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One day every homeowner has the need to renovate their kitchen. There may be many different reasons what has caused you to make up your mind on undertaking a renovation, but the purpose of renovation can either be for personal enjoyment or for a flip as an investment. There is a huge difference in the approach, costs, materials used and even timing schedules when comparing kitchen renovation for flip vs for yourself.

 

Renovation for Flip

 

Materials

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We strongly suggest not to go crazy on expensive materials trying to impress home buyers with an exotic kitchen unless the house is over the million dollar mark. Average finishing materials should be just fine for a flip because the new owners may want to modify it to fit their style anyways.

 

Time for The Job

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In most cases flipping projects are on tight schedules because you want to get the property on the market soon as possible. You'll want to establish a solid plan from the get go to avoid delays. As with any renovation there is potential to run into unforeseen problems but a good contractor will be upfront with this and let you know immediately so you can address the issue and stay on track.

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Budget

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The budget for your flip will vary on a number of factors. However, for the typical home should most often not exceed the $30,000.00 mark. Simply because you want this deal to be profitable you should watch all your expenses and consult with your contractor where you might be able to save a few hundred if not thousands of dollars. Ask Schutte Construction for deals and discounts on your kitchen remodeling.

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Style and Layout

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The only time you need to worry about changing the layout of your kitchen for a house flip is if it was originally built 30+ years ago. For most flips we suggest keeping the layout and upgrading style to somewhat modern with lighter colours.

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Electricity Saving Appliances

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We all love to save money on electricity bills and go green but buying expensive appliances that will save money to new homeowners does not make much sense. Yes, there are some people that are looking exactly for that but most of the home buyers will be going for looks and cost. Buy pretty but cheap appliances that match with your kitchen and won’t exceed your budget.

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Return on Investment

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If your kitchen renovation is done properly for flipping purposes the ROI can be as high as 80%. That means if using right materials and a professional, spending $20.000 on your kitchen renovation, your home will be valued $36.000 more than it was before. Just know that spending more on your kitchen does not mean it will increase your homes value.

 

Kitchen Renovation for Yourself

 

Materials

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Most homeowners that renovate their kitchens for personal enjoyment do not buy pre-built sets in places like Home Depot or Rona. This is an upgrade that people like to show off and be unique as possible. Splurging on custom cabinets, engineered hardwood floor, flashy granite counter tops, and back splash are most common for a custom Kitchen Remodel.

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Time for The Job

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When doing a custom kitchen for yourself and family you will pay attention to every detail. You will be involved in the process by engaging with the contractor and leading them with ideas and desired styles. You do not want to rush this process, let it go for as long as it takes to do a perfect job. Custom kitchen renovation projects can take up to a month or more to finish. Communication between the homeowner and contractor is key to any successful renovation.

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Budget

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Sky is the limit on custom kitchen remodels. There is no actual average price for this type of project but it usually goes somewhere between $35.000 and $50.000. Keep in mind that smaller houses and condos will require smaller budget for kitchen remodeling.

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Return on Investment

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A proportion of money spent on your custom high-end kitchen will often not all be made back if the property is sold. The reason for that is everyone has different opinions and tastes on what the kitchen should look like. While some people think that spending $50.000 will make everyone like their place, it may push some people away. The point behind a custom renovation is that you will enjoy the space and utilize it for the most enjoyment possible.