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The low-cost rehab system has the following characteristics:
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Given a choice, selection of properties in better condition.
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Rehabbing occupied, rather than vacant, properties.
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Work specifications by the agency doing the rehab.
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"Partial" rather than "gut" rehab to save existing systems.
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Carefully choosing repair methods and materials.
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Downsizing -- not rehabbing more space than the family needs.
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Minimal reconfiguring of the basic floor plan.
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Applying prudent rehab codes rather than new construction codes.
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Working with tenants of owners in place and avoiding relocation.
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On smaller jobs, using neighborhood tradespeople or in-house crews.
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Using salvaged or bargain-priced materials.
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Expectations of sweat equity work if ownership is offered to able people.
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Getting a flow of smaller projects, rather than "packaging" a big one.
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From page 1-5, Cost Cuts Manual.
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