Budget-Friendly Tips for Flipping Houses

July 31, 2020 2 min read

Tips for Flipping Houses: Budget-Friendly Ways to Profitably Flip Homes

For most house flippers, the primary goal is to quickly get in and out of a flip with minimal expense and maximum profit. Easier said than done, though, right? Well, here are some solid low-budget strategies to get the most out of your next flip.

Get Fresh

Fresh paint can be a game changer -- it makes any home feel cleaner, newer, and more move-in ready. We recommend you stick to neutral paint colors and repaint as much of your property as you can afford to. Oh, and don’t neglect your trim! This may take a weekend or two depending on the size of the house. If you're feeling overwhelmed (or just tired of painting), hosting a painting party with your friends and paying them in dinner and drinks can be a fun and functional social activity. 

Curb Appeal

When it comes to getting people into your property for showings, curb appeal is the easiest way to attract attention. Some low-budget boosts to curb appeal include fresh paint for your front door and shutters, trimming the bushes, spreading fresh mulch with crisp edges, and planting colorful flowers. Even if you don’t have a green thumb, there are countless internet resources to guide you step-by-step through the basics of landscaping. Alternatively, you could visit a local nursery to ask for guidance on low-cost strategies to boost curb appeal. 

Neutral Staging

You definitely want your space to offer design inspiration for homebuyers. Therefore, staging a space with decor that’s trendy yet neutral is generally a better move than leaving the rooms empty. Keep it budget-friendly by borrowing houseplants, furniture, and artwork from friends. If you know you’ll be flipping more houses in the future, consider investing in your own collection of staging furniture and accessories that you can reuse in future flips. 

Flawless Floors

If you’ve got unsightly hard surface flooring or hopelessly stained carpets, installing new carpet is a fast and affordable way to entice buyers and freshen up your space. Of the available flooring options on the market, new carpet is often the least expensive, yet it packs the same visual punch as other more expensive flooring types.New carpets are attractive to homebuyers looking to start fresh in their new space.

For enterprising investors using house flipping as a supplemental income stream, the bottom line is important. MyFlooring can certainly appreciate that, which is why we’ve begun offeringa low-cost carpeting option designed specifically for house flippers. Appropriately dubbed the Flippin’ Great line, these carpets come in five neutral colors and offer a five-year warranty on product and installation. 

At MyFlooring, we want everyone toGet Comfortable with the perks ofbuying flooring online: low prices, convenience, and excellent products and service.

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