Rehabbing a Home? Be Ready for These 5 Costs By Ruby Frazier
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re you considering rehabbing a home to turn it into your dream property or a lucrative investment? While the idea of transforming a fixer-upper into a gem is exciting, it’s crucial to be prepared for the costs that come with the process. Beyond the purchase price, rehabbing a home involves various expenses that can catch you off guard if not properly anticipated. In this article, we’ll break down the five major costs you should be ready for when rehabbing a home.
INITIAL PROPERTY ASSESSMENT AUGUST 2023
AND INSPECTION FEES Before diving headfirst into a home rehab project, it’s essential to understand the property’s condition thoroughly. This involves conducting a comprehensive property assessment and hiring professional inspectors to evaluate the home’s various aspects. From the foundation to the roof, electrical systems to plumbing, a thorough inspection will identify any potential structural or safety issues that need attention. While these inspection fees may seem like an additional expense, they are a crucial investment. thepowerisnowmeida