How to Renovate a House: Tips for First-Time Flippers
If you’re looking for a way to invest your money and make a great profit, there’s no better way than real estate.
Reports show that real estate is one of the most popular ways to invest your money. Of those real estate investing methods, house flipping is perfect for people who want to get their hands dirty. However, you may also get third parties to do the dirty work for you.
If you want to get into house flipping, you need to know how to renovate a house. Below are several renovation tips that will help you get a return on your money.
Remove Personal Touches
Unless you bought your property from another flipper, the chances are that there are a few personal touches on your investment home. These are home renovations that reflect the style of the person who lived there before. Unfortunately, this can cause problems when flipping a house.
Look for these personal touches and make them neutral. You want to present a home that appeals to almost all prospective homebuyers. Using shades of white for walls is the perfect strategy for brightening rooms, and it allows homebuyers to visualize their furnishings in the property. Remember, while you still own the property, you want to depersonalize it, so your future homebuyer considers it their home!
Invest in Landscaping
First impressions can make or break a sale. If you have a boring front yard that doesn’t excite home buyers, it’s going to harm your chances of making a sale.
Invest in a few flowers and add them to the front yard. You don’t have to go overboard and decorate the front and back yard. Your goal is to provide a better experience for people as they approach the front door.
Rip Up Old Floors
Would you buy a home that had stained, old floors if you were buying your next forever home? Most people won’t.
Investing in new flooring can upgrade the value of a home. Find any flooring that has any signs of wear. Invest in new carpet or hardwood floors to give those rooms a new life.
Brighten Your Rooms
Natural light in every room is not always enough. The positioning of your property may prevent light into some rooms, particularly during the winter months. Use led lights for energy efficiency and modern shades as a feature.
When changing your lighting, try not to buy anything too eccentric. Look for light fixtures and lamps that appeal to the largest variety of people. Try to cover every corner of the room, so every room appears bright.
Upgrade the Bathroom
It’s hard to find reliable buyers if you don’t provide them with a bathroom that’s updated with the latest amenities. If your bathroom has outdated counters, fixtures, and cabinets, it can kill your deal before it starts.
Remodeling a bathroom can also give you a chance to look for any mold that’s hiding because of the extra moisture. Learn about the common types of mold so you can spot them and fix the problem for your buyer.
How to Renovate a House: Now You Know Enough to Get Started
Renovation for beginners isn’t something to take lightly. If you don’t understand how to renovate a house, it’s going to be difficult for you to sell the homes you buy. Follow the renovation tips above to make sure your flip is ready for buyers.
If you want more in-depth guides for renovating your new buy, read more of our blog. Our home improvement section will show you how to make the most of your renovations including fencing. Did you know fences make good neighbors?