If you’re new to the game of flipping houses, you’ve probably debated whether or not to hire a handyman to help you out with manpower and expertise. You only have so much time, energy, and money, so the debate can be long and intense. Let’s look at some of the pros and cons of hiring someone to help you flip your homes.
First, of course, if you do the work yourself, you will be saving yourself that expense. However, if you have a regular job, that means working long nights and weekends to get the house ready to turn around. It will also take much longer than if someone else worked on it full time, which means it will take longer for your earnings to come back to you. Another consideration is your hourly pay rate. If you earn more than a handyman’s salary, it could pay you to work overtime at your job. Also, the longer you have the property, the more payments and expenses you will have.
If you choose well, the experience of a handyman can be invaluable to you, because they’ll know a lot more about tackling the various aspects of remodeling than you do, and their skills will generally be less expensive than outsourcing to various individual contractors.
However, finding someone with that kind of skill level can sometimes be difficult. If possible, try to hire someone who has worked for another investor on a similar project. Since there are many people who trade houses, you will find that there is a skilled workforce that you can access.
Ask other investors for references. The more you know about a person’s skill level and work ethic, the fewer problems you’ll run into. However, if you are forced to hire someone you don’t know, here’s a piece of advice: always give them a small project to complete, just to see what kind of work they do, how timely it gets completed, and whether the project came through. we budget. If you’re happy with the results of your test project, you can give them more work. If you’re not, send them packing.
Hiring a handyman can save you money, time, and headaches in the long run, if you choose wisely and stay on top of the remodeling project every day. On the other hand, we get a lot of personal satisfaction from the work we do ourselves (and I think I paint better and faster).
The important thing about fixing up and remodeling houses is having fun improving neighborhoods and helping people.