Steer Clear Of These Three Home Repairs On Your Next Fix And Flip

So you’ve crossed all your t’s and dotted your i’s, and are ready to begin your next flip.

Congratulations!

If you are like most flippers, your time and resources are precious so you want to deploy them where you will get the most bang for your buck. That means taking a cold, hard look at what repairs need to be done to get the house on the market, and fast.

Ensuring the house is structurally sound with working appliances and reasonable curb appeal is a good place to start. But are there certain improvements that you may be considering which, statistically, won’t pay off in the end? As a matter of fact, there are a few…

High End Upgrades

You may assume that your prospective buyer will want the best of everything. But consider your competition. Do other homes in the area offer luxury appliances and expensive finishes? The last thing you want to do is price yourself out of the market.

BIgger Rooms, Less Storage

Before you start demolishing walls, put down the sledgehammer and consider the overall flow of the house. Buyers love an open floor plan but not at the expense of ample closet space. So, if expanding that living room or kitchen means eliminating a closet or two, think twice. Buyers often place a premium on storage space and will notice if it is missing.

Too Much Carpet

We know what you’re thinking. You can’t go wrong with plush pile carpeting, right? Not always. Many buyers today prefer low maintenance hardwood flooring to carpet. In fact, to many, carpet means trapped allergens and the tendency to look dingy over time. The longevity of hardwood floors is something prospective home buyers value.

Having trouble deciding where to focus your repair budget on your next project? Navigator Private Capital can help. Let us put our years of experience to work for you. Reach out to us today at [email protected] or 443.603.0193 to find out more about all of our innovative fix and flip financing options.