It seems that every time you turn on any home improvement channel, someone is flipping a house. Individuals across the country are taking on the challenge of flipping, and it can be a pretty profitable endeavor if done correctly.
Are you planning on flipping a house in the Charlotte area? Following are a few simple tips to help get you on the path to success.
Choose the Location Wisely
It doesn’t matter how beautiful you make the house – if it is located in an undesirable area, buyers are going to be turned off. Instead, you should look for the worst houses in the best locations. Details about the house can always be changed, but you can’t change the neighborhood or surroundings. Another tip is to look for houses in neighborhoods that are growing or revitalizing. If you see signs of improvement in an area, it could be a good investment.
Incorporate Classic Details
When flipping a house, it is important to not make any decisions that are too taste specific. While you may absolutely fall in love with a bright red tile for the kitchen backsplash, that decision could deter a lot of buyers. Instead, stick with classic finishes that will appeal to a wide range of buyers. We’re talking about things like neutral walls, subway tile, chrome fixtures, and stainless steel appliances.
Focus on the Kitchen and Bathrooms
Even though kitchens and bathrooms can be expensive to update, these are the spaces that will sell a house. Many homebuyers don’t want to tackle a home renovation, so it is your job to handle all of the dirty work. Choose classic and neutral materials and finishes so that your updates will appeal to homebuyers from all walks of life.
Invest in Professional Staging
While you should try to stick to a pretty tight budget when flipping a house, professional staging is an element that needs to be included in the process. Perfectly placed furniture and accessories can help potential homebuyers envision how they can live in the space. Demonstrating how the house could function for them can help seal the deal.