When it comes to investment properties, one of the key strategies to maximize profit is improving the home’s visual appeal and functionality.
Skirting boards and wall coverings are two often-overlooked design elements that can significantly boost a property’s appraisal value, which, in turn, can enhance loan approval chances and increase the final sale price.
Skirting Boards and Their Role in Boosting Appraisal Values
Skirting boards are more than just a decorative trim at the base of a wall. They play a vital role in protecting the walls from damage caused by furniture, foot traffic, and daily wear and tear.
Beyond their functional purpose, skirting boards can elevate the aesthetic of a room, adding elegance and polish to any space.
For fix and flip investors, strategically upgrading skirting boards can lead to a noticeable increase in a property’s appraisal value.
Appraisers assess the overall quality of a home’s finishes, and well-selected skirting boards signal attention to detail and care in the renovation process.
Modern skirting designs, such as sleek square profiles or taller skirting options for high-ceiling rooms, create an upscale appearance that can drive up appraisal values.
This increase in appraisal value not only raises the potential sale price but also positions the property more favorably for securing higher fix and flip loan amounts.
How Wall Coverings Influence Appraisal Value
Like skirting boards, wall coverings are another subtle yet powerful tool that can dramatically influence a home’s appeal and valuation.
Basic painted walls can look clean, but introducing higher-end materials like wainscoting, textured wallpapers, or shiplap paneling creates visual interest and conveys a more sophisticated style.
Wall coverings contribute to a property’s appraisal by enhancing its character and perceived value. For example, a well-chosen accent wall with premium finishes immediately gives the space a sense of luxury, even in otherwise modest homes.
In areas such as living rooms and dining spaces, investing in wall coverings can elevate the entire home’s appeal, resulting in a higher appraised value.
This increase can be the key to unlocking better financing options for flippers, especially in competitive markets like Florida and Georgia.
Higher Appraisal Values Lead to Easier Fix and Flip Loan Approvals
Higher appraisal values are crucial for house flippers, particularly for those getting a fix and flip loan in Florida or Georgia, lenders base loan approvals on the appraised value of the property.
The higher the appraisal, the more fix and flip financing Georgia and Florida flippers will be eligible for, enabling them to cover renovation costs and increase their potential profits.
By incorporating upgraded skirting boards and eye-catching wall coverings, flippers can drive up their appraised value and improve their chances of securing the financing needed to complete their projects successfully.
Skirting and Wall Covering Influence on Sold Over List Prices
It’s no secret that in today’s competitive real estate market, homes with desirable interior upgrades often sell for more than the asking price.
By investing in stylish skirting boards and wall coverings, fix and flip investors can create a “wow factor” that buyers are willing to pay extra for.
For instance, matching skirting boards to the flooring or adding wall paneling to a feature room can create a high-end, cohesive look that appeals to discerning buyers.
These small but impactful touches can set a home apart from others on the market, encouraging bidding wars and driving up the final sale price.
Flippers who understand these dynamics can maximize their return on investment by ensuring their properties stand out through thoughtful design upgrades.
Maximizing ARV with Skirting and Wall Covering Ideas
To optimize the After-Repair Value (ARV) of a fix and flip property, careful selection of skirting and wall coverings is essential. Here are a few ideas to enhance ARV valuations:
- Go Tall with Skirting: In homes with high ceilings, opt for taller skirting boards (over 170mm) to create a sense of grandeur. Taller skirting draws the eye upwards and gives a more luxurious feel to the room, which can be an instant value booster.
- Opt for Timeless Wall Coverings: Instead of trendy or overly bold designs, stick to timeless wall coverings that appeal to a broad range of buyers. Wainscoting or shiplap paneling in neutral colors can create an upscale yet neutral backdrop that buyers can easily visualize themselves in.
- Create Accent Walls with Texture: In key areas like living rooms or master bedrooms, consider adding textured wallpapers or wood panels to one wall. These accent walls create focal points that add depth and interest to a space without overwhelming it, boosting both aesthetic appeal and value.
- Combine Skirting and Lighting: Some modern designs integrate LED lighting into skirting boards or shadow gaps, creating a sleek and modern look that can make even smaller spaces feel high-tech and premium.
By implementing these ideas, investors can significantly increase the appraised value of their fix and flip properties, paving the way for higher loan approvals and maximizing profits at the sale stage.
