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Updated over 9 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Jordan Richardson
  • Greenwood, IN
1
Votes |
9
Posts

First flip opinions needed!

Jordan Richardson
  • Greenwood, IN
Posted

Hi all,

I finally pulled the trigger and purchased a property at auction! The finally cost after auctioneer fees and closing was $63,800. All new HVAC and roof. The repairs seem to be mostly cosmetic and I would like to stay under 75k. I need opinions on a few repairs:

1. The hardwood floors appear to be salvageable, but if not would you recommend a nice laminate throughout the home? Or laminate in living room/bedrooms and tile in bath/kitchen? 

2. Exterior needs painted and the landscaping has grown out of hand. Should I consider pulling out shrubs surrounding house and put mulch or rock down and plant new plants? Or should I just trim shrubs to save on cost and deal with the less appealing look? Any paint scheme suggestions?

3. The basement is the best part of the home but half is carpet half is concrete. Should I go with a stained concrete or pull up current carpet and relay new carpet? 

 Any suggestions would be appreciated 

Most Popular Reply

User Stats

489
Posts
300
Votes
Nicole Pettis
  • Flipper/Rehabber
  • St. Louis, Mo
300
Votes |
489
Posts
Nicole Pettis
  • Flipper/Rehabber
  • St. Louis, Mo
Replied

@Jordan Richardson Congrats on your first flip! That is exciting!!

I would keep the original hardwood and refinish if at all possible, you can even repair bad spots. Original hardwood is a big selling feature, so try to keep it.

For the exterior:

I would get rid of the awnings, they definitely date the house. Then I would trim the bushes, clean up the beds, add mulch and some flowers for color. Then for exterior colors...I pulled some options for you below. I stayed with classic colors that will give the house a modern look and will go well with the colors that you have outside( the bushes and brick). I would definitely change the door color, it will brighten up the house.

However before you commit to any color, I would get samples and paint small sections on the house and go from there. The last thing you want to do is buy a bunch of paint that you don't like. 

For the basement I would do luxury vinyl tile that replicate wood floors. In my opinion its best for basements, easy to lay and they have great color options, they are soft on the feet and not cold and hard like concrete or tile. Also if the basement floods or anything happens they are easy to replace.

Again congrats!!

Nicole

P.S The last swatch I pulled, I just like the Suede and Brass

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