How To's

Getting the Most out of Flips and Renovations

By June 1, 2020 No Comments
Getting the Most out of Flips and Renovations

Where should you invest money if you are selling or flipping a home? Maybe you just want to update your home, but want to increase its value. Rooted and Co. is here to help you get the most out of your flips and renovations, and will help answer some of your questions and give you ideas for moving forward.

Today we bring you a 2-part series by Andrew Kent and Shante Johnson. In Episode 1, Andrew Kent walks you through a house that needs updating, and give you his ideas on where we would invest his money for flips and renovations.

In Episode 2, Shante Johnson walks you through a home that has undergone a major renovation. She discusses the different choices you’d consider if you were renovating the space in which you plan to live, versus flipping a home you intend to sell.

EPISODE 1

Andrew Kent’s ideas for a home that needs updating in order to help you get the most out of your flips and renovations.

Garage: Enclose the carport and create a 2-car garage. A lot of people won’t even look at a house unless it has a 2-car garage.

Fence: Adding a nice, horizontal slat fence adds privacy and a nice clean look.

Yard: Clean the yard of any outdated structures and clean up any overgrown shrubbery. Create a nice, clean space.

Driveway:  Sometimes you can simply repair instead of replacing the entire thing.

Brick homes: Regarding brick homes, specifically old brick homes that are a color that is outdated, Andrew offers two rules of thumb.

If you are planning on flipping the home, paint the brick.

If you aren’t sure you’re selling, or if you know you’ll be staying for a while, wait and simply give the brick a good cleaning and spray on a clear stain instead.

Interior: Before anything else, look for ways to open up the space in your home by removing walls. We have contacts who can help and let you know what is structurally possible with your home.

Kitchens & Bathrooms: Year after year, consumer reports say that kitchens and bathroom updates get the most return on your investment.

Asses the condition of the cabinets, countertops, and floors in these areas. If cabinets are in good condition, paint them and update the hardware. Replace countertops and flooring.

Backyard: Especially if you have a good view, incorporate a deck or a concrete patio in the backyard so that people can envision themselves spending time back there.

EPISODE 2

Shante Johnson talking about the different ways to approach renovations where you plan to stay, versus flipping. Her ideas should help you get the most out of your flips and renovations.

Opening Space: Remove walls in order to open up space. Where stairs are present, add a nice railing if you are flipping the home. If you are planning to live in the home, relocate the stairs in order to fully utilize the open space.

Kitchen: Update cabinets with smooth finished cabinets or other inexpensive options.

Countertops: Quartz countertops are an easy, beautiful update. If you’re staying planning on living in the home, add a waterfall feature to the countertop. If you’re flipping the home, simply replace the top piece.

Flooring: Laminate flooring is durable, waterproof, and affordable. Another more affordable option is luxury vinyl tile.

Bathroom: In this video, the bathtub was relocated in order to gain space in the master bedroom. If you’re living in the home, a statement piece where the sink goes is a really beautiful addition. If you’re flipping the home, make the vanity all one piece with some storage underneath.

Outdoors: Add outdoor living space in the backyard. Clean up the grass, add a fence, and create a space with a patio or deck where you would want to spend time.

Remember, we are here to help you renovate or flip your home. We can visit your home so we can really understand your space and help you get the most out of your flips and renovations.

No matter what price point you find yourself, Rooted & Co. has the right strategy for you and can help you buy or sell a home during these uncertain times. Contact us today to discuss your options.

Contact Rooted & Co today. Find Answers, Develop Connections, Grow Wealth. To learn more about us, click here. Follow us on Instagram here.

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