Really, what is Fixing and Flipping? Well, if we believed the TV shows – it should be easy to fix and flip a property with just a little unexpected drama. Fix and Flip, in my opinion and experience, has the biggest upside potential for an investor who wants sizable profits in the short term. With large profit potential comes risk, and the need for a strategic plan. It is also important to have insight into current trends and the hot things homeowners are looking for.
What Renovations are hot in 2017?
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Smart Technology is huge for 2017, and with the availability of wireless technology installation is much easier and cheaper. ROI is a bit hard to determine but should definitely increase the value of your fix and flip.
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Appliances are moving to “Matte” finishes instead of the shiny stainless look.
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Brass is making a comeback (as hard as it is for me to believe). It’s not shiny brass of the 1970’s; it’s a satin finish.
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Using furniture pieces as vanities for bathrooms. This gives a very custom look inexpensively.
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Big colors this year: Green (in many different shades) and taupe is the new neutral.
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Creating an inviting entry way in any home is a big must have this year.
Inexpensive Home Improvements to Increase Home Value
For a small investment and a little time, these updates can add value and appeal to your fix & flip.
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Paint the front door a contracting color and add new hardware. This can make the front of a home pop.
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Clean cabinets, replace all hardware and hinges. This might be time consuming but it can make a big difference.
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Touch up bathrooms by: resurfacing the tub, changing hardware and adding a framed mirror over the vanity.
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Mulch the lawn. If a lawn is patchy but worth saving get some organic mulch and use grass clippings to improve the appearance and health of the lawn.
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Renew grout – Re-grouting can be very time consuming and expensive. There are some great products at your local home improvement store, that with very little effort make old stained grout look new.
Green Home Improvement Projects
Although not necessary for most fix & flips (because the return on the investment is usually years down the road) there can be some value added for buyers.
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Solar Shutters – while blocking the sun they gather energy. They can produce about 500 watts of power per hour. This is equal to the power a computer needs to run all day.
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Solar Water Heater – There are several elements needed to correctly utilize a solar water heater: a small number of solar panels, solar water heater system and a back-up heater system.
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50-year roof – by using recycled rubber tires and other composite materials companies are making roofing that lasts for 50 years and has the appearance of shake or slate tiles.
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Car-Charging unit – as more and more vehicles are becoming electric this can be a huge value add for some households.
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Low water landscaping – creating attractive curb appeal with drought resistant plans and hardscape is green and cost efficient.
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Editors’ Picks
EUR/USD retreats toward 1.0850 on renewed USD strength
EUR/USD stays under modest bearish pressure and declined toward 1.0850 in the early European session on Tuesday, pressured by the renewed USD strength. ZEW sentiment survey will be featured in the European economic docket ahead of housing data from the US.
USD/JPY extends rally beyond 150.00 as markets assess BoJ decisions
USD/JPY preserves its bullish momentum after breaking above 150.00 with the 'sell the fact' reaction to the Bank of Japan's decision to end negative interest rates. In the post-meeting press conference, Governor Ueda said they will consider options for easing broadly, including ones used in the past if needed.
Gold price struggles to lure buyers, holds steady above one-week low ahead of FOMC meeting
Gold price ticks lower amid reduced Fed rate cut bets, elevated US bond yields and stronger USD. Geopolitical tensions could lend some support to the safe-haven XAU/USD and help limit losses.
Why is the crypto market crashing?
The two most important contribution to the ongoing bull market is the meteoric rise in Bitcoin due to the ETF approval and the sudden interest spike in Solana ecosystem. But the recent move suggests that the upward momentum is dissipating and a correction looms.
Lots of tension ahead of this week's Fed decision
Last week, we got a strong round of US economic data accompanied by hotter US inflation reads. The takeaway of course is that there might be a lot more pressure on the Fed to be looking to scale back its rate cut outlook at this week’s meeting.
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