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Rehab Planning Schedule

How to make money from a rehab?

If you are planning to invest in real estate market, a rehab can be a great option. You can buy an old building at a very low price. Then you will have to restore it and make it fit for use. There are many things that have to be done for this. First of all the building has to be made safe and strong. If the building is too old it might not be in accordance with the new disaster management rules. Also the walls, foundation and ceiling might have weakened over the years. You will have to take care of all that before you start to make the building beautiful. Now the good thing is that you will not have to worry about this by yourself. You might be doing it for the first time but there are contractors that have enough experience in restoring old buildings. You can hire one of them and make things easier for you.

Even if you have found and hired the right contractor, you should still keep a close eye on the work. It is your job to make sure that the work is completed on time. And for that you will have to prepare a rehab planning schedule. It is a detail of all the milestones of restoration. You should tell your contractor how fast you want the work to be done and on the basis of that prepare a schedule. When the work is still going on you should keep comparing it with the schedule.

 

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