Flipping for Profit: The Ultimate ROI Renovation Secrets
Member since 2024 · 30 posts · 9 votes
Flipping for Profit: The Ultimate ROI Renovation Secrets
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Lender · Orlando, FL · Member since 2023 · 220 posts · 183 votes
2yHey Willis,
In my experience, kitchen renovations tend to bring the highest ROI in fix-and-flip projects. A modern, updated kitchen is a major selling point for buyers and can significantly increase the property's value. Focus on upgrading countertops, cabinets, and appliances. Even relatively modest investments in these areas can yield impressive returns. Plus, a well-designed kitchen can make a lasting first impression, helping the property stand out in a competitive market.
The bathroom remodel often comes in as the second-highest ROI renovation in fix-and-flip projects. Upgrading fixtures, adding modern tile, and improving lighting can make a big impact. Buyers appreciate a fresh, updated bathroom, and it's a relatively cost-effective way to add value to the property. A clean, well-designed bathroom can also enhance the overall appeal of the home, making it more attractive to potential buyers.
The curb appeal improvements typically rank third in terms of ROI for fix-and-flip projects. Enhancing the exterior with fresh paint, landscaping, new siding, or an upgraded front door can create a strong first impression. Since curb appeal is the first thing potential buyers notice, these relatively low-cost improvements can significantly boost a property's perceived value and attract more interest, leading to a quicker sale at a higher price.
The flooring upgrade often comes in fourth for ROI in fix-and-flip projects. Replacing old or worn-out flooring with modern, durable options like hardwood, laminate, or high-quality tile can make a big difference. Buyers tend to appreciate clean, cohesive flooring throughout the home, which can enhance the overall aesthetic and make the space feel more luxurious and well-maintained. This upgrade is especially impactful in high-traffic areas like living rooms and kitchens.
The open-concept layout renovation usually ranks fifth in terms of ROI. Removing non-load-bearing walls to create a more open and spacious floor plan can significantly enhance the appeal of a property. Open layouts are highly desirable because they improve the flow of the home and make it feel larger and more modern. This type of renovation can be relatively cost-effective, especially if it doesn't involve major structural changes, and it often resonates well with buyers looking for contemporary living spaces.
Best Regards,
39 Replies
Quote from @Willis Yoder:
What's the one renovation you've found to bring the highest ROI in your fix-and-flip projects?
Kitchen, baths, roof windows,
- Investor · israel · Member since 2023 · 13 posts · 19 votes2y
transforming a room into master bedroom , utilize basement space to add sqft , fixtures , open space concept ( tare down drywalls to make open space - kitchen - living room - dining room
- Lender · Orlando, FL · Member since 2023 · 220 posts · 183 votes2y
Hey Willis,
In my experience, kitchen renovations tend to bring the highest ROI in fix-and-flip projects. A modern, updated kitchen is a major selling point for buyers and can significantly increase the property's value. Focus on upgrading countertops, cabinets, and appliances. Even relatively modest investments in these areas can yield impressive returns. Plus, a well-designed kitchen can make a lasting first impression, helping the property stand out in a competitive market.
The bathroom remodel often comes in as the second-highest ROI renovation in fix-and-flip projects. Upgrading fixtures, adding modern tile, and improving lighting can make a big impact. Buyers appreciate a fresh, updated bathroom, and it's a relatively cost-effective way to add value to the property. A clean, well-designed bathroom can also enhance the overall appeal of the home, making it more attractive to potential buyers.
The curb appeal improvements typically rank third in terms of ROI for fix-and-flip projects. Enhancing the exterior with fresh paint, landscaping, new siding, or an upgraded front door can create a strong first impression. Since curb appeal is the first thing potential buyers notice, these relatively low-cost improvements can significantly boost a property's perceived value and attract more interest, leading to a quicker sale at a higher price.
