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FLIPPING AND REMODELING
When it comes to flipping or remodeling a home the highest objective is controlling costs. No matter if your flipping the home for a short term investment or replacing the kitchen and finishing out the basement in your new home, controlling costs isn’t always easy. At Beckett Real Estate, our owner, Evan Beckett has spent years in construction. He has a vast understanding of current building codes and construction practices, but he also knows what material costs is, how long jobs should take, and has cultivated many professional relationships with various subcontractors over the years that can help take care of you. We know your time is valuable and its hard to know who to trust.
At Beckett Real Estate we treat our clients like they are part of the family and are happy to help facilitate the job and its oversite. Keeping you informed throughout the process which will save you time and money, so that you can be working on your next project.
When it comes to flipping houses, many investors focus on buying and selling properties and forget about the importance of the grunt work in between, which is renovating the house. Although this may not seem as exciting as other parts of the house flipping process, these renovations are critical to ensuring you make a profit on your fix and flip.
Hiring contractors comes with many risks. Contractors can be expensive, slow to complete their work, or may not live up to their promises. Ensuring that your property is repaired correctly and in a timely manner is key to a successful flip. Therefore, you want to find a contractor who will provide detailed and accurate bids, communicate effectively, and deliver on their agreements. If you’re wondering how to find a great contractor, we’re here to help!
No matter how great your contractor seems to be, it’s always important to oversee their work and make sure it is being completed up to your standards. Many real estate investors have horror stories about contactors letting them down and ruining their timeline on a project, sometimes even with contractors they had successfully worked with before. Thats why your realtor with Beckett Real Estate will be right there to help assist with this oversite so that you can stay on schedule.
The key to making sure your contractor does a good job is lots of oversight and communication. We will walk through the job site with your contractor so they know exactly what you want done. Get a written bid at the beginning of a job, as well as a written estimate of when the work will be completed. We will stay in constant communication with your contractor and visit the job site often to oversee the progress on your behalf or with you.
At Beckett Real Estate we partener with many lenders who have unique lending programs that cater specifcally to clients who are looking to fix and flip, air bnb or are looking to build a rental portfolio. They also have programs to help clients remodel thier new homes on the front end. Visit our preferred lenders page for a complete list of lenders ready to help you today!
The main difference between how real estate investors and typical homeowners work with contractors is the price that contractors charge. Most people won’t need to hire the most expensive contractor on the market to complete their job; however, homeowners often get charged more because they’re not as aware of how much projects should cost. An investor will make sure they are getting a good deal, whereas most homeowners will simply pay the price given to them by the contractor. At Beckett Real estate we help guide you in not getting over charged weather you are an investor or a homeowner. Our owner has spent years in construction and gladly passes on his expertise to ensure your not only getting what you want but your also not being taken advantage of.
Although contractors can make more money working with homeowners, there are still other reasons why some would prefer to work with investors. House flipping contractors can count on a consistent flow of work from investors, particularly if they do a good job. Rather than worrying about where their next job will come from, they can stay busy with constant jobs from one source. Furthermore, it’s usually easier to work on a vacant home than one where homeowners are currently living, as they don’t need to worry about sticking to a work schedule as much.
General contractors will do everything and take care of all the work needed on a property, whereas subcontractors will focus on one specific part of the job (such as electrical, plumbing, foundation, flooring, landscaping, etc.). Hiring subcontractors is more work for you, because you have to find and vet multiple contractors at once, but can also be cheaper and more efficient than hiring a general contractor. General contractors have so much work to do that they usually charge more and may move slower, whereas subcontractors are specialized and work fast, so you can have multiple tasks completed at once by different subcontractors. Let us help you in determining which is best for your project.
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