From Old Mystic to New Haven, there are plenty of opportunities for you to purchase a cheap Connecticut home and flip it for profit. Many real estate investors make big bucks by picking up a foreclosed home and making a few simple changes, then reselling it for a dramatically improved price. You can quickly and easily flip a Connecticut home by reading and implementing these simple real estate flipping tips:
• Focus on renovations that pay. Some renovations make more money than others, it’s as simple as that. Cosmetic changes are usually the ones that will sell your Connecticut home, so spend more time and money on the changes you can see. Don’t waste money updating the basement unless you absolutely have to – you may only see half of the money you put into it once you sell the home.
• Pay special attention to the “money rooms”. A killer bathroom or kitchen will sell a home. Simple changes, like putting in new tile and fixtures in the bathroom, can net you a huge profit. For kitchens, you can save some money on new cabinetry by refinishing your current cabinets (lighter colors are more appealing to the eye) or simply replacing the doors and handles.
• Get the details right. One quick change that makes a massive difference is installing crown molding and chair rails. Get extra impact by painting the walls and molding slightly different colors – go with bright white on the molding to make the room look extra elegant and rich.
• Put your money out front. New doors and windows make a huge impact on a home’s value. You can make your Connecticut home look inviting by placing flowers, bushes and other decorative landscaping in the front yard. Getting bright and cheery flowers to line the path to the front door makes the home look cheerful and homey.
If you’re hoping to make it big by flipping a Connecticut home, try following some of these real estate flipping tips on your next investment. Adopting just a few tricks that the professionals use can up your ante significantly on your next flip.