The flooring upgrade often comes in fourth for ROI in fix-and-flip projects. Replacing old or worn-out flooring with modern, durable options like hardwood, laminate, or high-quality tile can make a big difference. Buyers tend to appreciate clean, cohesive flooring throughout the home, which can enhance the overall aesthetic and make the space feel more luxurious and well-maintained. This upgrade is especially impactful in high-traffic areas like living rooms and kitchens.
The open-concept layout renovation usually ranks fifth in terms of ROI. Removing non-load-bearing walls to create a more open and spacious floor plan can significantly enhance the appeal of a property. Open layouts are highly desirable because they improve the flow of the home and make it feel larger and more modern. This type of renovation can be relatively cost-effective, especially if it doesn't involve major structural changes, and it often resonates well with buyers looking for contemporary living spaces.
Best Regards,
- Member since 2024 · 30 posts · 9 votes2y
Quote from @Gaya Ben Simon:
transforming a room into master bedroom , utilize basement space to add sqft , fixtures , open space concept ( tare down drywalls to make open space - kitchen - living room - dining room
That sounds like a fantastic transformation! I'm always looking for ideas on how to balance functionality with aesthetics in open spaces but I'm curious,how did you decide on the design flow between the kitchen, living room, and dining area? Did you run into any unexpected challenges with the layout or structural elements? - Member since 2024 · 30 posts · 9 votes2y
Quote from @Travis Main:
Hey Willis,
In my experience, kitchen renovations tend to bring the highest ROI in fix-and-flip projects. A modern, updated kitchen is a major selling point for buyers and can significantly increase the property's value. Focus on upgrading countertops, cabinets, and appliances. Even relatively modest investments in these areas can yield impressive returns. Plus, a well-designed kitchen can make a lasting first impression, helping the property stand out in a competitive market.
The bathroom remodel often comes in as the second-highest ROI renovation in fix-and-flip projects. Upgrading fixtures, adding modern tile, and improving lighting can make a big impact. Buyers appreciate a fresh, updated bathroom, and it's a relatively cost-effective way to add value to the property. A clean, well-designed bathroom can also enhance the overall appeal of the home, making it more attractive to potential buyers.
The curb appeal improvements typically rank third in terms of ROI for fix-and-flip projects. Enhancing the exterior with fresh paint, landscaping, new siding, or an upgraded front door can create a strong first impression. Since curb appeal is the first thing potential buyers notice, these relatively low-cost improvements can significantly boost a property's perceived value and attract more interest, leading to a quicker sale at a higher price.
The flooring upgrade often comes in fourth for ROI in fix-and-flip projects. Replacing old or worn-out flooring with modern, durable options like hardwood, laminate, or high-quality tile can make a big difference. Buyers tend to appreciate clean, cohesive flooring throughout the home, which can enhance the overall aesthetic and make the space feel more luxurious and well-maintained. This upgrade is especially impactful in high-traffic areas like living rooms and kitchens.
The open-concept layout renovation usually ranks fifth in terms of ROI. Removing non-load-bearing walls to create a more open and spacious floor plan can significantly enhance the appeal of a property. Open layouts are highly desirable because they improve the flow of the home and make it feel larger and more modern. This type of renovation can be relatively cost-effective, especially if it doesn't involve major structural changes, and it often resonates well with buyers looking for contemporary living spaces.
Best Regards,
I agree that kitchen renovations can make a huge impact, with the right updates to countertops and cabinets. But it was such a comprehensive breakdown of ROI for different renovations. I'm in awe! Anyhow, I'm curious if you have found certain materials or styles that tend to resonate better with buyers in specific markets, like more modern finishes versus traditional ones. Also, do you think buyers in your area prefer a completely open floor plan, or is there still a demand for some separation between spaces?
- Virtual Assistant · Philippines · Member since 2024 · 10 posts · 4 votes2y
A well-designed and updated kitchen. It’s often the heart of the home, where people spend a lot of time. Features like stylish countertops, and ample storage make a big difference in both functionality and visual appeal.
