{"id":6654,"date":"2017-08-10T15:15:46","date_gmt":"2017-08-10T22:15:46","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=6654"},"modified":"2017-08-07T08:37:34","modified_gmt":"2017-08-07T15:37:34","slug":"how-to-increase-real-estate-value-with-cost-effective-strategies","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/08\/how-to-increase-real-estate-value-with-cost-effective-strategies\/","title":{"rendered":"How to Increase Real Estate Value with Cost-Effective Strategies"},"content":{"rendered":"<p style=\"text-align: justify;\">When house flippers buy a property to renovate and resell, they\u2019re looking to spend the least amount of money. They want to increase the value without spending thousands of dollars needlessly. That doesn\u2019t mean there should be shoddy workmanship or construction flaws though. Flippers have to balance providing a good home with keeping their costs down to a minimum.<\/p>\n<p style=\"text-align: justify;\"><strong>Budgeting and Planning<\/strong><\/p>\n<p style=\"text-align: justify;\">Assess the Rooms<br \/>\nNot every room in the home needs to be torn down and remodeled. In many rooms, all you have to do is some vigorous cleaning and painting. The carpets can be steam cleaned. In rooms with original hardwood, you can rent a sanding machine and restain the wood instead of buying hardwood throughout the home.<\/p>\n<p style=\"text-align: justify;\">Cosmetic Fixes<br \/>\nProfessional house flippers won\u2019t upgrade the heating and cooling system of the home unless there\u2019s a major issue with it. They\u2019ll perform cosmetic fixes that will give the home a polished, fresh look before turning around and reselling it. Unless it\u2019s a home purchased for an extremely low cost, most don\u2019t need major fixes.<\/p>\n<p style=\"text-align: justify;\">Consistent Colors and Finishes<br \/>\nIf you plan on flipping properties on a full-time basis, you can purchase items in bulk for more than one project. Many professional flippers will use one color palette on all their homes. They\u2019ll stick to the same finishes and cabinet pulls because they know it works together. This reduces the need to pore over the design plan on each project.<\/p>\n<p style=\"text-align: justify;\"><strong>Save on Construction Supplies<\/strong><\/p>\n<p style=\"text-align: justify;\">Buy Off-the-Shelf<br \/>\nHome improvement stores will have off-the-shelf items that can be used for many homes. You might have to customize cabinets to fit into the kitchen layout, but that\u2019s much cheaper than purchasing a custom set. Other items can be purchased from bargain stores too. You might have to shop around and think outside the box when it comes to the renovation supplies. That\u2019s often the essence of what the property flipper does all day long.<\/p>\n<p style=\"text-align: justify;\">Paint Selection<br \/>\nYou\u2019re not purchasing paint that you would want in your own home, so your personal opinion won\u2019t matter. In the paint section of the local home improvement store, there will be a few gallons of paint that turned out to be the wrong color. It\u2019s a gallon of paint that the customer didn\u2019t want. It might have been the wrong color shade or the wrong finish. You can have them replicate the paint color quite easily. If there are a few shades of paint that are close, you can purchase these cheap gallons and mix them together.<\/p>\n<p style=\"text-align: justify;\"><strong>Landscaping and Outdoor Spaces<\/strong><\/p>\n<p style=\"text-align: justify;\">Curb Appeal<br \/>\nThe curb appeal of the home should be one of the last things to tackle, but it\u2019s one of the most vital to selling the home. Adding seating to the entryway can make the home welcoming and inviting. Trimming the trees and adding a few inexpensive plants can change the entire look of the home.<\/p>\n<p style=\"text-align: justify;\">Outdoor Seating<br \/>\nMany home buyers are looking for outdoor spaces where they can relax. It becomes an extension of the living space of the home. You can add functional square footage to the home just by adding some seating outside during staging.<\/p>\n<p style=\"text-align: justify;\"><strong>Don\u2019t Over Improve<\/strong><\/p>\n<p style=\"text-align: justify;\">Check the Market<br \/>\nIt\u2019s important that you don\u2019t over-improve the home past what you can get during the selling phase. Rules of Renovation says that it should be based on your budget too. If the neighborhood has homes worth $200,000, you shouldn\u2019t renovate with expensive appliances and finishes. You won\u2019t get a return on the money you spend since you\u2019d need to sell the home for much more than the common prices in the area.<\/p>\n<p style=\"text-align: justify;\">Planning and budgeting for your house flip is one of the most vital parts of the process. It\u2019ll save you money and ensure that you\u2019re using the best strategies possible with your flipping budget.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/house-flippers-how-to-increase-real-estate-value-with-cost-effective-strategies\/98743475\/\" target=\"_blank\" rel=\"noopener\">House Flippers &#8211; How to Increase Real Estate Value with Cost-Effective Strategies<\/a> by Lizzie Weakley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When house flippers buy a property to renovate and resell, they\u2019re looking to spend the least amount of money. They want to increase the value without spending thousands of dollars &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/08\/how-to-increase-real-estate-value-with-cost-effective-strategies\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-6654","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Increase Real Estate Value with Cost-Effective Strategies &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.roryc.ca\/blog\/2017\/08\/how-to-increase-real-estate-value-with-cost-effective-strategies\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How to Increase Real Estate Value with Cost-Effective Strategies &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"When house flippers buy a property to renovate and resell, they\u2019re looking to spend the least amount of money. 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