When it comes to home renovations, hard money lenders Texas are a great source of information. Like you, they want to have the property sell quickly and for top dollar. They have a lot of experience with fix and flip properties and can help guide you in the direction of what renovations help sell you home fast. 

When you think of home renovation, you probably don’t immediately thing of hard money lenders Texas. While hard money lenders specialize in hard money loans Texas, they have worked with a lot of real estate investment deals, many of which are fix and flips. As a result, they usually have first hand knowledge of what kind of renovations will help you earn top dollar when selling a home as a fix and flip investment.

Here a few examples of home renovations that hard money lenders Texas would recommend to help you earn the most money on your fix and flip investment:

1. Lighting: Good indoor lighting can make your home shine. Buyers won’t even notice the gorgeous granite counter tops if they can’t see them so make sure you have plenty of built in lighting. This improvement costs around $400 and can boast over a 300% return on that investment so it is definitely worth it.

2. Home Staging: You want the home to show like a home a buyer would want to live in, not a vacant property. For this reason, hard money lenders Texas and many real estate agents recommend that you rent furniture and accessories to stage the investment property. This will help it sell quickly. Costs for home staging vary but you can usually plan on about a 300% return on whatever you end up investing.

3. Landscaping: A barren backyard or lack of a sprinkler system will make your home less appealing. You never want a potential buyer to see work they have to do. Do it for them, but don’t over do it. Basic landscaping won’t cost much and will give you about a 250% return. However, according to hard money lenders Texas, there is one caveat here, don’t spring for luxury landscaping (think hardscapes, fountains, extended patios, outdoor kitchens, etc) unless the neighborhood warrants it. You often won’t even get a 100% return on this kind of luxury enhancement.

So, even thought Texas hard money lenders may not be your first thought when it comes to renovation and design, they should be!

Hard money lenders Texas have “been there, done that” when it comes to fix and flip investment properties. Trust their advice when you are wondering what renovations are an absolute must to sell your property fast!

Dennis Dahlberg

Broker/RI/CEO/MLO