Increase the Value of Your Flip
The idea of house flipping is buying cheap, fixing it up and selling it for a nice profit. Easier said than done.
You need to choose home imrovements that will allow you to get the most back out of them.
Remodeling Magazine has been conducting a study since 1987 on what are the most cost-effective home improvements in the United States. In other words, what projects will give you the most return.
The addition of a wooden deck on a mid-range home has been the absolute best. Those who have installed a 16x20 pressure treated wooden deck have seen a return of 85.4 percent of the cost.
The improvement that has increased a house's value the most is a two part addition. An added family room on one floor and an added bathroom on another floor typically sees an added value of $103,000.
Be careful with all renovations as you really can overdo it and not see much of a return at all. Choose your improvements wisely.
__________________
Delegating work works, provided the one delegating works, too.
~ Robert Half ~
|