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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.
Walker WoodworkingThere is more to color than simply a large selection of hues. Color sends a message and can represent thought and emotion, especially in the world of design. Each year, Pantone announces its choice for the color of the year, a tradition that started in 1999, and designers everywhere eagerly await the news. Classic Blue was this year’s choice of color, a color that represents the future.
As we prepare to close the door on one decade and begin anew, many are filled with anticipation of what the coming year will bring. Blue has always been associated with stability, relaxation, and tranquility, as is seen in nature with the ocean and sky. We understand that hectic schedules and stressful office days generate a need for a place to unwind and completely relax. Here are a few ways to incorporate the color of the year into your home and give it that welcoming environment that will last throughout the coming decade and beyond.
Walker WoodworkingLight is one of nature’s most captivating elements, and its presence has the power to transform a space. In the world of interior design, natural light plays a vital role—not only by enhancing aesthetics but also by elevating the overall atmosphere of a room. It can create dramatic contrasts that bring depth and interest to a space, while also highlighting architectural and design features.
Natural light, when thoughtfully incorporated, makes interiors feel larger, warmer, and more welcoming. At Greenbrook Design, we embrace a design approach known as daylighting—the intentional use of natural light to shape how a space looks and feels throughout the day. It’s one of our favorite tools in the design process.
Here are just a few reasons why we love incorporating natural light into our projects…
Walker WoodworkingRugs have long been a staple in interior design, often described as the “shoes” of a room—they complete the look. Whether subtly complementing a color palette or boldly standing out as a statement piece, rugs add warmth, texture, and personality to any space. A well-chosen rug can effortlessly transform the entire feel of a room.
However, traditional rugs come with their share of drawbacks. From frequent deep cleaning (which often means renting equipment and moving heavy furniture) to concerns about allergies and curled edges that pose tripping hazards, maintaining a rug can be more work than many homeowners anticipate.
That’s why we’re excited to introduce an elegant, low-maintenance alternative: Vintage Vinyl floor cloths.
In today’s tech-savvy world, it’s easy to find decorating tips and budget advice with just a few clicks. Popular shows on networks like HGTV make home remodeling look fast and effortless—transforming entire kitchens or bathrooms in under an hour. While these shows are inspiring, what often goes unseen is the extensive planning and detail required behind the scenes to bring those transformations to life.
At the heart of nearly every successful project is one key factor: staying on budget.
Window treatments not only provide shade and privacy, but they also allow the homeowner to show their personality. No person is the same, and neither should their window treatments. They are meant to be a reflection of you and your style. Whether you prefer a more contemporary or traditional style, solar or soft roman shades, wood or pleated, Graber’s vast array of colors, options, and designs will surely suit anyone’s taste. Learn more about Graber on our product page or come visit us in our showroom located in Shelby, NC, and ask to see our Graber display. We would love to help you add the finishing touches to that space where nature and home meet.
Walker Woodworking
Greenbrook Design