It goes without saying that you will need to work out a budget for
your renovations.
This should include materials and labour, and also a miscellaneous
fund for unexpected repairs and jobs that go over budget.
A good rule of thumb is to spend no more than 10 percent of the
home’s value on renos, with the kitchen renovation coming in at about two percent.
Limitations are not just financial: they can also include time
constraints and stress.
Be realistic about how much you can take on every week as a
project manager or DIY renovator, accepting that problems can also arise during
the renovation process – and these may take extra time than you initially
bargained for to rectify.
RealRenta has all the
tools that a property manager has but for less than ¼ the cost of a
property manager.
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and the cost is less than a cup of coffee a week to manage your rental property
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Jason Gwerder
Friday, 6 May 2022
