Rehab, Renovate or Remodel

 Is there a difference between Rehab, Renovate, and Remodel?

Do you know the difference between rehab, renovate, and remodel? More importantly, do you know when each term applies? While they're all terms that get thrown around in the building world, it's easy to use them interchangeably. But in a real sense, they are different.

This article will help you understand the differences between these terms and help you choose the best option for your home improvement project. Ready? Let's roll.

Rehabilitation

Rehab is the first step in a home's transformation. It's defined as any work necessary to bring a property to local building codes and basic habitability standards. 

This can include installing a new roof, replacing broken windows, fixing faulty wiring and plumbing. Additionally, it can involve cosmetic upgrades, such as new flooring or painting.

Renovation

On the other hand, renovation is restoring something to its original condition. It is often used when referring to property restoration, including buildings, monuments, and residences.

A renovation project could be as simple as painting the walls and repairing the floors to replacing old pipes, electrical wiring, and HVAC systems. It can also include repairs on foundation or reinforcing beams to specifics like replacing countertops and appliances in kitchens and bathrooms.

Remodeling

Remodeling could be as simple as removing a load-bearing wall between two rooms or as complex as building an addition to your home. 

Remodeling usually involves changing the layout of an existing space — removing or adding walls, for example — rather than just updating finishes.

While renovations and remodeling may sometimes overlap in scope, rehabs are more invasive than either of those processes. A rehab intends to take a dilapidated house and make it livable again. 

Rehabs are typically done when a house has been neglected so long that it's no longer habitable. 

Bottom Line

Ultimately, the important question is what you want out of it. If you're trying to sell your home and want to give it a facelift, a remodel best serves you by remodeling. But if you'd like to make it truly your own space and renovate what you can, this is likely your best option. 

 

Ultimately, rehab will work the best after a disaster since it will make your home livable.

However, either way, we hope we've made it easier for you to make the right decision for your next DIY project.

Home Improvements to Raise Property Value

 7 Property Upgrades That will add Value in Today's Housing Market

Many homeowners choose to make updates or repairs to increase the value of their property. It's important to remember that the norms for home upgrades may have changed since the market crashed in a tough housing market. A few home upgrades consistently generate a high return on investment (ROI). So, which upgrades still make sense in today's market?

1. New Siding

Siding is a great way to improve the overall look of your home, and it can also add value. If your home needs new siding, now is a good investment. If your home currently has vinyl siding, consider replacing it with something more luxurious, like cedar shake siding.

2. A New Roof

A new roof is a wise investment in any housing market. It can add value to your home and also make it more energy-efficient. Asphalt shingles are a popular choice among homeowners, but metal roofs are becoming increasingly popular. In addition, a new roof will protect your home from the elements and could even lower your insurance premiums.

3. A New Deck

Adding a new deck or patio is a great way to add value to your home. Outdoor living spaces are becoming more and more popular, and you can use them for entertaining, relaxing, or even working from home. If you have an area, this is an upgrade that will pay off in the long run.

4. A New Kitchen

A new kitchen is always a good investment. Whether you're planning to sell your home soon or stay put for years to come, an updated kitchen will add value to your property. A new kitchen can be a central selling point if you're planning to sell. Buyers are always looking for homes with updated kitchens and bathrooms. If you're not planning to sell anytime soon, a new kitchen will still increase the value of your home and make it more enjoyable and cozy.

5. A New Bathroom

Like a new kitchen, a new bathroom can be a significant expense – but it's also one of the best ways to increase the value of your home. Updating your bathroom is one of the smartest investments you can make in your home. Not only will a new bathroom increase the value of your property, but it can also provide you with years of enjoyment.

6. A New Garage Door

If you're looking to give your home an instant facelift, a new garage door is a great place to start. It's a relatively affordable upgrade that can make a big difference in the curb appeal of your property. A new garage door can give your home an instant facelift, and it's a relatively affordable upgrade.

7. New Windows

Replacing your windows is a great way to improve your home's energy efficiency – and it can also add value. Installing new windows is a great way to enhance your home's appearance and energy efficiency. New windows can save you money on heating costs in a cold climate.

Final Thoughts

Making home improvements is a great way to add value to your property. Whether you're planning to sell your home soon or stay put for years to come, these upgrades will make your home more enjoyable to live in and increase its value.

Raising Tenant Standards

 How to Raise Tenant Standards That Don't Violate Fair Housing Laws

If you're a rental property owner who wants to increase the quality of your tenants, you may be wondering what steps you can take. It helps to weed out applicants who are likely to be unreliable in terms of rent payments. It's important to remember that you cannot set requirements that unfairly discriminate against certain groups of people, so any changes you make to your tenant selection process must be within the bounds of fair housing law. We will outline a few tactics that you can use to improve your tenant pool while still staying within the law.

1. Require A Credit Check

One way to get a better sense of whether or not an applicant is likely to be responsible tenant is to require them to undergo a credit check. It will give you information about their credit history and debt-to-income ratio. Applicants with a poor credit score or high debt levels may be more likely to miss rent payments or cause other damage to your property.

2. Require A Lease Application and A Security Deposit

Requiring applicants to complete a lease application can help you get a better sense of their qualifications for tenancy. It will allow you to see if they have a history of evictions or outstanding debts, for example. Additionally, requiring a security deposit from all tenants can help protect you from potential damage or missed rent payments.

3. Using a Property Management Company to Handle Applications

Using a property management company to handle your tenant applications can help you avoid any potential discrimination lawsuits. Property management companies are experienced at screening tenants and know how to do so that they don't violate fair housing laws.

Final Thoughts

There are several ways to improve your tenant pool while still staying within the bounds of fair housing law. By requiring credit checks, references, and a lease application, you can better understand an applicant's qualifications for tenancy. Additionally, using a property management company can help you avoid any potential discrimination lawsuits.