Best way to spend a small renovation budget for the biggest ROI

Best way to spend a small renovation budget for the biggest ROI

Nick ScapellatiPro Member
Lender · St Augustine, FL · Member since 2019 · 58 posts · 12 votes

My wife and I have bought a home to flip and the renovation budget is small and we are wondering how it would be best spent.  The  home needs updates in the kitchen, baths, flooring and though it is a 4/2 there is no true master suite.  Needing advise as to how spend 10-12 thousand on this home.

0Reply
53 views

Most Popular Reply

Realtor · Ashland, OR (97520) · Member since 2019 · 22 posts · 31 votes
6y

Congratulations on your purchase, Nick! 

Paint is your friend. Interior paint will do wonders for your place and is the cheapest upgrade you can make. If you need to replace flooring there is some really nice looking linoleum made these days that really looks like wood. Are the existing cabinets in decent shape? If so you could paint them or refinish them. If there's room in the budget you could change the countertops to a nice granite. Think light neutral colors and tones that would appeal to a wide range of buyers. 

I hope this was helpful. Best of luck with your project. :D

See this reply in the discussion

6 Replies

Jump to latestLatest
  • Realtor · Ashland, OR (97520) · Member since 2019 · 22 posts · 31 votes
    6y

    Congratulations on your purchase, Nick! 

    Paint is your friend. Interior paint will do wonders for your place and is the cheapest upgrade you can make. If you need to replace flooring there is some really nice looking linoleum made these days that really looks like wood. Are the existing cabinets in decent shape? If so you could paint them or refinish them. If there's room in the budget you could change the countertops to a nice granite. Think light neutral colors and tones that would appeal to a wide range of buyers. 

    I hope this was helpful. Best of luck with your project. :D

  • Real Estate Consultant · Lansing, MI · Member since 2011 · 356 posts · 306 votes
    6y

    Kitchens and bathrooms can be done very nicely on a modest budget.  Id be happy to suggest if you want to post some pics...

  • Nick ScapellatiPro Member
    OP
    Lender · St Augustine, FL · Member since 2019 · 58 posts · 12 votes
    6y

    @Allie Dickson thanks for the advise. We haven’t closed yet but should start reno in a few weeks.

  • Nick ScapellatiPro Member
    OP
    Lender · St Augustine, FL · Member since 2019 · 58 posts · 12 votes
    6y

    @Patrick Snyder when we start I will post a few pictures. Thanks

  • Karen MargraveBusiness Member
    Moderator
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    6y

    @Nick Scapellati if you can post the floorplan, we may be able to help figure out a master suite.

  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    6y

    @Nick Scapellati  Check out your local Habitat for Humanity Restore as they often have items you can buy for a really good price.  I bought subway tiles along with a few glass ones.  I used the more expensive glass tiles as an accent strip in the subway tiles for a huge kitchen counter that needed a back splash.  Get creative.  As others said if the cupboards are in good shape, a coat of paint and new hardware can do wonders, just make sure you use paint that works on cupboards.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.