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Page Turner of “Fix My Flip”
Page Turner, the host of HGTV’s “Fix My Flip,” knows that certain features make a house look high-end—and it’s important for flippers (as well as regular homeowners) to know what those features are if they hope to fetch a high price when they sell.
And the Season 2 episode “Big League Flip” highlights these must-have items, as Turner helps house flipper Michael with his biggest project to date. He’s bought a three-bedroom home in Toluca Lake, CA, for $1.2 million and plans to put $300,000 into the renovation. He’s hoping to sell at $2 million, which is an ambitious goal he’s hoping Turner can help him reach.
While high-end homes can generally bring higher returns for flippers, they’re also more risky since the upfront investment is so high, plus high-end buyers can be hard to impress. Nonetheless, Turner helps this flipper tune in to what this house needs—and passes along some wise advice on upgrades worth getting that might work wonders in your own abode, too. Check out what we learned this week.
Install a slat wall around the stairs Before: Page Turner knew this closed-in staircase wouldn’t impress buyers.
(HGTV)
One of the first things Turner does in this renovation is open up the floor plan. She knocks down the wall between the living room and kitchen as well as the wall separating the living room from the staircase. Removing these walls makes the home feel big and open—which is exactly what high-end buyers want.
However, she soon realizes that this layout makes the staircase an accidental focal point, allowing full view of the upstairs bedroom door from the front of the house.
Turner and her contractor decide to add a wood slat wall, which provides privacy without closing the staircase in again. Plus, it gives the living room a stylish feature.
After: The slat wall adds extra style to this living room.
(HGTV)
“I always like bringing custom wood touches into our flips,” Turner explains. “It’s a way to add sophistication, class, and uniqueness without breaking the bank.”
When the house is finished, the home’s real estate agent tours the property and gushes over the slat wall.
“I love the wood detail,” she says. “It adds, like, a midcentury feel. It’s what everybody wants right now.”
It’s a great addition that shows how a smart feature can do two things at once: This slat wall keeps the bedroom feeling private and adds warmth and style to this beautiful living room.
Open up a galley kitchen Before: Before removing the wall, this kitchen was long and narrow.
(HGTV)
When Turner firsts sees Michael’s flip, she’s unimpressed by the small space for the kitchen—and disappointed with his plan for the space.
Michael says he wants to keep the original galley footprint, but Turner knows that he’s not going to get buyers at the $2 million mark with a small, narrow kitchen.
“What they don’t understand is that the family that buys this house, they don’t want to be confined to an old, outdated galley kitchen and a closed-in floor plan,” she says.
After: This kitchen is big and beautiful.
(HGTV)
After the demo team removes the living room wall, Turner has lots of space to add a large kitchen, complete with a high-end design. She adds Scandinavian custom oak cabinets, a bright white backsplash tile, and neutral concrete counters.
“Midcentury mod meets luxe urban elegance,” Turner says.
In the end, the kitchen looks incredible, proving that sometimes flippers need to spend money to make money. A tight galley kitchen wouldn’t have impressed buyers, but by knocking out the wall and investing in high-end design, this kitchen becomes a huge selling point.
Add bedrooms—if there’s time Before: This downstairs bedroom needed some work.
(HGTV)
This house has two bedrooms downstairs and another upstairs, which Turner thinks will be unattractive for families with multiple kids. So she suggests adding a third room on the first floor, giving a future buyer the opportunity to have two kids’ rooms conveniently close to the main suite.
“Getting a fourth bedroom is a must for this house. It increases the buyer pool, so it’s a really important addition if we want to get anywhere near that $2 million target,” Turner says.
After: This house has only three bedrooms, but each is beautiful.
(HGTV)
She finds a way to squeeze in another bedroom on the first floor, but she soon finds out that getting a permit for the extra room will take much longer than expected.
Between wasted time and pricey carrying costs, Turner decides to make a new plan.
“Adding more time to this flip is not going to fly,” she says. “Time is money, especially with a property of this magnitude.”
So, while adding a bedroom can add value to the home, Turner knows when it won’t always make financial sense with a flip. Instead, she focuses on making the three existing bedrooms look warm and welcoming while investing the $70,000 she would have spent on the new room on high-end finishes she knows buyers will love instead.
Use classic tiles in a unique way This bathroom looks stylish.
(HGTV)
Turner knows that she’ll need to deliver high-end bathroom design in order to impress buyers in this neighborhood. So, in the hall bathroom, she selects floor tiles that she knows will make the space feel elevated.
“I want to get spicy in there,” she says, showing off a gray tile. “I would love to see a big hexagon tile down there for the floor just to kind of make the room feel bigger, richer, stately.”
In the shower, she chooses not just one but two tile colors for a unique effect. Together, these tiles are sleek but classic, giving the bathroom a timeless, elegant look.
Make the outdoors as comfortable as the indoors Before: Buyers wouldn’t be impressed by this backyard.
(HGTV)
Behind this house is a garage and a bonus room, perfect for a home office. And while Turner already needs to invest a good chunk of the budget into cleaning up this detached structure, she doesn’t want to neglect the small but valuable yard between the two buildings.
She decides to add a formal dining space and a laid-back lounge area, creating the perfect yard for entertaining.
Turner knows that this yard will impress buyers and says it “delivers on a buyer’s dream of a California indoor-outdoor lifestyle.”
After: Now, this yard is a functional entertaining space
(HGTV)
So, is Page Turner’s latest flip fixed?
After buying this home for $1.2 million and spending $300,000 on the renovation, Michael lists the place for $1,850,000. After two weeks of listing the home, he accepts an offer for an impressive $2 million. That means that after Turner’s $50,000 fee, Michael walks away with $450,000 in profit. That’s a high-end sum for a high-end house!
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This article was originally published by a www.realtor.com . Read the Original article here. .