How do you know when you are done with a rehab?

Question

Hey BP! I am nearing the end of a rehab and I am wondering if I am missing anything? It seems like there is always something you can add to the punch out list (deep cleaning, touch up paint etc.). I was wondering what other investors do to round out the end of a rehab to make sure they have a good end product.

Seth Ferguson · Answer

Like @Yvonne Harnischfeger said, you can always do something more to a house. Many newbies fall into the over-improvement trap. Talk to a high-performance agent who'll know the market inside and out.

Yvonne H. · Answer

@Joshua Rountree you may want to go to a few model homes in your houses price range and compare what they consider finished to what you have done.  Check out the bathrooms, kitchens and flooring.  Everything will be new in a model home but pay attention to the finishes - the quarter round moldings on hard floors, caulking all the corners etc.

Or get a Real Estate agent to take a look - they absolutely love to point out every flaw in a home...LOL.  Take note of what they say and fix what you think is reasonable.  If you plan on selling you can ask your listing agent to take you to comps in the area and see what your competition is.

A home is never really finished, but I learned a long time ago that you have to stop yourself at some point.  Also don't be tempted to put features in when the neighborhood won't support it.