House remodeling is more about deciding where to spend your budget than the details of every little DIY project. These decisions typically rely on your final vision; once you transform a shabby little house, what audience do you want your new project to speak to?
Center Street Lending wants to you be successful in your fix and flip project. We offer some simple design ideas to face these renovation headaches head-on. A few quick fixes (depends on everyone’s work schedule how “quick”) can completely update the character of the house and improve your chances of investment.
Claustrophobic rooms and corridors is typically the first problem house flippers face when flipping properties in older neighborhoods. Sure, you can risk breaking down the walls and opening up entire floor space. But this requires contractors and opening up an array of foundational concerns. A little bit of design can brighten up small rooms through painting strategy. Select two nice colors, combining light and darker shades. This combination will draw the eye from one end of the room to the other and contribute to the illusion that the space is larger. It will feel elongated. Staging also affects potential buyers here as long as you choose pieces of furniture that appropriately fit the space and allow flow of the eye and actual physical flow when you need to pass through the room. Many people like small rooms, but they always need to be comfortable.
A fireplace can only be quaint and inviting if its functional and updated. Getting it completely replaced is way too expensive. If it’s really in poor condition, a little bit of artistic flair may be in order.
Paint goes a long way here, too. You may consider investing in new tiles or stones for a striking central feature in the room, such as brick. Even if the fireplace isn’t exactly functional, it creates the sense of a “hearth” and makes the home romantic. As long as it’s not an eyesore.
Invite your buyers into the property by creating a calm, welcoming front yard. Don’t get afraid to get your hands a little dirty. Create structure by planting simple shrubs and some playful seasonal flowers. Depending on your house, you may have to get your hands a little dirty to pull up weeds and overgrowth. After fixing up the landscape, repainting the front door adds a whole new perspective to the neighborhood.
Once buyers get past the front of the house, they want to see the kitchen. Flippers typically spend the majority of their budget on kitchen rehabs. For good reason, as this is where buyers tend to focus their questions when house hunting. How can you stretch your budget here? The cabinets are a central feature of the home. So, find a new finish to freshen the cabinets. Also, add modern pulls and handles. How does the floor look? If you think it’s worth the time and money to polish, grout, wax, or stain it back into beauty than prioritize this work. It might be worth it to consider budget-friendly, sustainable materials like bamboo to give the floor a completely new look.
You may have made perfect redesigns all over the house, but if it’s not presented well to your buyers, it’s unlikely you’ll sell for the price you want. Emphasize your hard work and design updates by having the home professionally staged. Consider this in your rehab budget.
Years and years of experience won’t even prepare some real estate investors for some of the renovation issues they confront in some of these houses. From a weirdly outdated floor plan to a tiny useless bathroom, its important to target and change these features instead of getting frustrated and ignoring them.