May 30, 2024

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Thinking About Flipping Your Home? These Tips Should Help!

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If you’re a homeowner, whether you’re thinking about selling your property in the near future or not, you should always be thinking about new and exciting ways to improve your property and increase its resale value.

Forecast revenue for DIY home improvement market in 2025 is $680 billion. You don’t have to know exactly how to do a house flip but you can certainly do all sorts of small, medium, and larger projects that will make your home look much better!

Here are some great tips for upgrading your home before you decide to list it on the real estate market:

Decide what work you can do and what you’ll need to outsource

If you’re pretty handy and love working on DIY projects, you’ll be able to get a lot done! But if you’re not too experienced, it’s best to consult with some professionals. Working with home addition contractors is a great way to achieve all kinds of physical appearance boosts for your home.

Don’t feel too bad if you don’t know how to put down new kitchen tiles, upgrade your home’s plumbing system, or build a new addition to your house. There are plenty of people out there who do! Make sure you plan out exactly what you can do and what you’ll need professional help with. And then you’ll need to carefully vet contractors online. It’s a great idea to check their references because, unfortunately, there are a lot of fraudulent contractors out there who will stop at nothing to take advantage of you and your family.

Gather all the tools you’ll need first

Ladders, hammers, shear box, screwdrivers, saws, gloves, etc. You’re going to need a lot of tools in order to successfully complete all kinds of major home improvement projects. Start by doing some research online to find out all the basic equipment that you should already have, make sure you have or acquire all those items, and then dig a little deeper to find out what you’ll need for other projects.

Again, if you’re unsure of what you’ll need or even how to use some of these tools, you might be better off working with a team of experienced contractors. These hardworking professionals know exactly how to significantly improve a home and can do everything from performing maintenance jobs to completely designing and building a new addition to your home. A common mistake that excited homeowners make when planning for these major projects is going overboard on the equipment they purchase early on. It can be exciting to shop for new “toys” but don’t buy a million different things because you think you’ll use them. Chances are, aside from the essentials, you’ll only use these special tools once or not even at all. So make sure you know exactly what you need whenever you’re purchasing tools from a department store.

Upgrade your home’s technology

Upgrading your home isn’t just about working on major projects or smashing out a wall with a sledgehammer. Smart home technologies have become extremely popular — especially for those who are in the market to actually purchase a new home. Having some smart devices installed inside your home is a great way to improve its energy efficiency and increase your resale value.

For the most part, there isn’t going to be too many new homes on the market that don’t include at least some kind of smart device. This technology can get pricey, sure, but they will be well worth it in the long run.

Only start one project at a time

Another major error that homeowners often make is starting way too many projects at once. It’s easy to get big ideas and get over-excited about everything you want to do with your home. But know that doing that is actually very unproductive.

Instead, it’s okay to list out all the things you want to do in the future, but only start one thing at a time. And do not… for any reason… begin a new project until the one you started first is completed. If you start two, three, or four projects at the same time, you’ll be overwhelmed and you might not be able to accomplish any of those tasks. Take a breath, start one project, and finish it — you’ll feel much better doing that!

Consider installing or upgrading your pool

Before you list your home, if you have a few months to spare, it might be worth it to think about installing a pool in your backyard! Pools not only look great, but they significantly increase a property’s resale value.

Get in contact with pool installation services and have a brand new pool built right in your backyard. Then, you and your family will be able to have a blast in the water for a few months, and then you’ll be ready to sell your home for much more than it was worth before! Additionally, make sure you’re staying on top of your pool maintenance if you already have a pool. Even if your home looks great and is extremely clean, if your pool is visibly worn-down, potential buyers might get cold feet and back out.

Focus on safety at all times

Installing commercial solar panels is a great way to upgrade your property — but it can also be quite dangerous. Beware of slips and falls whenever you’re working on the roof, on a ladder, or any surface high above the ground. These falls can lead to all kinds of serious injuries and put your household renovations plans on hold.

Similarly, it’s a good idea to stay in touch with a local family law attorney who also specializes in injury cases just in case you or any contractor you’re hiring is injured while working on your home.

Don’t forget about household cleanup

Before you let anyone into your home to walk through and decide whether or not they want to make an offer, you need to make sure your home is as clean as possible. Obviously, you shouldn’t deep clean your home before you perform any major household remodeling task. But you absolutely should do your best to clean up everything afterward — then you can deep clean every inch of your home.

Dumpster rentals can be great for homeowners who have a ton of construction debris or junk that needs to be thrown out.

Make sure you have a new place to live

Finally, a big mistake that homeowners make when they are researching how to do a house flip and starting renovation projects is not actually having a place to live if the selling process goes by quickly.

This can be extremely scary! Make sure you have a plan A, B, and C just in case. Hopefully, you will be able to sell your home and move into your nicer, newer home right afterward. But if not, consider where you and your family will stay until you do move into your new home. Hotels can be nice for a day or two but then they can get extremely pricey. And the last thing you want to do is have to sign a year lease at an apartment. Perhaps you can stay a few days or weeks with a close friend or family member until you’re ready to move into your new place! Either way, make sure you have a few plans so you’re not out in the cold!

It’s easy to get overwhelmed when learning how to do a house flip, buying necessary items, or starting all kinds of home remodeling projects. But if you take it slow, plan out every single step at a time, and know what you’re doing — you’re going to be fine!

Good luck and enjoy this exciting time!