Saving Money or Cutting Corners: Flipping A House

[Braden Downs]

When it comes to rehabbing, what are ways they save money? The reasoning behind this being you want to make a nice profit and sell a reputable home. Or, on the buyers side, you don't want to get screwed. I'm thinking along the terms of: using less thick countertops, using smaller trim in the bedrooms, not painting the garage, cheaper cabinets, less thick carpet, lower end vanity's, etc? I'm curious where people make/don't make cuts?

[J Scott]

The rehab decisions you make should be in line with the ARV you are expecting. If you can hit your ARV using thinner countertops, go for it. If not, don't skimp on countertops (or decide that you're willing to accept a lower ARV). There's no free lunch with rehabbing -- you can choose any finishes, design decisions or level of quality you want, but the ARV will reflect those decisions.

As for where to cut?  Cut you purchase price.