Uploaded on Oct 26, 2020
If you are looking to partner with hard money lenders on your next fix and flip loan, reach out to Express Capital Financing today. Know more at https://bit.ly/35o2mk4
Fix and Flip Financing | Hard Money Lenders | Express Capital Financing
3 Quick Ways to
Increase the
Value of Your Fix
and Flip Property
2625 East 14 St. Suite 209
Brooklyn, NY, United States
11235
[email protected]
www.expresscapitalfinancing.com
3 Quick Ways to Increase the Value
of Your Fix and Flip Property
The fix and flip loans approach to real estate investing has the potential
to be a financially rewarding enterprise and enables you to contribute
towards the revitalization of economically distressed communities. But in
a competitive market, it is essential that you come up with ways to give
your fix ad flip project an edge on other properties on the market in
order to get it on and off the market in the shortest timeframe as
possible. Doing so will optimize your return on investment and will allow
you to get a fast start on your next income-generating endeavour. While
simple touches like new siding and a fresh coat of paint are good steps
towards revamping a home for the market, what else can you add to
your fix and flip to give it that “wow” factor when it comes to catching the
attention of potential homebuyers in the area?
The following are three key additions that will increase the
property value of your home and give you a leg up on your
competition.
Value Add #1: Smart Home
Tech
A classy addition that is popular in today’s technologically-driven world is
smart home features. These devices enable homeowners to keep track
of their energy usage, monitor their security system, control their
temperature settings and so much more with just the click of a button.
Nest, for instance, programs their thermostats to adapt your preferences
and implement energy-saving steps based on your profile. You can also
incorporate technology in the bathroom as well.
Touchless water faucets are all the rage now—especially for families that
have children because they’re clean and easy to maintain. When
attempting to sell your fix and flip project, these types of modern
touches will catch the eye of young, tech-savvy home buyers and
increase the price tag of your home with minimal effort—a win-win
situation when it comes to getting your property resold at a premium
price point. Doing so will positively impact your bottom line and reduce
the time and effort it takes when it comes to staging and showing the
property.
Value Add #2: High-End
Appliances
Another big value adds that you can implement into your fix and flip
project are high-quality appliances. Although some homes may be
staged with these appliances, incorporating them into part of the asking
price is a huge selling point for potential buyers. Sought-after appliances
such as stainless-steel kitchen finishes, washer and dryer units and
digital monitors collectively upgrade the aesthetic appeal of the house
and add value to the property. Additionally, you can implement cost-
saving features that are also stylish. Swapping out inefficient toilets,
faucets and shower heads for the originals go a long way in water
conservation. A low-flush toilet uses 20% less water than a traditional
toilet, and water saving shower heads can help homeowners save nearly
3,000 gallons of water annually. These classy and thoughtful touches will
draw in house hunters that are looking for elegant, unique style points
and set your fix and flip property apart from the countless other run-of-
the-mill homes on the market that you will be competing against.
Value Add #3: De-
Clutter
Okay, so this isn’t really an addition per-se, but make sure to focus on
neutral design elements that will appeal to the largest percentage of
your target market. Nothing turns potential homebuyers off faster than
an interior design that doesn’t exactly mesh up with their personal style.
Be mindful that you aren’t unintentionally imposing your own
preferences when it comes to staging and renovating the property. To
this end, try to incorporate soft, neutral colors for the majority of the
finishes—there is always room to add in brighter colors and novel
materials as accents for the purpose of drawing attention to and
highlighting certain focal points that show off all of your hard work.
If you are looking to partner with hard money lenders on your next fix
and flip loan, reach out to Express Capital Financing today. We as New
York Hard Money Lender specializes in a variety of loan programs,
including fix and flip funding and fix and flip loans for beginners. We’d
love to learn more about your investment portfolio and how we can work
together on your next hard money loan.
2625 East 14 St. Suite 209
Brooklyn, NY, United States
11235
[email protected]
www.expresscapitalfinancing.com
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