When dwelling flippers, specially novices, start knocking down walls, they often learn a great deal can go completely wrong. Which is wherever actual estate broker Page Turner comes in. The host of HGTV’s new demonstrate “Fix My Flip” aids pull initially-time actual estate buyers out of a funds pit when renovations go mistaken.
Turner formerly co-starred in HGTV’s “Flip or Flop Nashville” and was a visitor judge on “Rock the Block.” In her new solo 6-episode series, Turner, a true estate professional with eXp Realty in Los Angeles and Nashville, is effective with owners who are at the brink of maxing out their budgets. Styled, Staged & Marketed lately caught up with Turner to study some of the ways she’s saving dwelling flippers from renovation disasters.
Have a workforce of expertise on-get in touch with. Investors have to have a good organization strategy, budget, and staff of contractors for any huge-scale renovation challenge, Turner claims. She indicates house flippers provide together a contractor when purchasing for expense attributes to aid them assess likely remodeling assignments. “Don’t go into these tasks blind,” she suggests. A contractor can aid establish potential structural troubles, this kind of as sloped flooring or foundation concerns. Even Turner consults regional actual estate current market professionals on the clearly show to uncover out which jobs have the most worth in the space. She also encourages her consumers to “pad their budgets” (fees for construction components, such as lumber and home windows, have been surging recently). Plus, with significant-scale renovation assignments, excess fees practically normally pop up when tearing out flooring and walls, she states. For the finishing touches on properties, Turner groups up with a designer and household stager to improve aesthetic and suppress appeal.
Adhere to the tendencies of your market place. Turner prioritizes updates centered on ROI. Kitchens, bathrooms, and “head of household” places are frequently critical targets for dwelling advancement. But Turner is locating that tasks in other areas of the house, this kind of as workplaces and outdoor room, are resonating with prospective buyers. She’s inserting a larger concentrate on incorporating personal house offices—or “parent hideaways,” as she calls them. She’s also identified the farmhouse design and style, which is usually extra southern, is trending in California, the backdrop of Turner’s present. It’s “cozy, comforting, and warm,” she suggests about the enduring model craze. Her style and design staff channels that design to resonate with prospective buyers when staging the properties for resale. Also, wooden accents on exteriors is a sizzling development, Turner claims.
Leverage far more colour. A can of paint can go a extensive way when doing work under limited budgets, Turner states. But never just achieve for the grays. “Be a minimal extra daring,” she suggests. “Gray was after deemed the very hot new neutral. But in which we are in existence, step outside a minimal little bit. Dare to be daring and a little diverse.” Worst-scenario scenario? You are going to have to repaint. Paint calls for substantially a lot less of a commitment than other significant-scale renovation tasks and is amid the most affordable, also. Turner attempted a peach wall coloration in a lavatory in the initial episode of “Fix My Flip.” But the workforce did not like it and ended up repainting it. She didn’t regret reaching outdoors the color spectrum, nevertheless, to check out some thing various. She urges others to try to incorporate far more colours her favorites are blues and greens. And she’s not afraid to mix in a pink sink here and there either. “Color can incorporate a more tailored experience, and which is what prospective buyers are seeking for,” she states. (Have to have some shade inspiration?)
Watch a sneak peek under of Turner’s new HGTV display, “Fix My Flip.”