Home Renovation Q&A: Permits, Scope of Work, and Managing Contractors | Bigger Pockets Video
Episode #1107
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Does your rental property need some updating? Maybe you’re buying a house with unpermitted work, and you’ve got to go back and fix a few problems. Or, this could be your first home renovation as you try to squeeze some sweat equity out of your property. Regardless of your situation, if you’re planning a home renovation, you’ll need to know how to do a few things: build a scope of work, pull permits, manage contractors, and ensure the job is actually getting done. We’ll help you do all of those today!
We’re taking questions from the BiggerPockets Forums today and answering topics like:
🚧 What to do when your home has unpermitted renovations
âś… How to analyze your first rental property or house hack
🛠️ How to build a scope of work to ensure you get the HIGHEST appraisal value
🔎 The best way to check in on renovations, especially if you’re investing out-of-state
Some of these seem tricky if you’re a first-time investor, but don’t worry, ANYONE (even a newbie) can handle a home renovation IF you take the right steps and follow our suggestions.
00:00 - Intro
01:02 - Buying with Unpermitted Renovations
10:38 - How to Analyze First Property
18:04 - Building a Scope of Work (SOW)
24:08 - Checking in on Renovations
