Flipping houses can be a pretty profitable activity, but only when you play your cards right. You need to choose the right kind of home to fix up. You might have bought a family’s old house for a bargain, but it won’t be worth it if the repairs end up costing more than the house. You also need to pick the right improvements to attract buyers and sell the homes for a good profit. Here are some helpful suggestions:
Refurbished Exterior
Improvements that enhance what’s called “curb appeal” often help with attracting possible buyers since they’re easily seen. Not to mention that they’re usually not as costly as kitchen or bathroom renovations. For example, the house you’re going to sell has a great front porch that needs fixing. You just need to consider the insulated patio roofing cost as well as expenses for refinishing and replacing the wood, upgrading the lights, and putting a few plants.
Landscaping
Speaking of curb appeal, one of the bigger improvements with the most impact on potential buyers is landscaping. Pretty much anyone who has been in a house knows the value of a well-kept lawn. It looks good and raises the value of your home. And who would not appreciate the fact that you have nature surrounding your house, especially when you also have a garden and a backyard? Aside from beauty that you can admire, you also get fresher air, possibly shade, and maybe even food.
Functional Repairs
Of course, your potential buyers need to see that the essentials are there in the house and are running properly. Running water and working lights are a few of these that you need to make sure of before you go and sell it. Get an inspection done on the house and start doing the repairs that restore the must-have functions in it. What’s great about these kinds of improvements is that they are relatively cheap, so they’re sure to keep your profits high even if you do not raise the house price as much.
System Upgrades
We are all about becoming energy efficient nowadays, so you might want to invest in some eco-friendly home upgrades. For example, you can replace the light bulbs with LEDs and the existing HVAC with a newer model that has programmable thermostats. This home improvement move works exceptionally well when you have to make repairs for certain parts of the house anyway, as you’re hitting two birds with one stone. You don’t only fix a problem and bring it back to normal, but you enhance the condition as well.
In the end, even with mostly minor improvements, you can attract more potential buyers to the homes you’re selling. What matters is the kind of changes that you’re implementing. As a seller, the most important thing is providing what buyers are looking for. In this case, it’s the improvements that get their attention and matter the most. If you feel unsure, you can seek the help of an expert.
