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 Look for issues like uneven floors, old wiring systems, HVAC units that are outdated or not efficient, as well as water damage.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.

 



$159,999
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5
BEDS
3
TOTAL BATHS
2640 Saint Charles St
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EVANS ADDITION Subdivision
$82,900
Townhouse For Sale
Pending With Contingencies
2
BEDS
1
TOTAL BATH
875
SQFT
Palm Frond Condo #2B
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0.23
ACRES
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Cape Coral, FL 33909
CAPE CORAL Subdivision
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Townhouse For Sale
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2
BEDS
2
TOTAL BATHS
1,260
SQFT
Parkwoods Townhouse Community #4
12336 Woodrose Ct 4
Fort Myers, FL 33907
New Listing - 5 days online
$15,900
Land For Sale
Pending With Contingencies
0.23
ACRES
LEE
COUNTY
223 NW 8th Ter
Cape Coral, FL 33993
CAPE CORAL Subdivision
$134,995
Mobile Home For Sale
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2
BEDS
2
TOTAL BATHS
958
SQFT
9945 Lake Fairways Blvd
North Fort Myers, FL 33903
LAKE FAIRWAYS COUNTY CLUB Subdivision
$12,500
Land For Sale
Pending
0.231
ACRES
LEE
COUNTY
2816 NW 6th Ave
Cape Coral, FL 33993
NOT APPLICABLE Subdivision
New Listing - 3 weeks online
$259,900
Multi-Family For Sale
Pending With Contingencies
4
BEDS
4
TOTAL BATHS
5148-5150 24th St SW
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LEHIGH ACRES Subdivision
$144,900
Mobile Home For Sale
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2
BEDS
2
TOTAL BATHS
918
SQFT
19847 Eagle Trace Ct
North Fort Myers, FL 33903
PINE LAKES COUNTRY CLUB Subdivision
$13,500
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0.285
ACRES
LEE
COUNTY
828 Acton Ave
Lehigh Acres, FL 33971
LEHIGH ACRES Subdivision
New Listing - 5 days online
$18,900
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0.23
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LEE
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2610 NW 10th St
Cape Coral, FL 33993
CAPE CORAL Subdivision
$275,000
Single Family Home For Sale
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3
BEDS
2
TOTAL BATHS
1,878
SQFT
2552 NW 20th Pl
Cape Coral, FL 33993
CAPE CORAL Subdivision
$175,000
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0.23
ACRES
LEE
COUNTY
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Cape Coral, FL 33914
CAPE CORAL Subdivision
New Listing - 5 days online
$9,900
Land For Sale
Pending With Contingencies
0.269
ACRES
LEE
COUNTY
6138 Holt Ct
Fort Myers, FL 33905
CAPE CORAL Subdivision
New Listing - 5 days online
$12,500
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0.23
ACRES
LEE
COUNTY
4333 NW 36th Ave
Cape Coral, FL 33993
CAPE CORAL Subdivision
New Listing - 3 weeks online
$228,900
Villa For Sale
Active
2
BEDS
2
TOTAL BATHS
1,385
SQFT
17716 Wayside Bend
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BABCOCK Subdivision
$199,900
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0.914
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SERENGETI Subdivision
$999,900
Single Family Home For Sale
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4
BEDS
4
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3,786
SQFT
17301 Palm Beach Blvd
Alva, FL 33920
ALVA Subdivision
New Listing - 2 weeks online
$69,900
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2.07
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LEE
COUNTY
18190 Lyndhurst Ln
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ALVA Subdivision
$120,000
Mobile Home For Sale
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2
BEDS
2
TOTAL BATHS
826
SQFT
4915 Needlefish Ln
St. James City, FL 33956
PINE ISLAND COVE Subdivision
Price Change - 4 days ago
$209,900
Multi-Family For Sale
Active
6
BEDS
4
TOTAL BATHS
505-507 E 12th St
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LEHIGH ACRES Subdivision
$165,000
Villa For Sale
Active
2
BEDS
2
TOTAL BATHS
1,341
SQFT
444 Bethany Village Cir
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VILLAGES OF BETHANY Subdivision
New Listing - 3 weeks online
$175,000
Single Family Home For Sale
Active
3
BEDS
2
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1,321
SQFT
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WILLOW LAKE Subdivision
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0.5
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LEE
COUNTY
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NOT APPLICABLE Subdivision
$239,999
Single Family Home For Sale
Pending
4
BEDS
3
TOTAL BATHS
1,967
SQFT
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LEHIGH ACRES Subdivision
New Listing - 3 weeks online
$239,999
Multi-Family For Sale
Pending
6
BEDS
4
TOTAL BATHS
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Lehigh Acres, FL 33974
LEHIGH ACRES Subdivision
$64,900
Land For Sale
Active
0.25
ACRES
COLLIER
COUNTY
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Immokalee, FL 34142
IMMOKALEE INDUSTRIAL PARK Subdivision

 

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