Many people enter into the field of flipping houses to try their hand at restoring or upgrading real estate properties for profit. The key to flipping houses is to spend money wisely. One way to capitalize on your funds is by buying high-impact, affordable flooring that wows buyers and encourages bidding.
If you’re in the market for floor choices for your housing flips, 50 Floor has five tips to help you along the way.
1. Pick Floors That Fit the General Use of the Room
The first rule of thumb when putting flooring into flips? Always make sure that the floor material you pick makes sense for the room. We touch on this in our guide for selecting flooring.
Let’s say you’re refreshing a kitchen space. You might want to consider laminate or luxury vinyl tile, which will increase the home’s value. Both are durable and easy to maintain, but it depends on the look you are trying to achieve.
2. Make Sure the Flooring Style Fits the House
Every house has its own architectural style. Your job is to consider the overall style when you’re deciding between flooring options.
For instance, carpets and textiles might fit in a house with a warm and welcoming style. On the other hand, a house with a minimalistic, modern feel might beg for engineered or natural hardwood floors. By buying what makes sense for the design of the property, you will see an increased return on your investment.
3. Raise the Value of the Home Without Breaking the Bank
Flipping houses is a delicate balance of investing money to raise the value while still profiting once you sell the house. Flooring will be one of your biggest costs, so it’s important to find economical options.
It’s helpful to investigate floor materials that will improve the property without hurting your profit margins. For example, you might love hardwood flooring, but it may be out of your price range. For a more inexpensive option, engineered hardwoods can be just as beautiful. You can also save money achieving the hardwood look by choosing types of luxury vinyl planks or even some higher-end laminates.
4. Install Floors Buyers Will Love
It may be tempting to design the house in your personal style, but keep in mind that you are selling it to someone else. You may be someone who’s always wanted a tile and grout bathroom floor with unique swirls, but not everyone may like that style. You can still impart your personal choices on the house, but it may be helpful to research current trends and see what buyers are looking for.
Hardwood is always a good option, as many buyers look for these floors in houses, but carpet often trends as a viable option, as well.
5. Upgrade Floors in Rooms That Matter
If you have a strict flooring budget, focus your attention on floors in rooms where people spend most of their time. These generally include the kitchen, living room and master bedroom.
As long as the floors in the other parts of the house are suitable for use, you can concentrate your investment dollars on installing flooring in the main rooms. In particular, it may help to put some thought into the flooring for the entryway or the first room your buyers will see when they walk into the home.
Flip Faster With Flooring From 50 Floor
Whether you flip homes as a side gig or have made it your full-time passion, it’s essential to get the flooring right. By choosing the right flooring, you can add immense value to your home. Take time to look at floor types and follow our tips for flipping houses to make the process easier.
Want a free consultation with a 50 Floor representative for your housing flips? You can schedule a visit today!