Editing 1course Real Estate (section)

==== Planning Your Renovation ====
A solid plan is the foundation of a successful renovation. Here’s how to create one:

# '''Assess the Property:'''
#* '''Inspection Report:''' Use your inspection report to identify critical repairs and upgrades.
#* '''Buyer Preferences:''' Research what local buyers are looking for in homes. Modern kitchens, updated bathrooms, and open floor plans are often top priorities.
# '''Create a Detailed Plan:'''
#* '''Scope of Work:''' List all the tasks that need to be completed, from major repairs to minor cosmetic upgrades.
#* '''Timeline:''' Establish a realistic timeline for each phase of the renovation. Be sure to account for potential delays.
#* '''Budget:''' Break down your budget by category (e.g., kitchen, bathroom, exterior) and allocate funds accordingly.
# '''Example:'''
#* '''Scope of Work:''' Replace the roof, update the kitchen, renovate the bathrooms, and paint the interior and exterior.
#* '''Timeline:''' Roofing (1 week), kitchen (3 weeks), bathrooms (2 weeks), painting (1 week).
#* '''Budget:''' Roof ($8,000), kitchen ($15,000), bathrooms ($10,000), painting ($3,000).