In the last round of tips provided for home renovation for the purpose of flipping your investment, we talked about leaving items where they are, specifically pipe work and the like as having major work done to these areas not only requires a significant financial investment, but also a time investment that may hinder your bottom line. Yet, if you do find yourself in a position where the inner workings need to be tended to without question, then there are a few other steps you can take to ensure that you get the best possible results for both your time and money.
Firstly, the vast majority of your success will be based on your plumbing company of choice. You want to ensure that you find a company that has a history of reliable service, one that has specific experience with the work you need done, and of course, one that will work within your budget. For our specific work, there is a specific Hockessin plumbing company that we work with who fits all of these criteria and provides us with the results we need, in both time and financial investment. If you find yourself fortunate enough to locate a company that knows and appreciates the work you do, then getting the work done that you need will be all the easier. They will be able to let you know up front the amount of time it will take, give you a proper estimate, and even provide you with a little faster work as they get to know you, and that your work is one that requires a quick turn around time.
Secondly, and this may be a tip that a lot of home flippers already know, but work smart, not hard. When you need to work on inner pipe work, then you want to ensure that you are moving as little pieces as possible. This again boils down to a time and money ratio, but also, you don’t want to be sinking investment unnecessarily. If you only have to move one or two sets of pipes rather than ten or twenty, then choose that. This is also where a good rapport with your plumbers will come in handy as they will be able to tell you what works best, rather than what will simply earn them more money.
And lastly, you want to be sure that your upgrade is one that works better than the previous iteration. This requires analysis on a number of fronts, including monthly costs to the home owner, whether additional pieces are superfluous, and whether or not it will be harder for your customer to maintain than previous iterations. You need to look at each step you take from the position of the person you’re selling to. Having a good idea as to what the future of the home will entail will give you a much better ability to sell the home, you need to know it inside and out, every tap and every pipe.