How do you estimate flooring on a flip?
Flooring is one of the most important parts of a house flip operation. Whether you are thinking of replacing or repairing the flooring of your flip project, you need to, first of all, see what kind of flooring there are in the neighborhood and what similar houses are like in the neighborhood. Always try to do something similar or better because you always want your property to be at the same level in terms of value with neighboring properties.
Any advice or tips when doing flooring for rental properties?
If you are doing flooring for a rental property, you shouldn’t be spending too much money. There are a variety of options to find and choose from when doing flooring- from carpet to hardwood floors, tiles, etc. When estimating the cost, consider using cheap but durable materials like vinyl or laminate. The best vinyl prices for example range from as little as $1 per square foot to $5 per square foot for premium vinyl. You can still achieve the best flooring by using good quality materials that are not too expensive.
How can you reduce the cost of flooring when doing a flip?
When flipping, try to develop a good relationship with the contractor. Then you can buy the materials yourself and then give them to the contractor who will only then calculate and do an estimate as to how much to charge for labor. When you mix labor and material, contractors will attempt to make money in the mix. That also ensures the quality of the materials you are using.
