Do It Yourself Or Hire It Done?
Sometimes, when buying – or even thinking about buying – real estate
for investment purposes, you’re faced with the need to fix up the
property. The question then arises: Should I fix it up myself or hire
it done? Unfortunately, no one can give you the right answer. However,
there are a few questions that you can ask yourself to help decide the
1. Do I have The time?
Time is an issue that many people forget about, but it should be one
of the deciding factors. Some renovations, such as handles, hinges or
kitchen hardware can take very little time to do. Others, like retiling
a bathroom, can take hours, or even days to accomplish. If you don’t
have the time to do these things personally, you’ve already answered the
2. Do I Have The money?
Obviously, money is as important a factor as time. Often, if you
don’t have the time, you do have the money to hire someone. However, if
you have neither the money nor the time, you may need to reassess
whether you can really afford the real estate you’re thinking of
buying. You may want to continue looking to find something that needs
fewer repairs or that you can get at a lower price.
3. Do I Have The Know-How?
Granted, there is a lot of do-it-yourself information out on the
Internet. However, if you don’t have the necessary knowledge to
understand what they’re saying, you’ll either have to research more, or
hire someone. Being knowledgeable on what you’re doing may not be so
important when, say, you’re painting the living room, but it’s
incredibly important if you need to rewire a room or want to knock down a
The main key when deciding on what property to buy, what renovations
need to be made and whether to do it yourself is simple: Be realistic.
Be honest with yourself. Can you really do this? Can you really
afford it? Remember, if the answer is “no,” it could just mean “not
Don’t be afraid to wait until you have everything in place before
picking your investment properties. If you’re careful with your time
and money management, you may find yourself able to buy that dream real
estate investment property.
Let me help you find the perfect real estate investment property for you. Call me today at [phone] or email me at .
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