The real estate market is hot right now, and if you are in the business of flipping homes, it is crucial to stay up-to-date with trends in homeowner preferences. We have compiled a list of 2021’s top tips to flip.

As more buyers enter the market looking for their next home, it is essential now more than ever to keep up with buyer trends. The COVID-19 pandemic created new buyer preferences that may conflict with trends from 2019 and earlier. It is vital to stay up to date to ensure your flipping business continues profitability. At HIS Capital, we have compiled a list of the biggest trends in the house flip market.

Close Those Floorplans

One of the most significant changes that we see in buyer trends is increased privacy. While open floor plans rose in popularity in the 2010s, the trend is ending. This is a result of more buyers looking to use extra space for home offices. While we do not suggest blowing your budget on a complete remodel to close a floor plan, there are a few simple tips you can use to add some privacy to your flip. 

Automation

Automated homes that were once a dream of the future have arrived. If you have not added these modern marvels to your home flips, it is time to incorporate them to increase your bottom line. Buyers today expect to purchase a house preloaded with features like mobile-controlled HVAC, security, lights, and more. When renovating fixtures in a home it is important to consider potential smart updates. One important thing to consider is the brand you choose for automation. The brand should run as universally as possible across all the home’s functions. Ensuring homebuyers can access all their home’s smart features from one app shows you took the extra time to plan. 

A modern keyless lock will give a good impression to buyers looking for those modern touches on their new home. These improvements are low cost and an excellent option for micro-flipping. A few of the top items that we recommend updating include: 

Improve Curb Appeal

First impressions are everything. A low-cost trick to increase your flip’s profits is improvements to curb appeal.  This can be as simple as improved landscaping and replacing siding that is old or outdated. Florals boxes and additional greenery make a considerable difference, enhancing and brightening curb appeal within hours.

Replacing the mailbox is another cheap upgrade to a house that needs improvement. If applicable, another quick fix is updating any external shutters. It is unbelievable what a fresh coat of paint can do! Looking to splurge? A custom garage door provides an elegant and luxurious look, improving the home’s curb appeal immensely. 

Energy Efficiency

It is of vital interest to homeowners that they are saving on heating and cooling costs. Energy-efficient appliances and windows are a must-have in modern-day homes. It increases the home’s value and is an essential element considered when buying. Vinyl or aluminum windows are a consistently popular choice amongst flippers and home buyers. Further, drafts and leaks can occur with roof damage. Make sure to take care of any shake roof repair! Not only does a newly installed roof increase the value of a home, but even essential repairs can also increase that price tag.

 

Matt Lee is the owner of the Innovative Building Materials blog and a content writer for the building materials industry. He is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that save money, improve energy efficiency, and increase property value.

 

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