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Updated over 10 years ago on . Most recent reply

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Edward Rife
  • Galatia, IL
6
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First flip hopefully

Edward Rife
  • Galatia, IL
Posted
I'm hopefully getting ready to do my first flip with an arv of 65k what kinda splash items do u suggest. My budget 15k it's a 2/1 and maybe 800-1000 sq ft

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

It depends on who your buyers are.  For some demographic of buyers/houses, making everything new (even if low end) is enough of a wow factor.  The first 50+ houses I flipped I didn't do anything other than ensure that everything was new, and buyers were fighting over the product.

Then, when I moved up to higher-end properties (and no-longer first-time homebuyers), the necessity for more unique features was required.  We've done everything from built-in large-screen TVs to shower systems to upgraded appliances to throwing in the staging furniture.  

You need to figure out who your buyers will be and cater to THEM specifically.  If it's likely to be singles, you might want to focus on "guy stuff."  If it's likely to be couples, focus on "girl stuff."  If it's likely to be families, focus on family-friendly stuff.

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