Exterior Improvements to Make Money Renovating Houses
On the outside, almost always, the same opportunities will arise. First, the front view. Take out anything that masks the view of the house; evergreen bushes and large plants in front are not necessary and close off the view of the house. There is nothing worse than hiding your flip behind a bunch of bushes and trees. Instead, choose blooming plants with a low profile that are bright and make your property look fresh and new.
Second, windows and trim. No, don’t replace them. However, to make money on your flip, clean lines are a must. Make sure the trim has a good contrast with the major paint color and looks good to the eye. Also, take it one step further and put the trim around the windows – it will make your flip stand out.
And on the topic of trim and paint generally, don’t forget to touch it up. It may not be immediately evident, but bubbling, splitting and chipping paint needs to be touched up. This means using a little elbow grease. Potential buyers will be standing in line to buy your flip if they are impressed before they even step inside.
Finally, take a look at your garage floor, if you have one. One of the cheapest and easiest changes you can make to your garage is to install an epoxy garage floor product or garage floor tiles. They will clean up the look extremely fast and make any guy who enjoys garages fall in love with the house instantly!
Interior Improvements to Make Money Renovating Houses
The trend, and your strategy, with today’s flips is contemporary clean lines using neutral colors. Everybody wants a home that makes them feel like they won the lottery. The first step to doing this is white – white baseboards, white trim, and white doors – throughout the house. This will brighten your flip immediately and increase the likelihood of selling your flip quick.
Second, dark and unappealing rooms are a not good. In addition to the white trim and doors, pick base colors that reflect light. Rule number one in house flipping is the lighter (both literally and figuratively), the better.
While you’re looking at the walls, ask yourself a couple of questions. Are these colors you would look for in your home? Is the painting of a good quality? Often the answer will be no and no. Home owners often don’t even take the time to make sure the same colors are on the wall. Painting is probably one of the most boring things to do. It is time consuming and not really fun. But dollar for dollar, nothing will increase the value of your flip like a fresh coat of paint. When imagining this house flip though, just think of all the money loaded up in that paint brush.
Finally, other easy improvements include tile in the bathroom instead of linoleum, and new, upgraded countertops and appliances in the kitchen (and tile if there is no tile in the kitchen – makes a huge difference). The old adage that kitchens and bathrooms sell still holds true. Wow them with a couple of good looking pieces and stainless steel, and buyers will be begging to purchase your flip at a premium price.
In closing, remember, keep looking for those flips that need a little touch up, not major improvements, and you’ll be flipping houses all the way to the bank. And don’t forget to check out those garage floor tiles, they really can make a huge difference!