Bare minimum work with max roi?

[Justin Atkinson]

I am getting ready to start my first fix and flip. I have a decent background of remodeling and I have a problem with perfectionism. I take great pride in my work so I want it to be top quality. This somewhat goes against the fix and flip mentality from what I can tell. Not that the work I would do would be poor quality, but it's obvious doing the minimum possible while maximizing profit is the strategy.

I realize each home is different, but I'm hoping to get some objective advice on the optimal fixes to make the most profit. The property is only $110,000 and my budget is about $7K. I know I need to paint the whole thing and put some nice floor coverings, I also need new countertops and appliances in the kitchen.

The only way I can describe the property is "frankenstein". It's in decent shape, but every room is painted different, different doors, different fixtures, even different outlet faceplates. It like the last 4 homeowners each took a room and did each entirely different.

My temptation is to make the home flow better by making all the fixtures, faceplates, paint, doors and door hardware the same. I also want to go for soffit and fascia on the outside. I'm hoping some of the more experienced rehabbers could offer some advice. I'm afraid my perfectionism could make my first experience a bad one.

Thanks,
Justin