Affordable Renovationsfor the savvy investor

Jason Cohen

House flipping requires

strategy.Savvy investors know that slapping on a fresh coat of paint and changing a few doorknobs

won't bring about a significant return on their investment. The success of a project depends

on its ability to stay within a budget; thus, a few carefully chosen renovations can net a larger

return than haphazard repairs ever could. Aspiring house-flippers should consider

undertaking these worthwhile and inexpensive updates when they purchase a property!

Install new

carpet.

Stained wall-to-wall carpeting is an instant

deterrent for buyers. Throw it out! The

flooring below may surprise you;

oftentimes, ugly carpets conceal beautiful

floors that only need a little wax and polish

to shine. If the floor underneath the old

covering is unattractive, investors should

consider purchasing and installing a new

carpet. Either way, buyers will appreciate

the clean, fresh appearance imparted by

the touched-up flooring.

Replace

Bathroom Odds

and Ends.

Investors don’t need to gut an older

bathroom to make it shine. Grouting

and caulking, while time-consuming, is

an excellent way to return a grungy

bathroom to its previously fresh

aesthetic. Additionally, minor pieces

such as sink faucets, towel bars, vanity

surfaces, and medicine cabinets can be

replaced at relatively low cost and up

the attractiveness of the space.

Paint the

walls.

Never underestimate the value of a good

paint job. A new coat can do wonders for

an older space by imparting a sense of

freshness to spaces that appear dated or

run-down.

When painting, investors should opt for a

neutral color palette in order to avoid

turning away picky buyers.

Consider your

landscape.

A buyer makes their first conclusions

about a property before they ever step

foot through the front door. All the time

and money an investor spends on a

property’s interior may amount to

nothing if the shingles on its exterior are

shedding or the grass in unkempt. Mind

the landscaping! A quick mow of the

yard and a bit of garden work doesn’t

require much time or money and makes

a tremendous difference to buyers.

Mind the

budget.

In the end, budget takes precedence.

While a house flipper may want to

completely renovate the kitchen or replace

the plumbing in the bathroom, such pricey

changes might not always be feasible.

Investors should consider repairing rather

than replacing, and ditch non-essential

renovations if they find themselves

spending more money than they

anticipated.

THANK YOU!For more real estate investment advice, visit Jason Cohen's site at:

JasonCohenPittsburgh.com