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Updated about 5 years ago on . Most recent reply

User Stats

58
Posts
12
Votes
Nick Scapellati
Pro Member
  • Lender
  • St Augustine, FL
12
Votes |
58
Posts

Best way to spend a small renovation budget for the biggest ROI

Nick Scapellati
Pro Member
  • Lender
  • St Augustine, FL
Posted

My wife and I have bought a home to flip and the renovation budget is small and we are wondering how it would be best spent.  The  home needs updates in the kitchen, baths, flooring and though it is a 4/2 there is no true master suite.  Needing advise as to how spend 10-12 thousand on this home.

  • Nick Scapellati
  • Most Popular Reply

    User Stats

    22
    Posts
    31
    Votes
    Allie Dickson
    • Realtor
    • Ashland, OR (97520)
    31
    Votes |
    22
    Posts
    Allie Dickson
    • Realtor
    • Ashland, OR (97520)
    Replied

    Congratulations on your purchase, Nick! 

    Paint is your friend. Interior paint will do wonders for your place and is the cheapest upgrade you can make. If you need to replace flooring there is some really nice looking linoleum made these days that really looks like wood. Are the existing cabinets in decent shape? If so you could paint them or refinish them. If there's room in the budget you could change the countertops to a nice granite. Think light neutral colors and tones that would appeal to a wide range of buyers. 

    I hope this was helpful. Best of luck with your project. :D

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