2 MORE Renovation Mistakes That Can Devalue Your Flip
Delivering quality homes that have mass appeal can yield solid profits for a house flipper. If you’re not mindful, though, certain changes during your renovation could be a turnoff for potential buyers and lessen the value of your flip. Here are two mistakes to avoid.
Sacrificing Function for Space
A spacious bedroom with a tiny closet does not a happy homebuyer make. So although you may want to expand the footprint of your master suite, or any bedroom in your flip to make it more spacious, resist the temptation to steal footage from closets–not unless you’re able to regain it in some other way.
While your main bedroom may have an expanded footprint, if potential buyers see that your reduced closet size simply can’t accommodate their items they may not be able to imagine themselves living in your flip. So having ample closet space can be of utmost importance to the success of your flip.
The same goes for kitchen pantries. A tiny pantry as the result of space taken for a bigger kitchen could handicap your property.
Replacing a Tub With a Shower in the Only Bathroom in the House
Think long and hard before you remove a bathtub from a bathroom in your flip, and even longer if it’s the only bathroom in the entire house.
A home without a bathtub is a risky move that could be a turnoff for potential buyers, especially ones with small children, because many parents like to bathe their kids in a tub instead of a shower. Also, lots of buyers enjoy soaking in a bathtub.
If you were to swap out a tub for a shower in a second or third bathroom, that’s a different story. As long as your flip has at least one bathtub, changing from a tub to a shower elsewhere in the house shouldn’t negatively impact your home’s resale value, according to the National Association of Realtors.