The look and feel of a home or apartment depends so much on the type of flooring you choose. Today, fix and flippers enjoy a wide variety of flooring options that fit nearly every style and budget.
Here are some tips to help you choose the right flooring for your next rehab project.
Step 1: Neighborhood
Before you install flooring in a house you’re flipping, consider the neighborhood. If the home is in an area that’s mostly rentals, avoid installing hardwood floors or other hard-to-maintain flooring. Although hardwood flooring is attractive, it is more susceptible to wear and tear than other flooring options. On the other side of the coin, avoid installing budget flooring in a home that’s located in a high-end neighborhood.
Step 2: Stick with Trusted Products
When you’re flipping a home, don’t get bogged down in the details. You can save a lot of time and money by choosing similar products from brands you trust. Select a few standards from your preferred home improvement vendor so that you’ll know exactly what to choose for various levels of remodeling. Pick an inexpensive and durable option to install in rental homes, and a higher-quality option for higher end homes.
Step 3: Pick Neutral Flooring Options
Unless the home you’re flipping has a unique look, you should select flooring that’s relatively neutral. Prospective buyers are often drawn to homes that do not require much renovation. Select attractive flooring in neutral tones that are well-suited to match many different types of décor. Neutral flooring will appeal to a larger number of prospective buyers, increasing the chance of a sale. Homes that are not in immediate need of renovation also tend to draw higher offers, which will increase your profits from flipping.
Step 4: Add Visual Appeal Without Extra Cost
You can have some fun with flooring without added cost. Add value and appeal to a home by installing the flooring in a modern pattern. Instead of installing square tiles in a checkered pattern, you can modernize the look by installing them in an offset pattern. This subtle change will not cost you extra money, but it will add subtle visual interest and appeal.
Installing attractive and durable flooring does not have to be an intimidating or expensive project. If you’re ready to start making improvements to a property, let us help you! Gorilla Capital makes it easy to apply for funding before you start your fix and flip project. Our Fix & Flip Calculator can give you an accurate profit estimate right away. Click here to learn more!