HOME RENOVATION IN THE UNITED STATES: HOW TO DO IT?

 HOME RENOVATION IN THE UNITED STATES: HOW TO DO IT?

Home Renovation in the United States: How to Do It?

Once you purchase a property, there may be renovations to be done. This work is important, whether structural or aesthetic. Investir.us explains how to successfully renovate homes in the United States.

Home renovation in the USA

Home Renovation in the United States: Speed and Quality

When renovating, speed and quality are essential. Indeed, the work must be completed quickly in order to offer the property for rental as quickly as possible to avoid losing money. However, quality should not be compromised. Indeed, it is an essential element on which you should not hesitate and be willing to pay a little more, but which will prove to be much more profitable in the long term. As an illustration, the city of Cleveland (Ohio), which is a market where we invest, has houses mainly equipped with single glazing. During renovations, we install double glazing, which is certainly more expensive but will be more durable over time and can be valued by a tenant to demand a higher rent.

Read also: Is this the right time to buy a house in the United States?

Select the renovations to be done

There are certain points that absolutely must be checked during a renovation. For example, the hot water tank, boiler, and any other mechanical part of the house must be inspected and replaced if necessary. The overall structure of the property must also be taken into account, particularly the roof, which must be carefully inspected to avoid any risk of leaks that could damage the rest of the house. This is also for property insurance reasons. The team you work with must be able to identify the positive and negative points during an initial visit to assess the overall quality of the property. Secondly, you must obtain a renovation budget established by your service provider. Be careful, in the United States, there are certain specificities that you will need to be vigilant about. Being a foreigner requires you to be always more attentive; relationships are not the same. So make sure you are dealing with people who are competent in their fields.

Quality renovations to attract tenants

When renovating, aesthetics and quality are paramount. A well-kept appearance, both inside and out, is crucial. Your property must make potential tenants want to move in. It's therefore important to hire a renovation team with meticulous work methods. The property must also be thoroughly cleaned after the work. And don't forget, for example, landscaping the garden to make a home pleasant from the first glance. All of these elements combined create a competitive advantage over other properties on the market. This ensures strong rental demand and, therefore, a more demanding tenant selection process. The property's vacancy rate will also be reduced, and profitability will be stabilized over the long term. You should also seek the assistance of professionals. They are the ones who will be familiar with the specifics of the market and who will understand the tastes and habits of the residents. Never forget that cultures differ.

We always recommend hiring professionals to assist you with your projects. They will help you with your investment and avoid costly mistakes.