Figuring out how to renovate multiple properties at the same time is something that often becomes necessary as your real estate empire grows. Often, you have to strike while the iron is hot and take advantage of opportunities as they present themselves to you. 

But what do you need to do to make a multi-renovation work? 

Develop A Master Plan

First, you’ll need to step back and develop a master plan. You need to figure out how you’re going to build your roadmap to success. 

Most renovators do one property at a time. However, you might find that it pays to focus on structural work first, and then perform cosmetic upgrades afterwards. 

Assemble Your Team

Next, you’ll need to assemble your team. You need people who can get the job done quickly, and to a high standard, like local painters, subcontractors, and project managers.

If you can vet your team before they start work, that’s even better. This way, you can determine whether they have the skills and aptitudes you need for the work. 

Get Your Permits

If you need permits, make sure that you have them early in the process. Don’t let delays stifle your progress or prevent you from transforming the properties as you want. 

Usually, you can do what you like to the interior of buildings, but it is worth checking zoning regulations. Don’t change the building’s use unless you already have a business case for doing so, as moving from commercial to residential or vice versa can be complicated. 

If you can anticipate coding issues or talk to someone who understands the rules and what you’re doing, that’s even better. Someone like that can guide your projects and tell you if you’re making any mistakes. 

Create A Schedule

Once all that’s in place, the next step is to create your schedule. You want to have every minute of the day mapped out so you can use your time efficiently. 

Ideally, you want to renovate real estate properties with minimal structural damage, but selling for a discount for cosmetic reasons. Turning these around is usually inexpensive and represents a quick profit opportunity, whether you want to rent or flip them. 

Buffer times between schedules is useful because it means that you can manage project overruns. Sometimes, you will have some free time at the end of a project that you can use for other things, like property search. 

Use Pre-Fabricated Solutions

During multiple renovations, it helps to use pre-fabricated solutions, including cabinets, countertops, and modular walls. These speed up the time to completion and let you get more done compared to doing everything by hand, which is useful. 

Just ensure any prefab units you use meet aesthetic standards, as they can sometimes fail to live up to expectations. 

Implement Efficient Workflows

Finally, make sure you figure out how to implement efficient workflows. Look for ways to structure and order your work so you don’t make mistakes and can get jobs done as fast as possible as you go along.