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What You Need To Know About Flipping And Selling A Home.

by Randy Gridley

The Things That You Should Know About Flipping And Selling Your Home

As you probably recognize, it will cost you a pretty penny to sell and flip your property. When it comes down to it, you will need to come out of pocket with a serious chunk of change in order to not only pay for the property, but to pay for the repairs that come with the territory with the property. Over time, this can add up and be exhausting, since this is a huge commitment. People who are new to flipping properties will typically not know exactly what needs to be done to be successful. A lot of the homes that people look into for flipping and selling homes are foreclosure properties that the bank has repossessed due to non payment. When it comes to acquiring one of these properties, you will need to be prepared to handle a whole lot of repairs just to get the property ready to hit the market. So even if the purchase of the house was dirt cheap, you will need to pay a lot of money just to get it up to par. 

When fixing homes, plumbing is typically one of the most expensive. Even if pipes are an easy repair, the price of replacement is quite substantial. Most of the time, it is not the best investment to purchase a house that needs any kind of pipe replacement. Always opt for homes that have copper pipe as opposed to steel pipe, because they are built to last and are incredibly durable.

Whenever you purchase one of these homes, it is important that the foundation is in good condition, or else it will be incredibly expensive to repair. Anytime you are thinking about flipping a home, make sure that you get a home inspection contractor to give the home a thorough evaluation of the foundation and the plumbing systems. 

As you are looking around for potential investment homes, be vigilant about making sure you do not overpay. The last thing you want to do is make an emotional purchase. Only think of the household purchase in terms of profit.

One skill that you will need to develop is the ability to negotiate. You will only be able to get the most profit from home when you are able to get the home at a great price. What this means is that you must be able to talk the seller down in order to get the price down to something that you can still make a  sizable profit from.

Another great tip is to build a rapport with at least two highly capable contractors who will give you a good deal on work. By building these relationships, you will be able to get quality work done while keeping a nice chunk of change.

After the home is all fixed up and ready to go, you will need to make sure that you are in a full-court press to market it. The court of the house sells, the better. Just know that time is money in this regard. Make sure that you post the listing on all possible outlets and make flyers to put up wherever you can. Make sure that the photos are of the highest quality, so people get a great representation of how beautiful the home is. Most people will judge a book by the cover, so put your best foot forward.

Great Design Ideas for Small Baths

by Randy Gridley

Those big high-end bathrooms you come across in home improvement magazines are just to die for! For the longest time, you have been envious of such bathroom as you wonder what to do about your pint-sized bathroom. Here are some design ideas that may seem big but will be what you need to transform that small bath into something luxurious.

Older homes tend to have a bathroom that measure 5X8 feet, which is almost like a structural norm. Scaling down on some of the bathroom items will help to deal with that illusion of claustrophobia. You can do a pedestal sink instead of doing a skin that have a long counter space and cabinets. For lighting, work with tiles that have a light hue, and the same applies to the paint; it will create an illusion of more space.

Your choice of color will influence the décor design. For instance, you can do an Asian theme that allows you to play around with dark and light colors. You can do a Japanese feel for the powder room vanity, which will give your room to play around with modern elements complimented by old world designs. Do less of dark hue; taking away that chocolate layout and giving it a new sparkle of beige, light blue or white colors.

As small as you might see your bathroom might be, the available space is its strength; therefore, leverage the space without adding clutter. A touch of vanity lighting complement by light colors on the walls creates the illusion of more space. A light oak finish, more so in the bathroom furniture and storage options, can be an excellent way of creating an alluring contrast in hues.

The modern bathroom design works with horizontal tiles to that aid in creating more space in baths that have limited space. You can pair this with a frameless mirror. Stick to the vanity design concept for the ceiling and walls to stay in line with the creation of more space. You might consider including a curbless shower pairing it with a sizable toilet to make the bath look and feel bigger and luxurious

Leveraging the available space with all its limitations is possible if you work with an efficient vanity working with a light vanity for dark wall and dark vanity for light walls. A vanity with drawers under the sink for storage options for your accessories will be a good way of maximizing your storage space options.

If you have an empty wall space, do not cover it instead, think Zen. A good option would be a horizontal dark-framed mirror; it will help to stretch the wall space while creating an illusion of more space in the bathroom.

Do not rush to paint the room even if it can help add a feeling of more space. You can opt to use marble tiles instead of paint and use other things such as frameless mirrors to create that illusion of space. Do not put in a tub; rather, install a glass door shower paired with a cabinet system that stretches from the floor to the ceiling.

Now you know. Your little bathroom can be just as elegant as those high-end baths. Tearing down the bath for expansion is not always the best route. It just comes with extra costs. Just know how to leverage the available space as you master how to incorporate light and dark color option to achieve that feeling of more space.

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Contact Information

Randy & Doyelene Gridley
Silvercreek Realty Group
1099 S Wells St. Suite 200
Meridian ID 83642
Randy's Direct Office: 208-859-7060

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