Thinking of House Flipping? Renovate with These Brands
Smart investors have been "house flipping" - snatching up fixer uppers, renovating them, and quickly selling them for profit - for decades now. Whether you're currently flipping houses or are thinking of dipping your toe into the fun and fast-paced world of house flipping, you should be aware that installing the right appliances is an important part of the process. You want to install high-quality appliances that attract buyers, give you a good return on investment, and won't eat into your profits. It's a tricky balancing act for sure. As experts in appliances, we wanted to tell you what we think are the best appliance brands for house flipping.
Kitchens are King
Most house flippers will attest that a home’s kitchen can make or break a sale. Every home buyer wants to feel like their kitchen has top-notch appliances. Buyers want something that looks expensive, something they didn't believe was in their price range. So, from house flipper's perspective, they want to deliver a Sub-Zero look, at a lower cost.
We recommend that house flippers strongly consider LG, Bosch, GE Café, and Samsung appliances in the kitchen. Whether it's a stove, a refrigerator, or a dishwasher, appliances from these brands perform well and look expensive, especially if you choose all stainless steel finishes. A house flipper can get a good deal on kitchen appliance packages from any of those brands. Flippers should also look for mail-in rebates or special deals, which will save them a lot of money in the long run.
Make Laundry Feel Luxurious
The other two important appliances to consider when house flipping are the washing machine and dryer. Now, the truth is, prospective home buyers aren't usually expecting to be blown away by the laundry room. But a brand-new washer and dryer set will be a pleasant surprise for most home buyers and leave them with a more favorable impression of the house overall.
The best appliance brands for your laundry room are Whirlpool, Electrolux, or LG. All of these brands provide high-quality, expensive looking machines at affordable prices. Just be sure to choose appliances from those brands that are in the mid-price range. Installing basic, inexpensive-looking appliances may backfire on the seller. The buyers may assume he or she cut corners or opted for the cheapest fix possible in other areas on the house in addition to the laundry room.
Four More House Flip Tips
Now that you know the best appliance brands for house flipping, here are a few more tips to help you get the most money from your flip:
- Do it yourself, unless you don't know how. If you have carpentry or plumbing skills, then go ahead and take on those projects and enjoy the savings. However, know when to call in a contractor. Paying a pro to do the job right will save you time and money in the long run.
- Embrace the power of paint. Never underestimate the power of a fresh coat of paint. Most people can handle painting walls themselves and a paint job just gives the entire home a new, clean feeling.
- Sweat the small stuff. Focus on inexpensive details. Install new bathroom faucets and showerheads, replace kitchen cabinet hardware, get a new mailbox, install new doorknobs, and make sure the landscaping looks nice. These are all quick fixes that won't cost much but will catch the eye of a prospective buyer.
- Focus on floors. Gleaming new floors are one of the first things buyers notice. If the home has hardwood floors, then have them refinished. If there's carpeting, then it's worth ripping it out and showing off the hardwood.
House flipping can be fun, but in order to make money, you have to do it right. If you're looking for the best appliance brands for your next house flipping project, then stop by Reno's Appliance in Paterson, NJ. We have every home appliance you may possibly need.