Your Renovation May Look Great—But Can You Prove It?
Real estate investors: UAD 3.6 is something you need to be paying attention to.
If you're buying homes to fix and flip, it's no longer enough to simply complete the renovation and make the property look great.
You need to be able to document what was done.
Permits, contractor information, photographs, inspections, invoices and other renovation documentation can become important when an appraiser is evaluating the finished property.
And this is where some investors could get smoked—especially if they renovate without pulling required permits or fail to keep adequate records of the work.
So what should you do?
We've created a UAD 3.6 Appraiser Renovation Package specifically for real estate investors and renovation contractors.
The goal is simple:
Document the renovation as you go, rather than trying to recreate everything after the project is finished.
We've put together a straightforward package that can help investors and contractors organize the information and photographs that may be needed to support the improvements made to a property.
investors think a price reduction is the only way to get more eyes on a listing. Wrong. A quick Cancel & Relist in the MLS gives you a fresh listing, renewed marketing push, and maximum exposure — all while saving you hundreds (sometimes thousands) in commission.