Consider the condition. Is it still in good shape with no cracks in
the tile or big stains on the carpet? Is the linoleum peeling up around
the edges as it does in some of the bargain investment properties? It’s
not particularly expensive to replace flooring so the house looks
decent.The flooring should appear easy to clean.The carpet shouldn’t come right to the front door, for example. It’s good to have a small area of tile there that’s easy to wipe up after the kids, the dogs, and your own muddy shoes. Buyers notice details such as these and will appreciate any gestures you make to improve the flooring.
If you want to rent the property remember that you won’t want to put in a weak peel and stick tile because it will probably have to be replaced when the tenants change. If you put down tile, spend a little more for a sturdy type that will withstand the rigors of a rental family. The fewer times you have to replace the flooring, the better your profit margin.
On the other hand, if you are going to buy a property and plan to do a little remodeling and then flip it quickly, it may be acceptable to put down inexpensive flooring. Don’t expect to get a premium price for the house, though. If you flip it to sell it to another investor, they’ll most likely do their own rehab anyway, which may involve putting down a premium floor.
If the house has hardwood floors, show them off. Buyers love the idea of hardwood floors. Give them a good refinish and coat them with a clear coating. There’s nothing like a room with a gorgeous shiny wood floor.
Carpet is a similar situation to the floor tile. If you’ll be renting the house out, use decent quality carpet that’s sturdy enough to withstand the rental. When the tenants move out you’ll be able to use commercial cleaning to refurbish it as long as there are no impossible stains. Good quality carpet can also be patched in where you have a stubborn stain. Cheap carpet doesn’t wear as well, so if you patch it the new patch will stick out like a sore thumb.
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We are looking for all types of single and multi-family homes. Your
home does not have to be in perfect condition. With your property, we
structure several options, and let you choose the one that best suits
your needs. We take the financial burden of having to pay monthly
mortgage payments off your back and we’ll take care of any rehab or
maintenance, regardless of how minor or serious. |