Contrary to popular belief, "inexpensive bathroom remodel" is not an oxymoron. It's entirely possible to save big when redoing a bathroom, especially when we avoid gutting everything right down to the studs. Instead, make the bathroom look nice by updating without breaking the bank. Nobody needs to know you did a budget bathroom remodel if you pay attention to the key areas below.
Whether you're selling a fix and flip or your primary residence, it pays to know what buyers are looking for before you start that remodel. Are home seekers looking for open concept, energy efficiency, a completely remodeled kitchen, or a nice outdoor living space? See the list below for 10 attractive features not to miss when renovating a property.
Kitchens and bathrooms are two of the first areas noticed by a prospective buyer. Using as many budget kitchen remodel ideas as possible ensures a good ROI (Return on Investment). Many fix and flip contractors will have inexpensive kitchen remodel ideas, but it never hurts to have a few extra suggestions on hand.
Real estate investors who don't proactively build relationships with building contractors can wind up out on a limb when a problem rears its ugly head. We can quickly find ourselves at the mercy of unscrupulous or agenda-driven plumbers, electrical contractors, roofing contractors, or other repair and construction pros. Cultivating these relationships early in a fix-and-flip or rental income business gives us valuable access to a contractor's experience when we need it most. A list of good building contractors provides added safety, and ultimately saves us time and money. Good contractors also come with insurance and provide warranties on work. The key takeaway here is: source them now before you need them to bail you out.
There’s no disputing the value of curb appeal. Various experts estimate a 5% to 20% increase in a property’s value from improving the landscaping alone. So how can we leverage this powerful selling tool? Better still, how can we increase curb appeal on a tight budget? Take a look at the proven tips below.
To save money on electrical fixtures, use the tips below. Buying it yourself, buying quality, buying wholesale, buying locally, and paradoxically buying more expensive wiring are all great ways to save real money on electrical products. See below for a list of tried and tested vendors, too.
When considering a fix and flip or rental renovation, flooring will be one of the most expensive areas for replacement. In times past, many contractors found the cheapest grade carpet or vinyl available to make a ‘quick sale’.
Most rental renovations or fix and flips will include renovating or replacing the roof. Knowing what to look for will help budgeting a project including labor costs. Roof issues must be addressed before a sagging roof or other structural damage destroys the entire building.
The key to making money from flipping houses is to accurately predict how much you’ll spend on rehabbing each property. This allows you to estimate the profit on the projected selling price. However, getting the budget right isn’t easy—especially when you’re new to the business. Here’s how to create an accurate budget for your fix and flip renovation.
Performing plumbing repairs and replacing fixtures can eat up a property owner’s budget overnight. To save money, follow the steps below. The best bet is to find a reliable contractor, then respect his or her time by avoiding wasting it on unskilled tasks. DIY the small stuff, including sourcing the materials. Buying quality supplies, bundling jobs, and finding hidden deals can mean a much more budget friendly remodel or repair.