As a home flipper, remodeling my home for maximum ROI is just as important as finding the right house.
I often research better ways of improving my home through renovations and remodels. During my research, I read a study by the Harvard Joint Center for Housing and learned about the struggles most American home flippers go through after spending huge amounts of money on home remodeling without getting a substantial return for it. Most homeowners allocate huge amounts of money towards home renovation to increase a house’s value in a bid to maximize its return on investment(ROI). But things don’t pan out as they intended because home sellers focus on home improvement projects that don’t maximize ROI. I wanted to sell my home at the time, and I was researching better ways of increasing my home’s ROI. Fortunately, I stumbled upon a write-up detailing how to increase my home’s value with HVAC upgrades. I knew this was a risk I could take. I consulted with my wife, my business partner, and we agreed to give this method a try. We found a good home and hired both a qualified home remodeling expert and a certified HVAC contractor. We asked the professionals to combine their industry expertise and develop a home improvement model centered on HVAC system upgrades. After a few days, the HVAC professional reached out to me with a model that would work best for our project. We were happy and agreed to it. The plan was also approved by local authorities and implemented. We switched the old heat furnace with smart HVAC systems, smart thermostats, and smart air filters. After the final inspection and valuation, we listed the property for sale, and it was bought after three months for a good profit.