Everyone thinks kitchens and bathrooms are where you should spend the money when flipping property, but from years of renovation experience, making $50,000 – $150,000 profits on the 2 or 3 flips he does each year, and working on dozens of renovation tv shows like “Take This Home & Sell It”, Ian Szabo says he doesn’t focus on kitchens and bathrooms.
What renovation adds the most value to a home?
I LOVED his answer and I think you will too!! It’s the kind of experienced advice you don’t hear very often and it’s easily worth thousands of dollars to you on your next renovation if you implement it right.
We’ve got the answer to that question and about 8 or so other really important renovation questions for you today!!
So what does give the most value in a renovation?
And what is one of the biggest mistakes new flippers make when flipping property?
Should your contractors sign a contract or will you work off estimates?
Those are just three of the questions I asked Ian Szabo, author of From Renos to Riches, creator of FlipSchool.ca, renovator, project manager and flipper extraordinaire.
We spent 45 minutes on the phone covering some of the biggest renovation questions our coaching clients had for Ian, and we’ve decided to open up the vault and share it with you! Have a listen right here:
Do you have other renovation questions or tips to share? Let me know in the comments!! I would love to hear from you.
Image Credit: ©Ian Szabo