BRRRR Method: Best Way to Rehab

Even before you’ve purchased your property, you should be getting the rehab plans in place. When investing in the BRRRR method, you want the renovations to happen as quickly and smoothly as possible—not to mention not costing you an arm and a leg.

And that takes careful pre-planning…

Rehabbing and the BRRRR Method

• Rehabbing for the BRRRR method is not the same as rehabbing for a property to live in
• Rehab pre-planning is key
• Make realistic budgeting estimates

Rehabbing for the BRRRR method is not the same as rehabbing for a property to live in

If you were buying a dilapidated property with the intent of doing it up to live in, then you’d be looking to add in all those personal touches that make a house your home. 

However, this is not what you’re going to do with your BRRRR property. While you want to restore it to a decent and long-lasting standard, there is a big difference between the finish of a personal home to that of a rental property. While any structural needs will be the same, the décor and finishing touches may be very different.

For example:

• Flooring: Laminate flooring is a good choice in a rental property. They’re easy to keep clean, tenants can personalize them with rugs, and—should they get damaged—are easier and cheaper to repair than carpets. If you want to use carpets, go for darker colors and, rather than spending a fortune on luxury ones, invest in a good underlay. This will make any carpet feel thicker.
• Color: The golden rule here is neutral, neutral, neutral. Sure, magnolia/off-white/light grey is boring, but there’s a reason these shades are so popular in rented accommodation. Don’t forget to use acrylic/water-resistant/wipe-clean options. If you’re aiming to have a portfolio of rental investment properties, keep the color scheme the same throughout and store some spare tins for whenever an update is needed.
• Kitchen: Does the kitchen need ripping out and replacing or would a makeover of the doors and surfaces work? Choose stand-alone appliances over built-in ones—they’re cheaper to buy and replace, should they go wrong.
• Bathroom: Shower trays have a habit of leaking, whereas a shower over the bath can be a less problematic solution. An electric shower is preferable so that if there’s a boiler problem at some point a hot shower is still available.
• Fixtures and fittings: Go classic and basic. Leave the luxury items for your own home. Even if you go for the cheapest Home Depot options, it won’t make a jot of difference to how much rent you can charge.

Rehab pre-planning is key

Pre-planning the rehab project is essential. Seek out your team well in advance. Good builders and tradesmen are in high demand, so book them early. If your ambition is to increase your property portfolio using the BRRRR method, then building up great relationships with trusted traders is essential.

Treat them well, pay them on time, and they’ll be one of your best assets as your empire grows.

Make realistic budgeting estimates

Most of all, don’t underestimate how much your rehab is going to cost. It always (always!) costs more than the novice investor anticipates. Take heed of the advice that tradespeople provide and always build in a buffer for the inevitable increase in the cost of supplies.

Time to Make Your BRRRR Method Investment Dream Come True… Contact BRRRR Loans Today

There might be a lot of lenders out there that want your custom, but no one can promise the market-leading rates and short closing that you’ll get with BRRRR Loans.

There’s a reason that our repeat borrower rate is so high—and it’s because we’re the best at what we do.

So, give us a call today, and let’s discuss the art of the possible. Head to  https://www.brrrr.com/loan-programsfor more information and we look forward to chatting in person.