Fast Real Estate Profits in Any Market by Sebastian Howell

Author:Sebastian Howell
Language: eng
Format: epub
Tags: real estate, profits, flipping properties, wealth, investments
Publisher: Atlantic Publishing Group Inc.
Published: 2013-07-03T04:00:00+00:00

“B” Priorities

Renovating a house is somewhat like shopping for clothes. Of course, we would all love to stock our closets full of designer labels, but the reality is often that money matters force us to prioritize and purchase at least some of our clothing in much lesser known brands and off the sale rack. The good news about this is that, just as shopping for your wardrobe, this is the part of your project where you get to determine how you want to spend your money. The bad news is that, unlike shopping for clothes, renovating a home is a little less personal, so it is still important to keep buyers in mind when making your choices.

In determining your “B” list priorities, start in the kitchen. This is the one room of the house in which potential buyers will be the most critical, so it is important to be as detailed as your budget will allow. Begin with the appliances. Black, white, or stainless steel are the trends of the day. Stainless steel is the most costly of the three. However, there are different levels of stainless steel appliances as well, so do not automatically assume that option is out before doing a little bit of shopping around. Check unlikely places like local wholesale clubs or local vendors who have a publicly accessible overstock store or section of their warehouse. Sometimes fairly decent deals can be found here. Black and white appliances can be found ranging in everything from budget to high-end price ranges, so if a little bit of browsing convinces you that stainless steel appliances are not in the budget for this project, determine whether black or white would best fit the overall look you are attempting to achieve in the kitchen and start shopping.

Now, review your ideas about the cabinets. How did you feel about them on your first evaluation? If you are happy with them as they are or feel a coat of paint would make them as appealing as replacing them would, then go ahead and save yourself a few thousand dollars by keeping them. If they look like a throw back from the sitcoms you watched as a child, though, it might be a good idea to follow your inclination to change them. One option you might consider, if your budget supports making some improvements to them but not completely replacing them, is refacing. Refacing is simply changing out the fronts of the existing cabinets and is between half and two thirds of the cost of completely replacing the cabinets.

The “B” list phase is the time to review your original ideas about the countertops as well. Granite is the current trend and the most expensive. Corian is also popular and less expensive.

Last but certainly not least on the list of kitchen considerations are the flooring and lighting. Tile and Pergo are most suitable for kitchens. However, when using tile, avoid types that are easily breakable and subject to cracking in temperature changes. Likewise, hardwood

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