House flipping in today’s hot real estate market provides everyday investors with big returns. When remodeling for resale–maximize your ROI (return on investment) by staying on-trend without being too trendy. Most investors love to save money on materials while still staying on-trend with a modern design that impresses buyers. The kitchen is one of the most important areas of the home. Choosing custom kitchen cabinetry brings the ‘wow’ factor that impresses buyers. According to a recent article by CNBC, flipping a home is more competitive because of the high demand for starter homes and the low inventory in many housing markets. When you visit a local home improvement store to order materials, you might be forced to wait longer than you anticipated for your order to come in. By ordering from Edgewood Cabinetry, the process is easier and quicker, plus you save money. Also, you can find amazing all wood cabinets in beautiful styles and colors such as modern gray for a modern home or royal cherry for a traditional house.
Finding ways to save
In addition to ordering custom cabinetry, you can also save money on countertops, flooring, lighting and accessories. Talk to family and friends who would be willing to work out a barter system so you can get the help you need to fix up a property in less time.
Coordinating your design
Saving money on countertops and flooring is all about coordinating the colors and design patterns. Talk to kitchen design professionals about the latest trends in terms of materials, textures and patterns. Most homebuyers and renters want their home to reflect their modern tastes and sense of style.
Knowing your buyer
Another tip for making the most money off of your fix-and-flip is to know your buyer. Experts say your fix-and-flip will likely be bought by an investor who plans to rent out the home for a monthly profit. Buying inexpensive cabinets and countertops will help your profit margins and won’t deter an investor. As part of your kitchen renovation, make sure the appliances are in working order. Most investors appreciate new appliances that are reliable as well as a washer and dryer for tenants. In other cases, your potential buyer could be a young family looking for a starter home or a retiree.
At Edgewood Cabinetry, we are glad to show you ideas for your investment home. For more tips on remodeling the kitchen of your investment property, please contact us.