- Member since 2024 · 30 posts · 9 votes2y
Quote from @Dina Nicasio:
A well-designed and updated kitchen. It’s often the heart of the home, where people spend a lot of time. Features like stylish countertops, and ample storage make a big difference in both functionality and visual appeal.
Absolutely, the kitchen truly is the heart of the home! I'm curious, when you're updating a kitchen, are there specific features or materials you find make the biggest impact on both functionality and aesthetics? Any go-to design elements that consistently resonate with buyers or renters? - Member since 2024 · 30 posts · 9 votes2y
Quote from @Kevin Fox:
Does anyone have any actual data on this? How do you know which is most profitable etc?
Great question! Although I don’t have hard data on hand, but for me profitability can really depend on the specific market and property type. For example, in some areas, certain upgrades or property types tend to yield a higher return on investment based on buyer demand. Do you have any particular markets or property types you’re focusing on? I'd be interested to compare experiences and see what others have found in terms of profitability. - Real Estate Agent · OH · Member since 2022 · 76 posts · 25 votes2y
Relating to renting, when renters compliment a unit they almost always mention the kitchen. A beautiful spacious kitchen can make or break a rental. You can keep it simple and just do a modern kitchen, but I've found if you can add one thing that makes the kitchen "Pop" it will rent much better. Example: A backsplash that is a different color from rest of the kitchen (a warm green or red against white and grey walls), a tile that has a unique look or pattern to it, crown molding on cabinets, or a unique light fixture.
- Member since 2024 · 84 posts · 48 votes2y
From our experience, when flipping properties the most efficient ways to spend your money are the following:
Focus on kitchens and bathrooms, as these areas consistently provide the most value for your investment. A midrange kitchen remodel has a 96% ROI, costing an average of $27,492 and adding $26,406 above your cost in value.
You could also go for slightly larger rehabs, such as adding a bathroom or a bedroom. For example, adding a bathroom can increase your home's value by 10-20%, depending on the quality and type of bathroom. A full bathroom addition can potentially boost value by up to 20%, while a half bath might add around 10.5%. The cost of adding a bathroom typically ranges from $25k to $60k for a full bath, or $6k to $12kfor a half bath. However, you can expect to recover about 50-55% of your investment when selling the home.
Improve curb appeal, clean up the exterior, add landscaping, and make minor improvements to enhance the property's first impression. Landscaping has the largest ROI (of about 200%), adding a wood deck or a patio will also provide a big increase in value (100% ROI).
Add living space, consider converting attic space, finishing a basement, or repurposing a large living area to add a bedroom without expanding the home's footprint - this will give you an average ROI of around 75%. If you're going for a larger rehab, adding an ADU or doing an enlargement also provides a good return, although it is smaller than what we've seen before, around 50% ROI.
We're a private lender. If you have any more questions or are looking for funding please feel free to reach out to us.Regards,
Jackson
Quote from @Willis Yoder:
What's the one renovation you've found to bring the highest ROI in your fix-and-flip projects?
Its specific to the property and neighborhood. Adding sq ft, blowing out walls, second story, coffered ceilings are few aside from the obvious kitchen and baths.
- Member since 2024 · 30 posts · 9 votes2y
Quote from @Alan F.:
Quote from @Willis Yoder:
What's the one renovation you've found to bring the highest ROI in your fix-and-flip projects?
Its specific to the property and neighborhood. Adding sq ft, blowing out walls, second story, coffered ceilings are few aside from the obvious kitchen and baths.
Those upgrades can transform a space and add significant value! Have you found certain renovations that give you the best return on investment in specific neighborhoods? I'm always curious about which improvements resonate most with buyers in different markets - Member since 2024 · 30 posts · 9 votes2y
Quote from @David Spurlock:
Relating to renting, when renters compliment a unit they almost always mention the kitchen. A beautiful spacious kitchen can make or break a rental. You can keep it simple and just do a modern kitchen, but I've found if you can add one thing that makes the kitchen "Pop" it will rent much better. Example: A backsplash that is a different color from rest of the kitchen (a warm green or red against white and grey walls), a tile that has a unique look or pattern to it, crown molding on cabinets, or a unique light fixture.
