Whenever I’m looking for inspiration for my next home project, I watch some home improvement TV shows. These days, there seems to be one on TV whenever I flip through the channels. I swear, it doesn’t matter if I’m channel surfing at 3 in the afternoon or at 3 in the morning, they’re always on. Most importantly, they’re always educational. Recently, I got into the house flipping business, and I’ve taken a liking to these shows so much I set my DVR to record them. Most of the times, when I find an episode or special particularly interesting I’ll watch it several times, getting something new from it with each viewing. Luckily for me, intellectual property laws don’t cover home improvement ideas!
Because I started watching all of these home improvement TV shows, I got interested in flipping houses. They made it look so easy on TV, and even when people were having troubles with their contractors and ran over budget they always seemed to make money on their investment. On of the biggest advantages to regularly watching home improvement TV shows is that you get to learn from the mistakes of others without having to actually go through them yourself. As you probably know, even a minor setback can cost you thousands of dollars when it comes to flipping houses.
Home improvement TV shows have taught me which rooms are most beneficial to renovate. The major money makers aren’t the living rooms and bedrooms, as I originally thought. Instead, the biggest way to increase the value of your home is to renovate your kitchen and bathrooms. If you know what you’re looking for, you can really make quite a bit of money. I also learned that it’s really important to develop strong and lasting business relationships with contractors and real estate agents.