Flipping your first house may feel exciting, as you’re likely eager to get your hands dirty and transform a tired space to maximize its value. However, if you have never flipped a property before, you might overlook important features that could impact the home’s resale value.
As your goal is to turn a fixer-upper into a person’s dream home, you must ensure it gives potential buyers the best possible start. To receive a great return on investment (ROI), here are the five elements you shouldn’t ignore when flipping houses.
- High-Quality Windows
While you might have browsed the market for the ugliest house on the street to make a profit, the average property buyer will not consider making an offer on a home that doesn’t have high-quality windows.
If the existing windows appear tired or broken, or allow draughts to flow through the property, you must replace them to maximize your ROI. It is a feature buyers will not ignore when viewing the home.
Boost the property’s value, comfort, and curb appeal with Aladdin replacement windows, which are available in various shapes, sizes, and materials to complement various exterior and interior designs.
- A Kitchen Makeover
Most prospective buyers will be eager to visit the kitchen during a house viewing, and you must try your best to impress. Your first instinct might be to remove the entire kitchen and replace it with a new one, but this can be costly and reduce your ROI.
Before gutting the kitchen, review its cabinetry and appliances to identify what needs to be replaced. If the cabinets appear strong and well-maintained, you may only need to repaint or alter the doors to breathe new life into the interior.
It is also wise to consider replacing a countertop with a mid-range option that offers a high-end aesthetic, such as a composite or quartz countertop. They are cheap alternatives to marble and are likely to stand the test of time.
Don’t forget to replace the hardware with more contemporary options, if necessary, such as a brushed-brass faucet or matte-black or gold cabinet handles.
- High-Quality, Uniform Flooring
Don’t make the mistake of keeping or installing mismatched flooring throughout the home, such as tiles in the kitchen and bathroom, hardwood flooring in the hallway, and carpet in the living room.
Instead, install the same flooring across each level, such as luxury vinyl plank in every room. It is an affordable, durable flooring option with a luxurious aesthetic that will improve flow and help your budget go further during the flipping process.
- A Bathroom Refresh
Help buyers fall in love with the property further by refreshing the bathroom. Your goal should be to create a spa-like aesthetic that makes people dream of pampering themselves in the space.
For instance, large tiles will elevate the interior while making it appear clean and hygienic. You could even add a touch of luxury with a double-sink vanity, a free-standing bath, or a rain shower head.
- The Curb Appeal
Last but not least is the property’s curb appeal, which may determine how many house viewings you achieve and offers you receive. If the exterior appears unloved and neglected, a buyer might consider other homes across the neighborhood or make an offer below the asking price.
Give the exterior some much-needed TLC to boost the property’s resale value, which will provide more money for your next property project.
For instance, you might need to:
- Power wash the siding, driveway, and paving.
- Trim bushes and trees.
- Replace the exterior doors.
- Add colorful flowerpots.
- Take greater care of the lawn.
- Remove weeds and trash.
A few days of hard work could transform the exterior design and convince many house hunters to view the property and make you an offer.
