How to Make a Fixer-Upper Ready for Tenants

Buying and renovating a fixer-upper seems like a wise investment. However, there is a great deal of work that goes into these properties. If you are

Buying and renovating a fixer-upper seems like a wise investment. However, there is a great deal of work that goes into these properties. If you are looking to rent out this space, then you want to pay careful attention to the main components to ensure your tenants are safe. While paint and new carpeting might be smart additions, they will be of little value if the electrical system has old knob and tube wiring.

Clean Up

Cleaning up these properties can be a monumental task. You will need plenty of help, especially if there is any rehab to be done. It would be useful if you had a large dumpster and plenty of elbow grease. Anything questionable or dangerous should be notated and added to the repair list. Use disinfectant to kill off any germs from age, sitting empty, or wildlife that may have occupied the home during the transition.

How to Make a Fixer-Upper Ready for Tenants: Repairs

There will most definitely be a long list of repairs on a fixer-upper. Look for issues like uneven floors, old wiring systems, HVAC units that are outdated or not efficient, as well as water damage. Water damage can be exceptionally costly to repair, and mold can be found in many different areas of a home.

While the first place you want to look is the basement or the bathroom, don’t be so sure that there isn’t mold hiding in other spots. You may need to remove drywall to uncover the true magnitude of the problem.

As you go through the home during your repairs, make sure that you do everything from a safety point of view. Attending to repairs now is a prudent step, as it could cost you more down the road if someone gets sick or perishes while renting because of situations in the home.

Upgrades and Improvements

The goal of most fixer-upper homes is to get in and out for as little money as possible. The longer it takes to make repairs, the more money it’s going to cost you. However, you cannot rush through a renovation project and put tenants into a dwelling without taking the proper precautions.

If the HVAC system needs to be upgraded, then fix it. If the home needs to be re-piped, then handle it now. It’s always easier to make repairs before someone moves into the home then to try to work around them when they are inside.

Buying and rehabbing fixer-upper homes is a great way to have a rental business with low overhead. Before tackling such a project, you must make sure you have the money and the time to do things right. As a landlord, you have certain laws that dictate tenants’ rights, and you don’t ever want to cross those by having things like mold or bad wiring inside one of your properties.

If you’re looking for a new property to rent, take a look at our listings!

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 



$109,900
Multi-Family For Sale
Active
2
BED
2
TOTAL BATHS
73-75 Cabana Ave
North Fort Myers, FL 33903
NORTH FORT MYERS Subdivision
$94,900
Condo For Sale
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2
BED
2
TOTAL BATHS
892
SQFT
Foxmoor #H
5745 Foxlake Dr H
North Fort Myers, FL 33917
New Listing - yesterday
$184,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,431
SQFT
502 SE 18th Ave
Cape Coral, FL 33990
CAPE CORAL Subdivision
New Listing - 2 weeks online
$149,900
Multi-Family For Sale
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4
BED
2
TOTAL BATHS
5445 Eighth Ave
Fort Myers, FL 33907
PINE MANOR Subdivision
New Listing - a week online
$59,900
Land For Sale
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0.23
ACRES
LEE
COUNTY
1817 NE 23rd Ave
Cape Coral, FL 33909
CAPE CORAL Subdivision
New Listing - yesterday
$139,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,192
SQFT
3232 Carrington Dr
North Fort Myers, FL 33917
NOT APPLICABLE Subdivision
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$11,900
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0.23
ACRES
LEE
COUNTY
421 Tropicana Pky W
Cape Coral, FL 33993
NOT APPLICABLE Subdivision
$135,000
Mobile Home For Sale
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2
BED
2
TOTAL BATHS
1,002
SQFT
19215 Arrowhead Ln
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision
$134,995
Mobile Home For Sale
Active
2
BED
2
TOTAL BATHS
958
SQFT
9945 Lake Fairways Blvd
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision
$12,500
Land For Sale
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0.231
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LEE
COUNTY
2816 NW 6th Ave
Cape Coral, FL 33993
NOT APPLICABLE Subdivision
New Listing - 3 weeks online
$254,900
Multi-Family For Sale
Active
4
BED
4
TOTAL BATHS
5148-5150 24th St SW
Lehigh Acres, FL 33973
LEHIGH ACRES Subdivision
$144,900
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2
BED
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918
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19847 Eagle Trace Ct
North Fort Myers, FL 33903
PINE LAKES COUNTRY CLUB Subdivision
New Listing - 4 weeks online
$164,900
Single Family Home For Sale
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3
BED
2
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1,440
SQFT
4323 7th St W
Lehigh Acres, FL 33971
NOT APPLICABLE Subdivision
Price Change - 3 weeks ago
$249,900
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4
BED
2
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18645/647 Holly Rd
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SAN CARLOS PARK Subdivision
Price Change - 4 weeks ago
$249,900
Multi-Family For Sale
Active
4
BED
2
TOTAL BATHS
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SAN CARLOS PARK Subdivision
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SERENGETI Subdivision
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ALVA Subdivision
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0.25
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IMMOKALEE INDUSTRIAL PARK Subdivision

 

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