Answers by Kenneth Cox

A gut rehab usually means the property was completely renovated from the inside out. The home may have been taken down to the basic framing (the studs) and rebuilt with new electrical, plumbing, HVAC, drywall, flooring, kitchen, bathrooms, and modern finishes. In many cases, the work has already been done, so the house is essentially like a newer home inside even if the exterior or structure is older.