When flipping or renovating a wholesale property, knowing where to focus your budget first can make a huge difference in your return on investment (ROI). Some rooms simply have more impact on buyers and appraisers than others, and understanding which spaces to prioritize can save time, money, and headaches.
Here’s a breakdown of the best rooms to renovate first to maximize resale value:
1. Kitchen – The Heart of the Home
The kitchen is often the first room potential buyers look at, and it has one of the highest ROIs in home renovations. Even small upgrades can make a huge difference.
Focus on:
- Modern, durable countertops (quartz or granite)
- Updated cabinetry and hardware
- Energy-efficient appliances
- Good lighting and flooring
A kitchen that looks fresh, functional, and modern can significantly increase your property’s appeal—and price tag.
2. Bathrooms – High Impact, Low Cost
Bathrooms are another key area where buyers notice condition and style. Renovating bathrooms can be a cost-effective way to make an older home feel modern.
Focus on:
- New vanities and sinks
- Updated tile or flooring
- Modern fixtures (faucets, showerheads, lighting)
- Fresh paint and clean grout
Even minor cosmetic updates in bathrooms can dramatically improve the perceived value of a home.
3. Living Areas – Space That Sells
Open, bright living spaces are highly attractive to buyers. While living rooms often don’t require expensive renovations, a well-designed space can make the home feel larger and more inviting.
Focus on:
- Neutral paint colors to appeal to a broad audience
- Replacing worn flooring or carpets
- Ensuring natural light is maximized
- Updating fireplace or focal points if applicable
Investors often underestimate the impact of a clean, welcoming living area—it can be a dealmaker.
4. Curb Appeal – First Impressions Matter
Technically outside the home, the exterior is just as important as interior renovations. First impressions can dictate whether buyers even consider a property.
Focus on:
- Landscaping and lawn maintenance
- Fresh exterior paint or siding touch-ups
- Updated doors and windows
- Clean walkways and driveways
A home that looks cared-for on the outside will attract more attention and potentially higher offers.
5. Basements & Bonus Rooms – Added Value
If your property has an unfinished basement or a bonus room, transforming it into a functional space can add substantial value. Investors can often turn these areas into additional bedrooms, offices, or recreational spaces.
Focus on:
- Proper insulation and flooring
- Lighting and electrical upgrades
- Clean, neutral walls
- Functional layout that complements the rest of the home
Finishing a basement or bonus room can turn underutilized square footage into a selling point for buyers.
Final Thoughts
When flipping a wholesale property, not every room needs a full renovation. Focusing your budget on kitchens, bathrooms, living areas, and curb appeal first often gives the highest ROI. Bonus spaces like basements can also be leveraged for added value if budget allows.
At SLG Property Deals, we help investors find properties with renovation potential and provide guidance on where to invest wisely for maximum resale value. By knowing which rooms to prioritize, you can increase the appeal of your property, attract more buyers, and maximize your profits.