House flipping involves purchasing a house, fixing it up, and then selling it to make a profit. This trend is becoming more popular, especially in the United States. Television shows on the subject include:
One thing done to increase the value of the home is to improve the garage. The return on investment, or ROI, varies from one part of the country to another. For example, a garage is typically more important in areas of inclement weather. In many cases, the ROI is as high as 75.6%.
If you’re building a garage, you want to work with a company who knows the “ins and outs” of obtaining the proper garage building permits. Awareness of up-to-date garage building laws is also imperative.
If you just want to make garage improvements, the cost will obviously be less. Here are some popular improvements to consider.
1. Build a Garage
As mentioned above, if the residence doesn’t have a garage, it won’t appeal to as many buyers. Most people are interested in keeping their vehicles and other outdoor-related belongings in the garage.
2. Simple and Functional
When making changes, your first thought might be to do something unique to make the garage different from the others on the block. However, this could be a turn-off to prospective home buyers who are just looking for a simple and functional design.
3. New Garage Door
You’ll probably be surprised by how much the installation of one of many new garage doors will benefit the curb appeal of a home. The door also functions better, offers more security and is better insulated.
4. Cleaning and Painting
Nothing will turn a potential buyer off more quickly than walking into a dirty garage. Moving is enough work. Don’t put extra burden on the buyer.
5. Floor Maintenance
General garage floor maintenance is important. If the floor is stained or cracked, it needs to be painted or re-tiled. If you don’t do this, you probably won’t get your full asking price.
6. Insulate Walls
Insulated walls are important to those who do a lot of work in their garage, especially in cold climates. Storage needs also need to be considered. Many items stored in a garage are sensitive to heat and cold.
7. Repair Windows and Doors
This is another repair that is absolutely necessary. It’s a good idea to add locks to each opening. No one wants the unnecessary stress of wondering whether or not their garage will be broken into.
8. Adequate Lighting
Homebuyers don’t want a dark garage with no easy-to-reach electrical outlets. Making sure the structure has adequate lighting and electricity is an imperative selling point.
These are just a few things to keep in mind, when flipping a house. Yes, it will take a bit of work. But, in this case, the hard work will certainly pay off.