Agree! Kitchens are a focal point for renters, and little touches make a difference. It's amazing how a unique backsplash or a standout light fixture can elevate the entire space and make it feel more inviting. Have you noticed any particular design elements or color schemes that have been especially popular with renters lately? I'm always looking for fresh ideas to make kitchens stand out!
- Member since 2024 · 30 posts · 9 votes2y
Quote from @Jackson Ebersole:
From our experience, when flipping properties the most efficient ways to spend your money are the following:
Focus on kitchens and bathrooms, as these areas consistently provide the most value for your investment. A midrange kitchen remodel has a 96% ROI, costing an average of $27,492 and adding $26,406 above your cost in value.
You could also go for slightly larger rehabs, such as adding a bathroom or a bedroom. For example, adding a bathroom can increase your home's value by 10-20%, depending on the quality and type of bathroom. A full bathroom addition can potentially boost value by up to 20%, while a half bath might add around 10.5%. The cost of adding a bathroom typically ranges from $25k to $60k for a full bath, or $6k to $12kfor a half bath. However, you can expect to recover about 50-55% of your investment when selling the home.
Improve curb appeal, clean up the exterior, add landscaping, and make minor improvements to enhance the property's first impression. Landscaping has the largest ROI (of about 200%), adding a wood deck or a patio will also provide a big increase in value (100% ROI).
Add living space, consider converting attic space, finishing a basement, or repurposing a large living area to add a bedroom without expanding the home's footprint - this will give you an average ROI of around 75%. If you're going for a larger rehab, adding an ADU or doing an enlargement also provides a good return, although it is smaller than what we've seen before, around 50% ROI.
We're a private lender. If you have any more questions or are looking for funding please feel free to reach out to us.Regards,
Jackson
Great insights—thanks for sharing those numbers! It's interesting how kitchens and bathrooms consistently top the list for ROI, and I can see why focusing on those areas makes a big difference. I'm also intrigued by the potential of adding living space through attic conversions or finishing basements—those tend to be great value-adds without having to expand the home's footprint.
I'm curious, though—do you find that the ROI varies significantly between markets or property types? I'm primarily working on fix and flips around South Bend and Elkhart, and I'm always looking to fine-tune where to best allocate funds. Would love to hear your thoughts on how these strategies might apply to properties in those areas!
Quote from @Willis Yoder:
Quote from @Alan F.:
Quote from @Willis Yoder:
What's the one renovation you've found to bring the highest ROI in your fix-and-flip projects?
Its specific to the property and neighborhood. Adding sq ft, blowing out walls, second story, coffered ceilings are few aside from the obvious kitchen and baths.
Those upgrades can transform a space and add significant value! Have you found certain renovations that give you the best return on investment in specific neighborhoods? I'm always curious about which improvements resonate most with buyers in different marketsFor me its always been specific to property and neighborhood
- Real Estate Agent · OH · Member since 2022 · 76 posts · 25 votes2y
Quote from @Willis Yoder:
Quote from @David Spurlock:
Relating to renting, when renters compliment a unit they almost always mention the kitchen. A beautiful spacious kitchen can make or break a rental. You can keep it simple and just do a modern kitchen, but I've found if you can add one thing that makes the kitchen "Pop" it will rent much better. Example: A backsplash that is a different color from rest of the kitchen (a warm green or red against white and grey walls), a tile that has a unique look or pattern to it, crown molding on cabinets, or a unique light fixture.
Agree! Kitchens are a focal point for renters, and little touches make a difference. It's amazing how a unique backsplash or a standout light fixture can elevate the entire space and make it feel more inviting. Have you noticed any particular design elements or color schemes that have been especially popular with renters lately? I'm always looking for fresh ideas to make kitchens stand out!
