SMART – INNOVATIVE – SOLUTIONS
3 things to consider when flipping a house
Flipping houses has become a popular option with many buyers today; HGTV has jumped on this bandwagon, too, by airing multiple shows such as Fixer Upper and Fixer to Fabulous.
If this is not your forever home but just a place you want to flip or only stay a few years, this has an impact on your design choices and budget. Let’s discuss what things should be considered, included, or excluded in your flip.
Budget
This is an essential factor since it will affect your profit margin. It is recommended that you plan on setting aside 15 to 20% of the house’s sale value. While you should always create a space that appeals to a potential buyer, it does not mean you have to break the bank. Here are a few things you can do to cut down on costs.
- Planning: While this seems like house flipping 101, many people plunge headfirst into a renovation without thinking through the entire process. Write down the areas you believe need improvement and make a renovation plan.
- Prioritize: Not every area of the home needs to be improved or renovated. The most important areas are usually the kitchen and bathroom, which should be the main focus of your renovation.
- Product: If you know certain items will be needed, like appliances or flooring, take the time to shop around for the best deals. You don’t have to purchase top-of-the-line appliances or flooring.
Budget is important to us, which is why we make it a priority to discuss it in our initial consultation meeting. We know your expectations and can adjust our design to accommodate them. Let us know your plan and vision for the new space so we can prepare. Get a few more tips from Dave Ramsey here.
Design Choices
We know that presentation is everything when selling a home, but that does not mean you must have the most expensive products to create a beautiful space. When planning to flip a property, knowing what will give you the most value for your money and creating a design that will still wow potential buyers is essential. Also, be sure to pick colors and styles that will be well-received by most of your market.
- Kitchen: This is a key area of any home and should be a top priority. Cabinets are the biggest factor in this space, so it is essential to choose a style that has the broadest appeal to buyers, such as traditional, and a color that has proven to be timeless, such as whites and grays.
- Bathroom: Again, we emphasize neutral color palettes and more popular design styles. Avoid trends and bold patterns and colors. These are great for those who want to make it their forever home, but not as an investment. Do some research on options that are considered popular by a majority of homeowners.
We provide three semi-custom cabinet lines that allow you to create a beautiful space that will not disappoint buyers but will not break your budget. Our experienced designers are also aware of design styles and choices that are well-liked by a broad audience and will be sure to attract the most buyers.
To include or not
Because it is not your forever home, knowing what to include in the flip and what is not necessary can be difficult. We have a list of essentials that will increase the value of your home.
- Storage is our number one suggestion because it immediately shows potential homeowners that this space is functional. Including things such as additional shelving, enough cabinet space for storing essential items, plenty of drawers, and closet space ensures that your property will stand out.
- Light: Plan for natural light. This is becoming an increasingly important priority in the home, so make sure there are sufficient windows.
- Home office: This is no longer a nice bonus but is becoming a standard in most home designs. Including it will grab buyers’ attention immediately.
- Multi-functional: Buyers love spaces that serve multiple needs, such as a kitchen island that doubles as a dining table or a laundry/mudroom combination. This allows them to get the maximum use out of a space.
Here are a few things not necessary to include when flipping a property
- Super custom: think universal, what is something that will be helpful to most homeowners. A mudroom is a great option, but a gun rack is not so much.
- Extras: there is no need to include a double oven or two laundry rooms.
The goal of flipping a home is to increase its value by paying attention to the key areas and making them desirable to buyers. We have worked with several clients who saw their renovation as an investment and helped them achieve the most for their budget. Here is some more helpful information about flipping a house.
If you’ve ever watched a home renovation show or scrolled Pinterest for inspiration, you’ve probably thought, “I could do that myself.” DIY kitchen and bathroom remodels can seem appealing, especially when you’re trying to save money.
If you’re craving a home that feels fresh, calm, and elevated, without looking stark or trendy, warm neutrals are having a major moment. One shade we’re loving for kitchens, baths, and whole-home design is Sherwin-Williams Color of the Year: Universal Khaki, a grounded neutral that brings soft warmth, subtle depth, and timeless character to cabinetry and interiors.
There are many elements that help assemble the perfect design for your space, such as color, texture, and pattern, but one, in particular, plays a key role in making a statement: the focal point. Without a focal point, a room can feel busy or even boring, as it lacks something that immediately draws the eye. This is one of the reasons it is essential to include a focal point in the design; however, given its critical role, sufficient thought should be given to placing it in the optimal location. How do you design the perfect focal point that stands out without overpowering everything else? How do you best use focal points in a room or design with it in mind? Let’s explore the answers to getting the most out of your focal point.
In today’s fast-paced world, there’s something special about slowing down and appreciating the timeless things—old roads, old friends, old traditions—that still hold so much value. Here in our little corner of North Carolina, Uptown Shelby continues to embrace those small-town treasures.
Greenbrook Design You’ve decided it’s time to renovate your kitchen. A space where memories are made over meals, conversations flow, and life unfolds. This exciting journey includes a variety of decisions, such as selecting the right cabinet color, choosing a countertop material, picking out hardware, backsplash, and lighting. But the most important factor that influences all of these choices? Budget.
Walker Woodworking
Greenbrook Design