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Flippers...how Home Depot can help you create high end kitchens on a budget

How Home Depot can help you Create High End Kitchens on a Budget

One of the strategies we are employing on our flips is creating kitchens that stand out from our competition. Our niche is the mid-end starter home. In our area those prices are about $130k- 170k. You normally dont find sexy kitchens in $145k rehabs. The typical kitchen is some new cabinets- probably white to give the illusion of light. Black or white appliances, vinyl flooring and laminate countertops are also typical.

In order to stand out in today's over saturated real estate market, we create luxury and sexiness for the masses. We created the look in this picture for under $6,000 including appliances. How?

1. Flooring- we found 18x18 tiles on Clearance at Home Depot for $.69 a sq ft.

2.The stainless hood vent was $346 at Home Depot

3.The cabinets are off the shelf Distinctions from Home Depot. $1700

4.Granite Countertops- $34 a Sq ft for 60 Sq Ft

5.Sink and faucet only $275

6. Appliances are all stainless "face" and were $2200

My point is- this is not an expensive kitchen- but when you put it in a $150,000 house- it creates a sense of luxury normally not seen. We wow our customers and our houses sell because of it. This is not a kitchen for a $500k house. But it is an economical way to bring affordable luxury and sexiness to the lower end market.

In this market- you need every edge you can get- this strategy may just help you beat out your competition on your next rehab

Mike Hogan

Associate Broker

RE/MAX Commonwealth

(804)503-0811

RVARealtor1@gmail.com

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Comment balloon 1 commentMike Hogan • September 26 2008 11:09PM

Comments

Great post Mike.  Have a wonderful week!

Posted by Richard Ives almost 9 years ago

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