I thought I'd start this thread for everyone to post their lessons learned when house flipping. I hope you will find these useful...please add you own!
- What’s involved with Asbestos siding removal on exterior walls?
~1000ft2 house as quoted at $3,250
Debris placed into min 6mil trash bags and duct tape tied
Water misting wands are used to keep all dust down
Enviro suits and breathing apparatus required
Cover ground with plastic
Hang warning signs and perimeter tape
Debris placed into min 6mil trash bags and duct tape tied
Water misting wands are used to keep all dust down
Enviro suits and breathing apparatus required
Cover ground with plastic
Hang warning signs and perimeter tape
- Ensure to budget for trash container (demo debris), all utility bills and deposits, carrying costs of loan, permits, closing costs, rental equipment, etc.
- Make sure all material is on site before installing (i.e. all boxes of tile for the job)
- Must have license for operation of heavy equipment (backhoe)
- Mix paint batches before applying (Exterior of house, merge all 5 gal buckets)
- When inspector cites you for not having proper permits, he will pull the electric meter (no power on the job site)
- Rule of thumb 25-60 BTU/ft2 to cool a home
- “Tape and Bedding†= finishing the drywall joints
- Dura-rock behind shower tile walls, green sheetrock in bathroom
- As much as $125/hr for experienced plumber
- Do not pay unknown contractors up front
- Bathroom lighting rule of thumb: 8 watts/ft2
- Test older popcorn ceilings for asbestos before removing
- Don’t keep materials / tools on worksite – at least secure worksite
- 30-35cents/ft2 for sod
- Curb appeal 5%-10% increase in value of house
- Install a key box with code- all players know the code (saves time)
- Order doors, windows, cabinets, granite early!
- Order 7%-10% additional flooring material to account for trim/waste
- Heat house during winter to prevent pipe freeze
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