If you are selling a property that needs major repairs or renovations, hiring a contractor and get it repaired must be on the top of your properties. But before you take any step in this direction, you need to ask yourself one thing: “Do I have a clear idea what exactly needs to be repaired or renovated?”
Repair work can turn out to be a money pit if you don’t know the answer to this question. You should spend money only on those repairs that would add value and make the property more desirable to prospective buyers when you put it on the market.
In order to make repair tasks organized and clearly defined, you need to create a Scope of Work. The Scope of Work tells you what you need to do exactly and how you will go about doing it. The Scope of Work is an outline of all jobs required to be done on the property and estimated costs for each one of them.
A scope of work should include these four things:
Here’s how a scope of work will attribute to your success:
If you know what jobs you need to carry out, you will be able to hire a contractor who can offer you the best quote. You will know what skills the people you are hiring should have in order to perform their assigned tasks properly.
You can also come up with a definitive workflow. You can assign milestones and deadlines to each job and make sure that they are completed on time and to your satisfaction.
Scope of works tells you not only what you need to do, but also what you don’t need to do. You will be alert whenever something that you had not planned beforehand while building the scope of work demands your attention. You will be able to determine whether or not it’s worth spending money and time on. By building a scope of work, you will know what your end product will look like. It guides you while you turn a rundown property into a home that prospective buyers will want to buy.