Investor · San Diego, CA · Member since 2017 · 29 posts · 16 votes
I am in the process of getting bids for my first BRRR in Indianapolis. I am looking for suggestions on interior paint color and flooring. Also I have heard good things about lvp as being a lower cost alternative to hardwood flooring. Has anyone had any issues with lvp in their rentals?
Hey @Rowena A., I'd go with a nice light gray color with lighter Luxury Vinyl Planking. LVP is the way to go, it lasts much longer and looks much nicer.
@Rowena Agustin as a local flooring guy, the best advice I can give you is that once you purchase your new investment begin with the end in mind. If you are first going to rent it out then vinyl plank is going to be a good option for you. Mind, that if you decide to flip it the vinyl plank floors may hold down the value. They are good for renting but in SOME markets in Indianapolis like Carmel they may hurt your ARV.
As far as colors for paint, check comps around your property to see what is popular.
Best I can do with info provided. Let me know if you have further questions. :)
@Joshua Howaniec Thanks for the response. This will be my first flip. The area is south of Bates Hendricks so not a high end property. I found a realtor to help me determine what finishes to use to help get me to the price point I am looking for.