There are many things to consider when flipping a house. But if you want to make the most money possible, it’s important to focus on the essential upgrades. Here are seven of the most important.
7 Essential Upgrades You Should Make When You Flip a House
Check out these seven important upgrades you should consider making when you flip a house:
- Paint the walls a neutral color
- Install new flooring throughout the house
- Update the kitchen cabinets and countertops
- Replace the bathroom fixtures and tiles
- Add a new coat of paint to the exterior of the house
- Landscape the yard
- Put up a new mailbox
Here’s a closer look at each.
Flip Tip #1: Paint the Walls a Neutral Color
One of the first things potential buyers will notice when they walk into the house is the paint color. If it’s too bold or dated, it could turn them off right away. That’s why it’s important to choose a neutral color that will appeal to a wide range of people.
Related: 5 hidden costs of being a landlord
Flip Tip #2: Install New Flooring Throughout the House
Another way to make a good first impression is with new flooring. If your house has old, worn-out carpet or dated tile, it will definitely date the property. Instead, opt for new flooring throughout the house. This is a relatively easy and inexpensive upgrade that can really pay off.
Flip Tip #3: Update the Kitchen Cabinets and Countertops
The kitchen is one of the most important rooms in the house, so it’s important to make sure it looks its best. One way to do this is by updating the cabinets and countertops. This is a relatively easy and inexpensive update that can really transform the look of the kitchen.
Related: Should you buy a fixer-upper and turn it into a short-term rental?
Flip Tip #4: Replace the Bathroom Fixtures and Tiles
Another important room in the house is the bathroom. If your bathroom fixtures and tiles are old and outdated, it’s time for an update. This is a relatively easy and inexpensive upgrade that can really improve the look of the bathroom.
Flip Tip #5: Add a New Coat of Paint to the Exterior of the House
The exterior of the house is the first thing potential buyers will see, so it’s important to make a good impression. One way to do this is by adding a new coat of paint to the exterior of the house. This is a relatively easy and inexpensive upgrade that can really improve the curb appeal of the property.
Flip Tip #6: Landscape the Yard
Another way to improve the curb appeal of your property is by landscaping the yard. This is a relatively easy and inexpensive upgrade that can really make a difference. In fact, you may even be able to DIY it. (And if you can’t, consider asking your hard money lender or real estate agent for a local recommendation to someone who can.)
Related: 5 great books for new real estate investors
Flip Tip #7: Put Up a New Mailbox
One final way to improve the curb appeal of your property is by putting up a new mailbox. This is a relatively easy and inexpensive upgrade that can really make a difference.
There you have it – seven essential upgrades you should make when you flip a house. If you focus on these upgrades, you’ll most likely be able to sell your house faster and for more money.
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