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Rehabbing & House Flipping

User Stats

47
Posts
26
Votes
Jason M.
  • Real Estate Investor
  • Minneapolis, MN
26
Votes |
47
Posts

Need advice...Paint golden oak trim white or leave it?

Jason M.
  • Real Estate Investor
  • Minneapolis, MN
Posted Jan 11 2017, 17:01
I'm working on a small town home flip in Cottage Grove, MN. Purchase price $110k, rehab budget $12k, ARV $145-$149. I have been debating what to do with the golden oak trim and cabinets. I was planning to paint everything white but then I had unexpected plumbing and sheet rock repairs that cost $2k. I'm now in a situation where I'm trying to cut costs if possible to maximize profit. The oak trim is not in terrible shape and I can probably fix, replace and repair what's there for about $300 versus $2000 to paint. I installed a laminate floor that I have used in several small flips and it looks great with white trim and gray walls. I'm not thrilled with the way it looks with the oak as the oak looks orange. My question is...in this price point does it really matter or if I spend the money to paint it? would it be worth it? If this was a rental (my plan b) I'd probably just leave it. I've done several similar rehabs that I rented just fine. Looking for someone who rehabs in Minnesota or the twin cities to chime in. My gut was saying to leave it alone but after installing the floor I'm not sure.

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