- You turn your rent money into equity
- You are not under the gun for deadlines
- You can save money and do projects as you can afford them
- You can take more time learning about carpentry, decorating etc.
- You can shop for bargains and save even more
- You don't have to worry about subcontractors showing up for completion deadlines
- You may be able to take advantage of free labor of friends and family
- You don't have two mortgage payments to make.
- You won't be under stress of deadlines
- You will be able to enjoy much more of your free time
- You can wait until the market is right for a sale
- You plan on moving in three to four years
- You may have to live in the midst of partially completed projects
- You renovate to sell not to live in
- Your end profit will take a little longer to realize
- You will not have to move
- You will not have to live in the midst of partially completed projects
- Your end profit may come quicker
- You are under the gun for deadlines
- You may not have enough self-contractor experience
- You may be dependent on subcontractors for completion
- You have to find subcontractors
- You may pay more for labor in busy times
- You may run into unexpected repair problems
- You have less time to shop for money saving bargains on materials
- Your completion may be affected by the weather
- You may have to make two mortgage payments
- It may cost you more money than anticipated (and probably will)
- It may take you more time than anticipated (and probably will)
- You will have less free time
- You may have increased stress
- The MTM factor could ruin you
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