Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply
Best way to spend a small renovation budget for the biggest ROI
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.
Most Popular Reply
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