Here is one that has been noted by tenants the most @Willis Yoder. Still relatively simple
- Member since 2024 · 84 posts · 48 votes2y
Hi Willis,
ROI can definitely vary between markets, even within the same region. South Bend and Elkhart may have different buyer demographics, price points, and demand drivers.
The median list prices are under $160,000 in South Bend, targeting lower-priced properties allows for better profit margins. Look for homes priced below market that need mostly cosmetic updates.
Different property types (single-family homes, multi-family, condos) can yield varying ROIs. In South Bend and Elkhart, single-family homes seem to offer better ROI due to demand from both homeowners and investors.
Kitchen rehabs tend to provide the most ROI in all markets. In the Midwest, finishing basements or adding outdoor living spaces can be particularly valuable. Local buyers are seeking modern finishes like LVP flooring, granite countertops, and stainless appliances.
South Bend's economy is influenced by Notre Dame University, while Elkhart is known for RV manufacturing. Target renovations that appeal to the local workforce and lifestyle. In college towns like South Bend, features that appeal to potential landlords (like extra bedrooms or separate entrances) will boost ROI.
In colder climates like Indiana, spring and early summer are often the best selling seasons. Plan your renovation timeline to list properties during peak buying months - also take into consideration that snow and rain will affect your rehab.
Another way that you will want to take climate into account is that given the cold winters, energy-efficient improvements like insulation and modern HVAC systems can be attractive to buyers. These upgrades can help differentiate your property in the market.
Let me know if you want to connect! Regards,
Jackson
- Member since 2024 · 84 posts · 48 votes2y
Quote from @Willis Yoder:
Quote from @Jackson Ebersole:
From our experience, when flipping properties the most efficient ways to spend your money are the following:
Focus on kitchens and bathrooms, as these areas consistently provide the most value for your investment. A midrange kitchen remodel has a 96% ROI, costing an average of $27,492 and adding $26,406 above your cost in value.
You could also go for slightly larger rehabs, such as adding a bathroom or a bedroom. For example, adding a bathroom can increase your home's value by 10-20%, depending on the quality and type of bathroom. A full bathroom addition can potentially boost value by up to 20%, while a half bath might add around 10.5%. The cost of adding a bathroom typically ranges from $25k to $60k for a full bath, or $6k to $12kfor a half bath. However, you can expect to recover about 50-55% of your investment when selling the home.
Improve curb appeal, clean up the exterior, add landscaping, and make minor improvements to enhance the property's first impression. Landscaping has the largest ROI (of about 200%), adding a wood deck or a patio will also provide a big increase in value (100% ROI).
Add living space, consider converting attic space, finishing a basement, or repurposing a large living area to add a bedroom without expanding the home's footprint - this will give you an average ROI of around 75%. If you're going for a larger rehab, adding an ADU or doing an enlargement also provides a good return, although it is smaller than what we've seen before, around 50% ROI.
We're a private lender. If you have any more questions or are looking for funding please feel free to reach out to us.Regards,
Jackson
Great insights—thanks for sharing those numbers! It's interesting how kitchens and bathrooms consistently top the list for ROI, and I can see why focusing on those areas makes a big difference. I'm also intrigued by the potential of adding living space through attic conversions or finishing basements—those tend to be great value-adds without having to expand the home's footprint.
I'm curious, though—do you find that the ROI varies significantly between markets or property types? I'm primarily working on fix and flips around South Bend and Elkhart, and I'm always looking to fine-tune where to best allocate funds. Would love to hear your thoughts on how these strategies might apply to properties in those areas!
Hi Willis,
ROI can definitely vary between markets, even within the same region. South Bend and Elkhart may have different buyer demographics, price points, and demand drivers.
The median list prices are under $160,000 in South Bend, targeting lower-priced properties allows for better profit margins. Look for homes priced below market that need mostly cosmetic updates.
