So I know the most profitable and obvious things to fix that buyers like is the kitchen and bathroom but have you guys found that fixing other key parts of the house adds more value then the bathroom or the kitchen? When you're buying and flipping or buying distressed properties!
It's really not that simple. You need to look at your competition to see what other options your customers (your end-buyers) have -- then you have to ensure that your product is a little bit better for the price point. That may mean fixing the kitchen and bathrooms; but it may mean adding another bathroom, or adding a garage or finishing a basement or adding central HVAC or creating a nice outdoor space or replacing all the siding/windows or whatever...
Every flip is unique and there is no simple formula (like "focus on kitchens and baths") that will make you successful.
Btw, the "kitchen and baths" thing is good advice for retail sellers who are looking to fix up their house and have limited funds/knowledge to do so -- those are generally reasonable areas to focus on, but certainly not the end-all-be-all for most flips.
Thank you for the input, i am just trying to really think of other things to look at when I am flipping and but I understand now that it is important to really understand your neighborhood and market rather then fixing one thing!
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