If you are interested in flipping houses, focus on low-cost changes in the bathrooms, kitchen, and living rooms. Make over your flooring with some low-cost tricks and you will find your low-cost renos can mean big profits.

 

If you interested in house flipping, there are many things that you can learn from contractors. One of the things that you can best learn is how to create interiors that will make your house sell itself. Contractors often advise investors to:

 

1) Focus on the kitchen. Homeowners spend most of their time in the kitchen, and it is one of first things in a house that homebuyers look for. Any appliances that are not white, black, ivory, or stainless steel should be replaced. Any appliances that look dated also have to go. It’s hard to create an attractive kitchen with these sorts of appliances in it. Luckily, you can often buy floor model appliances at big box stores and at factory outlets that are up to 60% or even 75% off the retail price. Almost every homebuyer will remember what the appliances in a house looked like, especially if those appliances make a bad impression. Spend time looking for used appliances if you have to, but make sure that they create a good memorable impression. If there are any sort of dated faucets or fixtures, replace them. It’s often something you can do yourself for well under $100. Cabinets are often a big stumbling block for investors, because many investors want to replace them entirely. Generally, if cabinets are in good condition and you are on a small budget, painting them white first is a good idea. A coat of paint can make a big difference, and once you see what the cabinets look like with a fresh coat of color, you may change your mind about having to replace the entire cabinet system.

 

2) Make smart changes in the bathrooms. When house flipping, make sure that any bathrooms in an investment property are bright and clean. Get in there with a strong cleanser and a toothbrush if you have to. If the bathtub is in poor shape, you can often get it refinished or fitted with a kit rather than replaced entirely. Replacing the toilet seats, vanity, and shower curtain or door is often very expensive, can often be done in an afternoon, and makes a big difference in the bathroom.

 

3) Take another look at the living room. Replacing door handles, doors, light fixtures, and electrical face plates are all low-cost but high value rehabilitations you can do to make over a room. Painting a room is the single best thing you can do completely renovate the living area. A ceiling fan in both the master bedroom and living room is a nice touch, and you can often find one for well under $100.

 

4) Peek under the old carpets. If there is hardwood floor under there, remove all the carpets and restore the floors. Yes, it is a pain and it can cost some money, but being able to advertise hardwood floors is a big selling point when you are house flipping. In many cases, older hardwood floors are quite thick, so you can easily scrape off the top layer of paint and dirt, refinish the floors, and call it a day. In the bathrooms, linoleum or vinyl flooring is easy to clean and looks attractive. For bedrooms that don’t have hardwood flooring, look to factory outlets to find good deals on carpets.

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