This is often as difficult as finding the property. When doing flips, it's important to think purely in financial terms when deciding on items to improve or repair. Sure, those granite countertops may look great but chances are you won't get your money back on them in a $150,000 neighborhood. Try to pick items that will only increase the value of the house. (It goes without saying that safety and structural items should be done so you're not selling someone a money pit.)
In this case, I walked through the house and made a list of everything I would like to do. This wasn't an easy task. It took very little time to write the list but a lot of thought to narrow it down to what I actually wanted done. Here's the list:
After compiling the list, I spent a couple of hours making a detailed inventory of supplies I need to complete the remodel:
This list is heavily abbreviated so it doesn't take up too much space.
Okay, so that's where I stand now. The next step is a long trip to Lowe's to price out all the supplies. I generally do two trips, the first is a scouting mission and the second is to buy the stuff. Why the scouting mission? A lot of times, it determines the work I'm going to do. For example, hardwoods in the living room would look great but if they run me $5 a foot just for materials, I'll probably choose tile. I'm hoping to have my materials selected (and maybe even purchased) by this weekend. Until next time...