Ever wonder how other investors are handling renovations, how involved they are in the process, and how much they are spending? The Iceberg Report, which was surveyed by Harris Poll and is the most detailed analysis on the single-family residential investment industry ever done, tackled these questions. Here are some of their findings:
How involved are investors in their property renovations?
Do major work personally: 7.2%
Do some work personally: 21.6%
Hire an investor specific contractor: 14.2%
Use general contractors for entire process: 20.9%
Are general contractors themselves: 23.7%
How much do investors spend on fix and flip renovations?
Over $45,000: 25%
How much do investors spend on rental property renovations?
$10,000- $19,999: 25%
Want more data from The Iceberg Report? Download your FREE copy. Looking for funds for your next property renovation? Learn more about how you can pull cash-out of a current property.
Disclaimer: The information in this blog has been prepared solely for informational purposes. The contents are based upon or derived from information generally believed to be reliable although Visio Lending accepts no liability with regard to the user's reliance on it. For legal advice, please contact your counsel.