash inside or outside the building. Remove any items that are damaged or that you will be replacing (flooring, cabinets, appliances, light fixtures, toilets, water heaters, etc.) Outside work may include trimming any dead trees or bushes and removing garage doors, fencing, sheds, decks, and siding.
What is the best way to change the look of a house?
Install light fixtures, flooring, and appliances (stoves, dishwashers, washing machines, dryers, etc.) Lighting is a great way to change the look of a property and is relatively inexpensive compared to other repairs. Flooring may include vinyl or ceramic tile, hardwood, carpet, or laminate.
What should be included in a home inspection?
The home inspection should include the heating system, air-conditioning or HVAC system, interior plumbing, electrical system, the roof, the attic, any visible insulation, walls, ceilings, flooring, windows, doors, foundation, sewer line, and the basement.
What should be included in a checklist?
Include both interior (walls, paint, etc.) and exterior items (e.g. landscaping, gutters, and outside lighting). The checklist should be very detailed and describe everything that needs to be done to the property. The inspection report can be used to generate the checklist.
What is a pre-screen question?
Pre-screen any candidate to determine if he or she is a good fit for your project. Pre-screen questions should cover these considerations: A contractor's experience: you want at least three years. Equipment: a contractor should have his/her own equipment. Employees: you want to see adequate support to complete the job.
How to get quality work out of a contractor?
One of the best ways to get quality work out of a contractor and construction crew is to make them enjoy working for you. That means being decisive with the contractor -- and giving him a check promptly at the agreed-to points in the project. Being friendly and accommodating of the workers is a great way to motivate them to do their best for you.
How to communicate with a contractor?
Ask the contractor how he prefers to communicate with you. Good options include: 1 Being onsite and talking with your contractor every morning before work begins. 2 Having your contractor's cell phone number and the OK to call or text anytime. 3 Talking with the job foreman every day at a pre-determined time.
When is the best time to check on a contractor?
Be proactive about checking your contractor’s work. A good time to check is when the crew has left for the day. Make notes in your journal and bring up anything you're wondering about during your daily check-in with your contractor or job foreman. You can:
How to motivate employees to do their best?
Being friendly and accommodating of the workers is a great way to motivate them to do their best for you. Try: Designating a bathroom that they can use. Greeting them by name each morning. Serving them cold lemonade on a hot day. Complimenting their work (as long as you feel it’s worthy of praise).
What is allowance in a bid?
An allowance is a line item in the contractor’s bid for something that’s yet to be determined. For example, if you haven’t chosen the plumbing hardware for your new master suite, the contractor will put an allowance number in the budget as a placeholder.
What is rough in construction?
Rough-in Phase. what is rough-in? Rough-in refers to the phase of construction when 'rough' framing, piping and wiring are installed in your property. During the rough-in phase, your walls are still open and the drywall is not installed, which allows your MEP (mechanical, electrical & plumbing) contractors to install their 'rough' piping, ...
What happens when you install ductwork?
Once the ductwork is installed your your Plumbing Contractor will install the gas lines, waste lines &, hot/cold water supply lines. The water supply lines are then capped until the plumbing fixtures are installed in the finish phase.
Where do HVAC ducts start?
Ductwork Installation - Your HVAC Contractor will start by running the ductwork in the attic, or if your property has a crawlspace or a basement, perhaps in the floor joists.
What happens during rough in phase?
During the rough-in phase, your walls are still open and the drywall is not installed, which allows your MEP (mechanical, electrical & plumbing) contractors to install their 'rough' piping, wiring & ductwork in the property.
What is mechanical rough in?
The Mechanical rough-in work also known as HVAC work (Heating, Ventilation, and Air Conditioning) involves the installation of the ductwork and HVAC equipment. Ductwork is installed prior to any plumbing or electrical work that may interfere with the installation process.
What is rough in electrical?
Electrical rough-in involves the installation of the Electrical rough-in is typically the last rough-in trade on-site because it's easier to run wires around ductwork and pipes than vice versa. Electrical Rough-in Steps. Nail Up Junction Boxes - Once devices are laid out, junction boxes and can lights are mounted.
What is scope of work?
A scope of work is an essential document that lists the projects to be completed on a rehab property in careful detail; no property rehab checklist should come without one.
What to bring to a walkthrough?
Bring essential tools like a camera and flashlight: Don’t show up to your walkthrough empty-handed. Investors should always bring a camera, flashlight, calculator, and a notepad to any property walkthrough. Take pictures as you look around so that you can reference certain rooms and areas later.
What is the responsibility of a contractor in a construction site?
Health and Safety Issues. The contractor must guarantee health and safety in the construction site, by implementing adequate procedures and raising awareness among workers. The contractor is also responsible for the proper operation of equipment and preventing any accidents from misuse.
What are the duties of a construction contractor?
The first duty of a building contractor is creating a project plan to deliver it on time. Some responsibilities include: 1 Planning all crucial project development and implementation details. 2 Determining the construction equipment and material requirements, and planning their procurement. 3 Predicting possible changes and creating risk mitigation strategies. 4 Meeting any legal and regulatory issues. 5 Establishing effective communication among all project participants.
What is the job of a building contractor?
In general terms, a contractor is responsible for planning, leading, executing, supervising and inspecting a building construction project. The responsibility extends from the beginning to the end of the project, regardless of its scope. Contractors accomplish their duties by planning activities, ...
Who is responsible for tracking progress?
During the construction process, the building contractor is responsible for tracking progress and managing any necessary changes. Of course, contractors must always have the project scope, time and budget in mind when making decisions.
What is the job of a contractor?
Contractors accomplish their duties by planning activities, supervising workers, and ensuring the project follows local codes and laws. A contractor may hire subcontractors for specialized areas, such as electrical installations and HVAC systems.
What are the responsibilities of a construction manager?
Some responsibilities include: Planning all crucial project development and implementation details. Determining the construction equipment and material requirements, and planning their procurement. Predicting possible changes and creating risk mitigation strategies. Meeting any legal and regulatory issues.
What is a master schedule?
Every project has a master schedule that describes all activities, along with their time distribution and planned budget. This schedule has a completion date that contractors must meet, and hefty penalties normally apply for missing the deadline. A late completion can only be justified if the project was delayed by external factors beyond the contractor’s control, such as extreme weather.
Construction & Rehabilitation of Ports, Harbors & Jetties
Construction & Rehabilitation of Ports, Harbors & Jetties in Kenya & East Africa.
Mooring and Berthing Dolphins
Mooring and berthing dolphins are designed to safely moor vessels alongside offshore structures. SECO has unique experience of the construction of mooring and berthing dolphins through many successfully completed jetty projects worldwide. SECO can offer both substructures/foundations, as well as topside installation works.
Quay wall renovation
Quay wall renovation works might be required to reinforce existing quay walls to enable heavier materials and equipment to be handled. SECO can provide services ranging from chartering jack-up platforms as a stable working platform to facilitate drilling works, to the management of full renovation projects.
Jetty Design & Consulting
Are you in the market for a jetty for your business or establishment? At SECO, we have experience in jetty design which has included constructing marine infrastructure for a wide range of businesses including yacht clubs, ports, mining businesses, marinas, government sectors and other construction companies.
Marine and Jetty Piling
Piling is an essential element of the construction process, regardless of whether the building is taking place on land or offshore. Due to our longstanding experience, we have an unmatched knowledge of the East African waters and its seabed conditions.
Jetty Maintenance
Ongoing marine maintenance is required by many jetties and wharves in the East African region. Being a coastal region, marine maintenance is an essential part of life and fundamental in ensuring our aquatic lifestyle remains safe and can continue to be enjoyed.
