3 Ways to Create the Perfect Look for Multiple Flips
Every HGTV show depicts flippers adding a different design style to each flip. In reality, that is not the case. While we know you may want to get creative and add your own flare to each property, this can actually hike up your costs and dismantle your quick exit strategy. When investors become emotionally involved in the design of their flip, they end up spending more money and ultimately take longer to flip the home. So how can you come up with the perfect look for multiple flips? Of course, ZINC is here to help! Creating a standardized look for all of your flips will save money and help create a seamless, efficient, exit strategy. In this blog, we will give you some tips and tricks for creating the perfect look for all of your flips!
- Buy in Bulk- Buying things like paint, light switches, grout, tile, etc. in bulk will save money overall and will ensure you have enough materials for each flip. This will also help maintain a quick exit strategy because your handyman will have the same process of design for each property. When you start changing up your materials, it leaves room for error if your handyman constantly has to change their process.
- Keep a spreadsheet- Maintaining a spreadsheet with all of your materials that you use and their SKEW number will help you stay organized. This will also allow your handyman to get exactly what they need if a certain material runs out.
- Don’t involve emotions-Time and time again we witness borrowers involving their emotions into their flips. ZINC recommends that investors think of their flips as a business. Try not to add personal touches or think about what you would want in a home.This can derail your strategy and cause major confusion for your handyman. Treating your flip like a business ensures that each flip will have the exact same design process in order to maintain the highest possible ROI.
Now that you know how to keep your design style standardized for multiple flips, the next step is to get your deals funded! Here at ZINC we lend up to 90% of the purchase price and 100% of the rehab! Click here to apply now.
