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By Daniel Mc Grey on Jan 7, 2010 |Investing
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In any kind of business, it is always important to maintain acertain level of professionalism. Sometimes, it is professionalism thatdetermines whether a business survives or sinks. When rehabbing a home ,the same principle applies. However, there are some instances whenrehabbers commit unprofessional acts without even noticing it. Here aresome instances when a rehabber’s professionalism is put to test The first sign of lack of professionalism when rehabbing a home appears when listing repairs and improvements for the property. Thishappens because of a wrong frame of mind. Remember that when you arefixing and flipping properties, you are doing it for the house’s nextowner and that owner is not you. All the repairs you will carry outmust be directed towards increasing the property’s value and notsatisfying your personal wants for the house. The idea is to turn adistressed property into a profitable investment and not into yourdream house. One classic example is when choosing what flooring to use. Let ussay that you’ve always imagined your dream house to have shiny woodenfloors. So when you found a property, you listed “wooden floors” amongyour needed materials even when it will be much cheaper and easier tolay out carpet instead. In this case, you let your personal preferencestake over your professionalism. Another example is when picking colors for paint or tiles. Let ussay you have always liked pink ever since you were a child. So when youstarted rehabbing a home, you picked pink as color for the interior andeven for the ceramic tiles on the bathroom. In this case, again, therehabber should have been more professional than personal. While thereis nothing wrong with the color pink, it is always better to stay touniversally accepted colors. Light colors are ideal for interiors whilelarge white tiles never go out of fashion for bathrooms. Lack of professionalism when rehabbing a home also appears in the marketing stage. Some rehabbers tend to shun offersmade by prospective buyers whom they think are not worthy of the housethey worked hard to bring back to life. It’s like they are strugglingto let go of the property just because the buyer doesn’t seem to be a“good” person. In this case, personal preferences again took overprofessionalism. When rehabbing a home, always maintain a certain level ofprofessionalism. That’s how you will build good rapport with a networkof helpful people and earn huge money. Go to rehab-real-estate.com for more articles on this business.
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