If there are two areas inside the house you should focus on when you fix and flip properties, they would be the kitchen and the bathroom. They are considered the “treasure chests” of the house. Mess them up and you’re done. The buyer will no longer contact you and you can expect your house to sit on the market for months until it depreciates to the depths of the Marianas Trench. But improve these two areas well and you’re in for some huge profits, really huge profits.
When rehabbing houses, do not be afraid to spend a significant portion of your repair budget on the kitchen. If you’ve noticed it, prospective buyers usually spend a lot of time scrutinizing the kitchen. Sometimes they check it twice or thrice and the negotiation on the price even happens on the kitchen table or island. That’s how significant this little room is to home buyers.
To make sure your kitchen is loved by the home buyer, fix and flip it with new appliances. You don’t need to purchase top-of-the-line machines and cook ware. All you need to do is to include new home appliances and you’re good to go. Also, make sure that you install new countertops, or at least refinish existing ones. Provide sufficient lighting to your buyer will see how “homey” and spacious the kitchen looks. Here’s a tip: if the kitchen lacks a “homey” appeal, just install a ceiling fan and it will do the trick.
Meanwhile, when rehabbing bathrooms, it is crucial that you replace existing ceramic tiles on the wall and floor. The comfort room must literally be comfortable. If you’ll be stepping on an old and seemingly unhygienic floor, you surely won’t feel comfortable, right? The old toilet also has to go, too. Installing a new toilet is not that expensive but it can boost the price of the property significantly. If there are bathrooms that do not have a tub, boost them with a new body barrel. With a new bathtub, you can convert a half bath to a full bath.
When you fix and flip bathrooms, be sure to install new plumbing fixtures like faucets and showerheads. These small pieces are cheap but the luxurious appeal they can bring is simply amazing. Like in the kitchen, you must ensure that the bathrooms also have ample lighting. Push the “luxurious” appeal of the room by installing a huge and well-lit mirror.
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