Different property types (single-family homes, multi-family, condos) can yield varying ROIs. In South Bend and Elkhart, single-family homes seem to offer better ROI due to demand from both homeowners and investors.
Kitchen rehabs tend to provide the most ROI in all markets. In the Midwest, finishing basements or adding outdoor living spaces can be particularly valuable. Local buyers are seeking modern finishes like LVP flooring, granite countertops, and stainless appliances.
South Bend's economy is influenced by Notre Dame University, while Elkhart is known for RV manufacturing. Target renovations that appeal to the local workforce and lifestyle. In college towns like South Bend, features that appeal to potential landlords (like extra bedrooms or separate entrances) will boost ROI.
In colder climates like Indiana, spring and early summer are often the best selling seasons. Plan your renovation timeline to list properties during peak buying months - also take into consideration that snow and rain will affect your rehab.
Another way that you will want to take climate into account is that given the cold winters, energy-efficient improvements like insulation and modern HVAC systems can be attractive to buyers. These upgrades can help differentiate your property in the market.
Let me know if you want to connect! Regards,
Jackson
I find the highest return on investment is to add a bathroom or partial bathroom in a high cost market.
I completed a rehab in May in an area that is ~$2k/psf. Wife wanted to add a micro bathroom. Statistically a half bathroom is worth around $50k in this market. I do not think ours that took space away from other use added quite $50k, but you get the idea.In general rehabs have best return in highest cost areas. Replacing a kitchen in an area that is $200/psf will not achieve the return of replacing a kitchen in an area that is $2k/psf, but the cost of replacing the kitchen will be similar.
Good luck
- Raleigh, NC · Member since 2021 · 7 posts · 1 vote2y
Quote from @Travis Main:
Hey Willis,
In my experience, kitchen renovations tend to bring the highest ROI in fix-and-flip projects. A modern, updated kitchen is a major selling point for buyers and can significantly increase the property's value. Focus on upgrading countertops, cabinets, and appliances. Even relatively modest investments in these areas can yield impressive returns. Plus, a well-designed kitchen can make a lasting first impression, helping the property stand out in a competitive market.
The bathroom remodel often comes in as the second-highest ROI renovation in fix-and-flip projects. Upgrading fixtures, adding modern tile, and improving lighting can make a big impact. Buyers appreciate a fresh, updated bathroom, and it's a relatively cost-effective way to add value to the property. A clean, well-designed bathroom can also enhance the overall appeal of the home, making it more attractive to potential buyers.
The curb appeal improvements typically rank third in terms of ROI for fix-and-flip projects. Enhancing the exterior with fresh paint, landscaping, new siding, or an upgraded front door can create a strong first impression. Since curb appeal is the first thing potential buyers notice, these relatively low-cost improvements can significantly boost a property's perceived value and attract more interest, leading to a quicker sale at a higher price.
The flooring upgrade often comes in fourth for ROI in fix-and-flip projects. Replacing old or worn-out flooring with modern, durable options like hardwood, laminate, or high-quality tile can make a big difference. Buyers tend to appreciate clean, cohesive flooring throughout the home, which can enhance the overall aesthetic and make the space feel more luxurious and well-maintained. This upgrade is especially impactful in high-traffic areas like living rooms and kitchens.
The open-concept layout renovation usually ranks fifth in terms of ROI. Removing non-load-bearing walls to create a more open and spacious floor plan can significantly enhance the appeal of a property. Open layouts are highly desirable because they improve the flow of the home and make it feel larger and more modern. This type of renovation can be relatively cost-effective, especially if it doesn't involve major structural changes, and it often resonates well with buyers looking for contemporary living spaces.
Best Regards,
Incredibly helpful as I am
Going through a draft scope of work right now
- Cincinnati, OH · Member since 2020 · 4k+ posts · 3k+ votes2y
@Willis Yoder, I don't like this question because it operates in a vacuum.
Not only is the demands of each buyer going to vary by market and submarket, but also asset by asset.
