DIY or Hire a Contractor For Your Next Fix and Flip?

DIY or Hire a Contractor For Your Next Fix and Flip?
Share Article:

Preparing a rehab budget for your loan application paperwork is a crucial element in your fix and flip strategy. 

Rehab budgets show where you can maximize your returns or bleed cash and jeopardize your project. The primary decision to make before filing your loan application is whether you will DIY or hire a contractor. Choosing one or the other can affect the speed and quality of your fix and flip. 


DIY or Hire: Why Should You (Not) DIY a Project?

If the project directly draws on your skillset, you may want to do it yourself and save money. You know how you want the finished repair or remodel to look. Also, you want to make sure you’re keeping your budget in check. However, even the most skilled DIYer isn’t a professional across all trades. 

A contractor knows how to transform your vision into reality. They’ll assemble a talented team that is best able to quickly complete your fix and flip within budget. Even if you can perform a repair, it may be better to hire someone else. You can use a site like to find the best contractor for your job. They will have the team to get your projects done faster with a flawless finish.


Why Should You Hire a Contractor? 

Paying a contractor can be costly. When minimize spending, it may seem counterintuitive to bring in someone to do work that you could complete yourself. However, forgoing a contractor could mean that you end up spending more money in the long run. Self-completed repairs may lead to unforeseen problems and potential delays. Also, there may be evident quality differences when not using a professional tradesman.

Additionally, contractors can take an owner’s vision and translate it into high-quality, beautiful remodels within strict budgets. They know where it’s possible to reasonably trim the budget without affecting the final result. Most importantly, they know where cutting corners isn’t wise. 


Reason #1 to Hire a Contractor: Their Experience

A contractor is a seasoned professional who does the kind of work you need all day, every day, and has seen it all. With a broad range of experience across properties, your contractor is likely to pick up on potential problems that you won’t notice until you’re too far into the project, and have no choice but to start over or majorly re-work your plans, costing time and money. 

Consider how much time it would take for you to measure, buy, assemble, and hang your own gutter system versus how long it would take for a professional gutter repair team to complete the project. That’s because a gutter repair team does this work daily and they operate like a well-oiled machine. 

Each member of a contractor’s team has a role and they know it inside and out so they can work with speed and efficiency.


Reason #2 to Hire a Contractor: Warranties

Good contractors stand by their work. When you have a potential buyer for your fix and flip property, they’ll want warranties or reports on the electrical, plumbing and HVAC system. 

No matter how stellar your work is, if you DIY repairs to any of these major household systems, no one is just going to take your word on the quality or accuracy of the repairs. 

Buyers want the peace of mind that only the workmanship, warranties, and reports from a licensed tradesman can provide. 


Reason #3 to Hire a Contractor: Cost

While it may be impossible to anticipate every cost down to the penny in a rehab budget, a good contractor can help you develop a reliable budget that represents the true costs of your repair and remodel in labor, materials, and time.

The more accurately you can structure your rehab budget, the more likely it is that you’ll be able to receive timely draw requests. Remember, draw requests are only paid out after an inspector approves the work anyway, so not having a professional contractor as part of your team opens you up to the lender’s inspector seeing incomplete or inaccurate work that you could have avoided. Not only does that hold up your funds but could cost you more to fix. 

The decision to DIY or hire a contractor when it comes to your fix and flip can have a significant impact on the overall viability of your loan application. As your trusted fix and flip partner, we’re here to advise you when making important budget decisions for your loan application, such as explaining the benefits of hiring a contractor for remodeling and repair work. Reach out to Bay Mountain Capital today and let’s discuss the best way to reach your fix and flip goals within your timeline and budget.


About Bay Mountain Capital:

Bay Mountain Capital has been in business for more than a decade, closing approximately 2,000 loans. We specialize in financing all types of residential and commercial property investments throughout Texas and Georgia. Using common sense and value-added approach, we strive to incorporate these principles into our underwriting and closing processes.

As a direct lender, Bay Mountain Capital can close a loan within one day after receiving a complete file and clear title. The process generally takes two weeks for a residential loan but can be accelerated where circumstances require it.

We are primarily an asset-based lender, which means that qualification requirements are limited. Our rates and fees are among the lowest in the industry.

Subscribe to the BMC Newsletter

Sign-up to receive Bay Mountain Capital news and updates.