Uploaded on Jun 16, 2022
The decision-making process in deciding whether to hire an investment property renovation contractor or try to tackle the project yourself is significantly different for real estate investors than it is for homeowners.
                     DIY Versus Hiring a Contractor
                     DIY versus hiring a 
contractor
 The decision-making process in deciding whether to hire an 
investment property renovation contractor or try to tackle the project yourself 
is significantly different for real estate investors than it is for homeowners. It 
may seem like an easy decision, decide what you want to be done, estimate 
the costs and timeline, weigh that against your skill level and schedule and 
decide what is best for you. For a homeowner, that makes sense, but for an 
investor, we need to take a much closer look.
 What are your goals?
 When it comes to major renovations, the goals of a homeowner are often not 
the same as those of a real estate investor. Let’s say, for example, you are 
doing a major kitchen renovation. A homeowner will likely have a very 
specific idea of exactly what they want based on their unique tastes and 
lifestyle. Maybe they are a gourmet cook and want to splurge on high-end 
stainless steel appliances, or maybe they have an eclectic taste and want a 
unique paint job with pastel colors and prints around the ceiling. All that 
customization could add up to a huge price tag and long timeline if an 
investment property renovation contractor is hired to do the whole thing, 
especially if much of the work, such as the painting, can easily be done by an 
amateur. Not only that, homeowners can be finicky and want things done a 
very specific way and they may be happier just doing it themselves.
 Now compare that to the investor. Even the greenest landlords quickly learn 
that when it comes to rentals, tenants want simple and clean. Mid-grade 
appliances, off-white walls, and neutral colors are always best. Most tenants 
are not looking for their dream home it’s usually the opposite, they want a 
budget-friendly place while they save for their dream home. Most 
investment property renovation contractors can knock out a simple kitchen 
renovation quite quickly, and most rental property investors should be doing 
other things with their valuable time than spending it on painting or other 
work.
 While it can be a huge money saver at times for an investor to be handy with 
tools and have the ability to take care of simple things quickly and easily, 
successful investors are usually better off hiring pros.
 What is your time worth?
 As an investor, you have to think about what your time is worth and the value 
that you bring to the table as a landlord. In the long term, establishing 
professional relationships with investment property renovation contractors in 
your area generally pays off. Investment property renovation contractors like 
working with landlords, they know these jobs tend to be easier and they are 
likely to get much more work in the future if they do a good job.
 Successful landlords become successful because they develop systems and 
routines that lead to an efficient and smoothly run business, they don’t 
become successful because they take a few days off of their business to paint 
or sand a hardwood floor. While a little elbow grease is important, most 
landlords should usually think about hiring investment property renovation 
contractors for most jobs.
 Have it done right the first time
 When it comes time to sell the property, having work done by professionals is 
crucial. Having work done by licensed investment property renovation 
contractor is a necessity when a home inspection is involved. Thinking big 
picture and long term will pay off with cleaner inspection reports, faster 
closing dates, and much more negotiating power when it comes time to sell.
 Our goal at Renozee is to save you time, money, and headaches. When 
deciding whether to hire a pro or do it yourself, remember to keep in mind 
your goals and think for the long term, and if you are a landlord, do not 
underestimate the value of building relationships with reliable 
investment property renovation contractors in your area.
Get in touch with 
us
PO Box 1175 PMB 
30072
(C8in8c8i)n-3n7a1ti-,6 O1H1 145201 
[email protected] 
                                          
                
            
Comments