Amy & Aron's

Buying a fixer upper as an investment is a great way of making some extra cash to top up your savings or to prepare for your twilight years. Flipping a pad by purchasing at a rock bottom price, doing it up quickly, and selling it on, sounds great in principle but is it that easy to achieve? The TV shows demonstrating the amateur property developer heading to auction, buying a second home, and flipping it to make thousands suggests it is. But, beneath these property shows lies a whole host of potential pitfalls that you need to consider. Take a look at this guide to help you work out what you should do with your fixer upper.




The Basics

After you have put pen to paper, signed the contract, and picked up the keys, you need to consider the basics before you start considering the decor plans you have for your new pad. Remember, you have bought this patch of bricks and mortar as an investment You shouldn’t be getting to personal with your money making pad. The basics are crucial to ensure that you have a property that is structurally sound.

The utilities are vital to create a liveable home. Ensure that you get the electricity, gas, and water connected. This will be integral to getting the tradespeople you need on site to complete jobs. Contact a firm like Second Opinion Plumbing to check out your pipework under your sink, in your bathroom, and the drains outside your home. An electrician may need to be called to rewire your dwelling and a gas engineer may be required to service the boiler. Once the basics have been checked and secured, you can continue with more exciting jobs.

Kitchen And Bathroom

The kitchen and bathroom in a dwelling goes a long way to selling a house. The kitchen is now considered the heart of a home. Think about how you can create a kitchen diner without breaking the bank. Remember, this is an investment. Rather than heading to kitchen showrooms and buying the designer endorsed cabinetry and granite quartz worktops, you need to check out the ex-display options. These kitchens have been out on the shop floor, but are still in great condition. They can cost you up to half the recommended retail price of a brand new one. They may also be ready built, making them easy to install.

When it comes to your bathroom suite, go for a sleek and simple white suite. If you can stretch to a separate shower cubicle, go for it. These are highly desirable for families and young professionals alike. These two rooms can really sell your home.




The Exterior

Never forget the curb appeal of your humble abode. The walk down the driveway could give your buyer a great first impression. Weed the garden, power wash the driveway, and mow the lawn. Put some colorful hanging baskets outside of the property and ensure that the back garden is well-coiffed. These simple curb appeal hacks could get the property sold faster for the maximum money.

Follow this guide and you can enjoy making some money after your foray into property development.