Renovation Consultation for Real Estate Investors

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Renovation Consultation for Real Estate Investors

Inspired by a conversation on:

The Short Term Show

The Short Term Show

The Truth About Buying “Ugly” Cabins That Cash Flow with Amy Morehead

Host: Avery Carl

Timestamp: 00:10:11 - 00:10:40

Listen to Episode • View Podcast • All Ideas from The Short Term Show

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Feather Flow

Direct Quote

"I will bring in tradesmen. Bring in plumber, bring in electrician... We have that 10-day period. We're going to have a foundation person come in and take a look."

Market Gap

Investors lack expert guidance on property renovations.

Real estate investors often face challenges when it comes to renovating properties, particularly those that require significant repairs. Without access to expert advice, they may misjudge the scope of work needed, leading to costly mistakes or poor investment decisions. Many lack the knowledge to assess the feasibility of renovations, particularly when it comes to critical structural issues. Not addressing this problem can result in financial losses, unfinished projects, and properties that fail to meet the desired standards for rental or resale, ultimately harming the investor's bottom line.

Summary

This business idea focuses on offering renovation consultation services specifically tailored for real estate investors looking to purchase distressed properties. The service would provide expert advice on assessing property conditions, estimating renovation costs, and managing tradespeople effectively. By guiding investors through the renovation process, this service can help them make informed decisions, avoid costly pitfalls, and enhance the value of their investments. It would appeal to both novice and experienced investors who want to maximize their returns while minimizing risk during property renovations.

Categorization

Business Model
Service
Target Founder
Subject Matter Expert
Difficulty
High
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$2,000 - $5,000 MRR
Moderate (Most Likely)
$5,000 - $15,000 MRR
Optimistic
$15,000 - $35,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
8/10
Market Potential
9/10
Evidence
8/10
Overall
7.8/10
Found on October 1, 2025 • Analyzed on October 1, 2023 8:38 AM

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How should I validate this service idea before building it?

2:34 PM

Great question! For a service idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Subject Matter Expert to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your high difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 3-6 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available $1,000-$10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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