Flipping houses in Atlanta tends to offer a compelling blend of challenges and opportunities for real estate investors, especially for those who want to maximize their return on investment. This is why many of them opt to renovate the homes they buy; and one of the most common rooms that get a glow up is the bathroom.
When executed well, bathroom remodeling in Atlanta, GA can offer a fantastic boost to a property’s value on the MLS. As such, it is a crucial strategy to understand and master. If you are planning to remodel the bathroom of a property you’ve recently acquired before relisting it on the MLS, here is a quick guide to help you maximize your returns.
Consider Midrange Bathroom Remodels Over Huge Projects
It’s easy to get carried away with extensive remodeling plans, especially when the goal is to create a stunning impact. However, the most profitable remodels are often not the most extravagant ones. According to Remodeling Magazine’s Cost vs. Value report, midrange bathroom remodels in the South Atlantic region (which includes Atlanta) can recoup up to 67.2% of the cost at resale.
Midrange remodels typically involve updating fixtures, efficient lighting, and aesthetic improvements, rather than extensive structural changes. They strike a balance between cost and impact, leading to a more attractive return on investment. Hence, you should consider focusing on these projects to maximize your profits while keeping costs under control.
Get All Your Permits in Order
Navigating the legal landscape is a crucial part of any remodeling project. In Atlanta, this involves securing permits from both the Homeowners Association (HOA) and the local government.
Before starting a remodel, you should consult with the HOA to understand any restrictions or guidelines that might affect your plans. Non-compliance could lead to fines or even a mandate to undo the work.
Similarly, the City of Atlanta’s Office of Buildings requires permits for most remodeling projects, including plumbing work, electrical work, moving fixtures, and alterations to homes in historic districts. Not obtaining the necessary permits could result in fines, delays, and potential issues when selling the property. Therefore, getting all permits in order is crucial to avoid any legal hurdles and ensure a smooth remodeling process.
Don’t Overlook Choosing the Right Bathroom Remodeling Company for the Job
The choice of a bathroom remodeling company can significantly impact the outcome of a project. The right contractor can bring your vision to life, ensure quality workmanship, and maintain adherence to the budget and timeline.
When choosing a contractor, you should look for a company with a proven track record in completing bathroom remodeling projects on time. You should also look for a company with a strong reputation, and a portfolio that aligns with your vision. It’s also important to choose a contractor who understands the local market and can provide valuable insights into what potential buyers in Atlanta are looking for in a bathroom.
Bathroom remodeling is a powerful strategy for increasing the value of a house flip in Atlanta. By focusing on the suggestions above, you can maximize your returns and achieve success when flipping a home in the competitive Atlanta real estate market.
