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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.
In our final part of the selection tips series, we want to focus our attention on lighting. Good lighting can make a difference in the room; no one enjoys struggling to see around the shadows cast by insufficient light or the glare of one placed too low. Here’s what should be on your list of things to look for when selecting your lighting.
There’s no denying the appeal of HGTV’s popular renovation shows such as Fixer Upper, Love It or List It, and Property Brothers. These programs consistently deliver impressive home transformations, turning outdated properties into stylish, modern living spaces—all within the span of a neatly packaged, one-hour episode.
While unexpected challenges and budget concerns occasionally arise, the hosts reliably navigate these obstacles, keeping projects on track and showcasing the kind of resilience and problem-solving that resonates with homeowners and renovation professionals alike.
What was once just space to check your email quickly or jot down your to-do list, the home office is now essential for many who work from home. This shift from the nice bonus feature to the necessary has caused many homeowners to reevaluate their current condition, with many finding it lacking. Productivity and efficiency are linked to a functional space that gives you exactly what you need to get the job done. Here we share some tips on designing the perfect office away from the office.
You have been dreaming of a new kitchen for a while, and now the decision has been made to finally bring it to life. Cabinets, lights, faucets, tile, and flooring are all on your to-do list, but what about the kitchen appliances? Have you thought about whether you want a double oven? Two dishwashers? Maybe you want a wide refrigerator, a separate beverage cooler, or a wine fridge? The choice of kitchen appliance you need depends on what is important to you and what will suit your lifestyle. We will share some of our best tips on which appliances are best for your specific needs.
Greenbrook DesignYou need to understand the difference between style, class, and function. Although a house’s style may become outdated, it does not have to lose its class. Every home can remain functional regardless of its style and age.
An old-style home is one thing, but an obsolete home is an entirely different matter. In this article, we outline simple things you can do to pull your outdated home out of the past and into the modern period. You will be able to restore its appeal without giving up the quiet dignity that’s associated with old homes.
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Greenbrook Design