If you're trying to flip a house for a profit, keeping your renovation budget low is one of the most important things to keep in mind. However, you also need to make sure you're making wise choices so that you don't run into problems down the line. Hiring a pro can be a smart move in certain situations, including the following:
1. When you're taking down a load-bearing wall
Load-bearing walls are those interior walls that hold up the weight of a home, and they're generally the walls that run perpendicular to floor joists or rafters. If you remove a load-bearing wall without taking the proper steps to support your structure, you could find yourself in a dangerous situation.
To keep your roof from coming down on top of you, you'll need to install a header. You can do this yourself (or with a few friends), but it can be a bit difficult getting everything just right, and the weight of the header can sometimes be over several hundred pounds. For peace of mind, you can have a contractor get things squared away for you. Soon, you'll have that open floor plan that's so popular with new homebuyers.
2. When you're dealing with old plumbing
Depending on the age of your home, you may come across rusty pipes. Galvanized steel pipes were used in most homes built before the 1970s, and unlike today's PEX or copper pipes, they're prone to rusting. This can lead to leaks and low water pressure, so it's a good idea to have these completely replaced.
Another issue is that your drain lines might have been damaged by tree roots, which are probably as old or older than the house itself. Tree roots can take over your sewage line, causing back-ups and unpleasant odors seeping into your home. If you've tried plunging your sinks and toilets and water still isn't flowing properly, have a plumber such as Ken Rentmeister Plumbing come take a look and remedy the situation on your behalf.
3. When you need to update the electrical
If you're trying to flip an older property, you may run into problems with the electrical system. Most older homes were wired using materials that aren't used anymore, like knob and tube wiring. Over time, building codes have become much more stringent to keep residents safe from electrical fires.
Instead of handling the wires on your own, you can call on a professional to get the job done right. He or she will make sure your wires are properly protected and that your amperage is ideal for the amount of power you expect to be used in the home.
When you're planning your renovation budget and are trying to figure out how much money you can potentially make from your flip, remember that you might not be able to do everything on your own. Calling in professional help from contractors, plumbers, and electricians can ensure that your property will be safe, modern, and ready to go on the market.