In this video, we discuss how new investors can best leverage their home inspector along with a general contractor to get better renovation estimates and have less budget surprises.
We chat with home inspector and contractor Curtis Niles of Armor Home Inspections (https://armoredhomeinspections.com/) to cover the tips from the home inspection report to the scope of work document.
You can also find Armor home Inspections on Facebook at https://www.facebook.com/ArmoredHI/
Key moments in the video
1:13 Overview of using renovations to add value for investments
4:38 Tips for developing preliminary budget estimates before you place offer
6:43 Rules of thumb for costs per square foot in Philadelphia area
9:25 Role of home inspector vs contractor
11:23 How to maximize the timeline with inspectors and other home experts
13:43 What should be on your initial scope of work document?
15:43 When do you need a structural engineer to review issues?
21:12 What is project management?
25:38 Getting help as an out-of-state investor with project management
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Veronica comes from a family of real estate investors. She is passionate about helping clients create wealth, build a legacy, and design a dream lifestyle through real estate.
What makes Veronica stand out from other realtors is her financial background. With an MBA in Finance from The Wharton School and a bachelor’s degree in Economics from Northwestern University, she does not run from the numbers. She spent over a decade running financial models to help her employers evaluate projects and products. This skill allows her to simplify the bottom line for a homeowner or forecast the return on investment for a developer.
Veronica is a licensed realtor in PA. Veronica helps her clients buy, sell, invest in real estate in the following neighborhoods in the Philadelphia metro area: Cedar Park, Chester, Cobbs Creek, Darby, Drexel Hill, Germantown, Kingsessing, Lansdowne, Marcus Hook, Overbrook, Overbrook Farms, Sharon Hill, University City, Yeadon, and Upper Darby. Her company also provides property management services for single-family homes and small apartment buildings in the area.
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