Install new carpet, replace bathroom odds and ends like faucets and cabinets, and paint the walls. These inexpensive renovations can significantly increase a property's attractiveness and value for buyers. It is also important to consider the landscape and maintain a budget, as exterior appearance and staying within budget are key to a successful house flip. The document provides tips for affordable renovations that savvy property investors can undertake to maximize their return.

1. AffordableRenovations
for the savvy investor
Jason Cohen

2. House flipping requires
strategy.
Savvy investors know that slapping on a fresh coat of paint and changing a few doorknobs
won't bring about a significant return on their investment. The success of a project depends
on its ability to stay within a budget; thus, a few carefully chosen renovations can net a larger
return than haphazard repairs ever could. Aspiring house-flippers should consider
undertaking these worthwhile and inexpensive updates when they purchase a property!

3. Installnew
carpet.
Stained wall-to-wall carpeting is an instant
deterrent for buyers. Throw it out! The
flooring below may surprise you;
oftentimes, ugly carpets conceal beautiful
floors that only need a little wax and polish
to shine. If the floor underneath the old
covering is unattractive, investors should
consider purchasing and installing a new
carpet. Either way, buyers will appreciate
the clean, fresh appearance imparted by
the touched-up flooring.

4. Replace
Bathroom Odds
and Ends.
Investors don’t need to gut an older
bathroom to make it shine. Grouting
and caulking, while time-consuming, is
an excellent way to return a grungy
bathroom to its previously fresh
aesthetic. Additionally, minor pieces
such as sink faucets, towel bars, vanity
surfaces, and medicine cabinets can be
replaced at relatively low cost and up
the attractiveness of the space.

5. Paintthe
walls.
Never underestimate the value of a good
paint job. A new coat can do wonders for
an older space by imparting a sense of
freshness to spaces that appear dated or
run-down.
When painting, investors should opt for a
neutral color palette in order to avoid
turning away picky buyers.

6. Consider your
landscape.
A buyer makes their first conclusions
about a property before they ever step
foot through the front door. All the time
and money an investor spends on a
property’s interior may amount to
nothing if the shingles on its exterior are
shedding or the grass in unkempt. Mind
the landscaping! A quick mow of the
yard and a bit of garden work doesn’t
require much time or money and makes
a tremendous difference to buyers.

7. Mindthe
budget.
In the end, budget takes precedence.
While a house flipper may want to
completely renovate the kitchen or replace
the plumbing in the bathroom, such pricey
changes might not always be feasible.
Investors should consider repairing rather
than replacing, and ditch non-essential
renovations if they find themselves
spending more money than they
anticipated.

8. THANK YOU!
For more real estate investment advice, visit Jason Cohen's site at:
JasonCohenPittsburgh.com