Understanding What To Keep When Flipping A Home
If you want to flip a home, there is a list of things you’ll need to do before you sell it to somebody. If you think you’ve found the perfect home and you’re ready to start renovating, you might want to take a look around and see if there might be some aspects worth keeping. In order to help you maximize your profit when flipping a home, here are a few things you should leave in place if you find them.
1. Natural Stone
Provided it’s in good condition, natural stone is usually going to raise the value of a home. Whether it’s used for countertops, a fireplace, an accent wall, or some other reason, natural stone holds a wide appeal among the home buying market and you’d be smart to leave it in place if it looks good. Exterior stone veneer siding is the only thing you might want to consider replacing because of the multitude of issues that can arise with it.
2. Concrete Elements
Concrete is another material that can often help entice buyers and net you a higher price on your home. One thing you should do before reselling a home with concrete elements is remove the old concrete sealer and replace it with a new coating. This will give it a much fresher look and help accentuate its beauty. You might also want to experiment with stained concrete, in the garage, for example. Stained concrete floors are really popular right now and it could be a sharp move to include them in your home before you try to flip it.
3. Rustic Wood Flooring
If you happen to stumble upon some rustic wood flooring in your home, don’t tear it up and replace it. This kind of flooring is really in style at the moment and will definitely help you sell for a higher price. Buyers are loving the natural, cozy feel of rustic wood and the kitchen is one of the best spots to put it. This is because kitchen and bathroom upgrades net the highest gains, on average.
Not Everything Has to Go
When selling a home, most of your work is going to be in remodeling it to sell it for a higher price. Not everything has to be remodeled, though. While some stuff like outdated bathroom tiling should be the first to go, other existing features like rustic wood flooring, natural stone, and certain concrete elements could actually help you sell for a higher price because of how popular they are right now. Performing a preliminary house inspection is key to knowing what and where to begin remodeling.
Checking if the home was built with metal studs, inspecting the HVAC ductwork and plumbing, and checking the wiring to make sure it’s good are all common steps you should take before planning your remodel. But, the most important lesson to take away here is that you shouldn’t fix what isn’t broken. Doing so could end up cutting into your profit.
Brian Jeffries is the content director for the Innovative Building Materials blog and a content writer for the building materials industry. He is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that save money, improve energy efficiency, and increase property value.
