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Planning repairs and renovations
Repairs and renovations require careful planning and execution to keep them on schedule and within budget. Before you begin, prioritize your repairs and renovations so that you know what’s most important; I give you all the tools and tips you need in ssss1. Invest your time and money in the repairs and renovations that promise the most bang for your buck — and then if you need to trim costs, you can skimp on the less important stuff.
Applying makeup
The ideal house for a first-time flipper is one that requires only cosmetic work — what I call makeup. Cosmetic work, covered in ssss1, includes the following low-cost repairs and renovations:
A fresh coat of paint throughout the house, including base trim
New siding, fresh paint, gutter replacements, and other external tweaks
New wall-to-wall carpeting in any rooms that need it
New light fixtures
New outlet and light-switch covers
A thorough cleaning, inside and out
Window washing
Storm window and door repair or replacement