My favorite example of this was an old season of Flip or Flip, where they bought a house in LA county, versus their standard stomping grounds of Orange County. Suburbia, typically, values space. Urban areas, typically, value design.
But more so, in any flip, it is the entirety of the experience. Whether you are going barebones or luxury, the property needs cohesion. The landscaping can't be immaculate while the roof is still 20 yrs old. The kitchen can't be fully upgrade with a nasty original bathroom. The walls can't be cracking and 1990's beige when you installed brand new hardwoods throughout.
And, while new cabinets and counters and appliances are nice, if they are not well laid out, or you jam an island into a space that does not allow for stools to be pushed out, or the oven door to open because it hits a cabinet pull, that new kitchen is meaningless.
While all of this may seem obvious, I have personally encountered all of it in flips in my market, so clearly not every flipper thinks about something as basic as "can my refrigerator door open all the way?".
- 2yRob BeemanPro MemberSpecialist · Philadelphia, PA · Member since 2010 · 301 posts · 118 votes
When I was flipping I noticed that the attraction was broken out in two categories:
The woman wanted to see improvements in the kitchen, baths & closets
The man wanted to see that it had a nice basement, garage & yard
The woman's desires seemed to add greater value than those on the man's list....and the woman's list always took precedence if the budget couldn't handle all of them.
- Member since 2024 · 30 posts · 9 votes2yI appreciate your detailed perspective—it really highlights how every market and property has its unique demands. I completely agree that a flip needs to have a cohesive and well-thought-out design, where every element works together to create a seamless experience. It's all about balance and attention to detail, from the big-ticket items like kitchens and bathrooms to the smaller aspects like layout and functionality.
Quote from @Evan Polaski:
@Willis Yoder, I don't like this question because it operates in a vacuum.
Not only is the demands of each buyer going to vary by market and submarket, but also asset by asset.
My favorite example of this was an old season of Flip or Flip, where they bought a house in LA county, versus their standard stomping grounds of Orange County. Suburbia, typically, values space. Urban areas, typically, value design.
But more so, in any flip, it is the entirety of the experience. Whether you are going barebones or luxury, the property needs cohesion. The landscaping can't be immaculate while the roof is still 20 yrs old. The kitchen can't be fully upgrade with a nasty original bathroom. The walls can't be cracking and 1990's beige when you installed brand new hardwoods throughout.
And, while new cabinets and counters and appliances are nice, if they are not well laid out, or you jam an island into a space that does not allow for stools to be pushed out, or the oven door to open because it hits a cabinet pull, that new kitchen is meaningless.
While all of this may seem obvious, I have personally encountered all of it in flips in my market, so clearly not every flipper thinks about something as basic as "can my refrigerator door open all the way?".
Your example from "Flip or Flop" is spot on—what works in one market doesn't necessarily translate to another, and understanding those nuances is key. It's always surprising to see flips where basic functionality is overlooked, like a poorly placed island or a door that doesn’t fully open. Those details can make or break the appeal of a property.
How do you approach these challenges in your market? Do you have any go-to strategies for ensuring everything comes together?
- Member since 2024 · 30 posts · 9 votes2y
Quote from @Rob Beeman:
When I was flipping I noticed that the attraction was broken out in two categories:
The woman wanted to see improvements in the kitchen, baths & closets
The man wanted to see that it had a nice basement, garage & yard
The woman's desires seemed to add greater value than those on the man's list....and the woman's list always took precedence if the budget couldn't handle all of them.
That's an interesting observation, and it definitely aligns with what I've seen in the market. It’s fascinating how the priorities often break down along those lines. Kitchens, baths, and closets are definitely high-impact areas that can sway a buyer’s decision, especially if budget constraints mean you can’t do it all.
It’s always a balancing act, isn't it? Focusing on the areas that add the most value while also considering the broader appeal. How did you typically approach these decisions when the budget was tight? Did you find that certain improvements consistently offered the best return on investment?
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