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Updated over 1 year ago,
What are the best things to address with a $50k budget for a flip?
I am considering doing a flip for a house that is in a $500k ARV neighborhood. Most of the work I've done has been on higher end properties, so I am trying to get some idea of what would be the most impactful and profitable things to do on lower end homes. Obviously a full kitchen remodel doesn't make sense at this budget, but the house needs quite a lot:
- New roof
- New windows
- New bathrooms (currently it's set up as a 3/1, but I think adding a second bathroom would be a big add)
- Flooring is okay, but the tile is dated
- New front door?
- Landscaping?
I bet someone here has built a guide for where to spend money on different classes/brackets of homes. Can someone point me to a data-backed guide like that?