![]() Q: I’m looking for color suggestions to change up a 1935 white brick house. I would say we generally spend about $170,000 a house to do a bump-out and complete overhaul on about 2,500 square feet. It’s important to do your due diligence.Īs far as budgets, they run anywhere from $60,000 (for a smaller house that doesn’t need a bump-out) to about $250,000. If something goes wrong and you are upside down, the bank will probably not want to lend you money. We were actually going to mortgage a house this week, but to stay competitive and get it, we decided last minute to pay cash.Ĭash is always best, because houses go quickly and you avoid carrying costs, but it is also riskier. Q: How much money do you need to flip a home? Also, is it better to get a mortgage on such a property or, if you have the cash, purchase the house outright?Ī: (Kortney Wilson) That is a loaded question because not only is every house different, but every market is different. Kortney and Dave Wilson of HGTV’s “Masters of Flip” joined staff writer Jura Koncius on The Washington Post’s Home Front online chat. Vancouver Convention Centre, West Building1055 Canada Place, VancouverThursday, October 26 to Sunday, October 29 Psssst! When you purchase your tickets online, you can use promo code WESTERN to get two tix for the price of one.Digital Replica Edition Home Page Close Menu smaller pieces like pillows, feel free to experiment-they’re less expensive and you have tons of options,” she says. “For bigger and more expensive pieces, like a sofa, go timeless. When choosing between timeless or trendy design elements, Kortney suggests you pick a combination of the two. ![]() Combine timeless staples with trendy accessories. Pick the colours you love, but don’t use them all in one room.” 7. “Choose colours you like within your entire home, then layer in the electrics. Add layers of accent colour to a space. Using a mix of electric and primary colours (neutrals, dark and light greys) is key: “You can’t mix electric and electric, or primaries with other primaries,” says Kortney. Careful, selective use of red allows for an accent wall and several pieces of furniture to stand out in a softer, grey surrounding. “Layering with ambient lighting and task lighting is really important-and make sure you have a dimmer,” says Kortney and Dave. Let there be light. Like designing for the landscape, lighting is something a lot of people overlook. For a lot of people, it can make or break the entire house.” A Few Tips on Design…ĥ. “You’d be surprised how important having a strong TV section in the living room is. The most important element? “Television,” says Kortney. ![]() Be strategic in the living room. Though every home the duo designs turns out differently, they always place major emphasis on the living/media room. Dave and Kortney insist that small interior upgrades are the way to go: “They’re not costly, not permanent, and can be completed over the weekend.” The Masters of Flip remind how integral media is in a living room setting. Not only does the cost of a large project build up, it’s also an extended amount of time for you to go without being able to use an important room in your house. It’s important to think of the big picture. “Bigger projects (kitchen, washroom, living room) can take months,” the couple explains. A new coat of paint is a quick way to add value to your home-and it can be completed as a weekend project! 3. ![]() It’s much safer to get educated and act slowly-don’t be afraid to seek contracting help. She and Dave stress the importance of starting small and doing things “bite-sized,” especially if it’s your first time renovating. Take it easy. “We’re big fans of advising people not to go big,” says Kortney. Colour schemes may need to change as well-consider how a neutral or electric colour would look in a dim space compared to a brightly lit room. “If you have a lot of shade-or a lot of rain-you need to address lighting in the interior and exterior accordingly,” says Dave. Location, location, location! When the geographic landscape is changing, you have to adapt to the area you’re in. HGTV power couple Kortney and Dave Wilson share their interior design and home renovation secrets.īetween raising three children, filming their HGTV series Masters of Flip, and preparing for the Vancouver Fall Home Show(October 26 to 29), Kortney and Dave Wilson found time to chat with Western Living about their best home renovation and design advice. Consider this a teaser for their upcoming presentation on the Fall Home Show’s main stage this weekend.
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