House flipping is a popular way to renovate houses in the US, but it can quickly sink you financially if you don’t know what you’re doing. We’ve designed this cheat sheet to help you get a sense of the flip process and protect your investment.
Do the Research
Don’t plan on flipping a property without doing the legwork. First, compare the property to those neighboring it in terms of value – a decent way to do this is plugging the address into Zillow but you’ll get a more accurate assessment from someone in realty.
Have other properties been sold in the area? Take note of their specific upgrades and try to implement similar change in your own property.
Overhaul the Landscaping
One of the quickest ways to add value to your property is by upgrading its landscaping. Remove any withering plants and trees, cut down areas overgrowing. Get some advice from property owners on things to plant that will add to the curb appeal of the property.
Install New Flooring
A house that’s been lived in shows its wear most noticeably in the floor, something that rings especially true in any house with carpet. If your budget allows for it, installing new flooring is a major upgrade to the property. Find out what most properties in the area feature for flooring and plan accordingly. There’s a good opportunity for you to save here by salvaging older materials such as restaining older wood floors.
Renovate the Kitchen
The kitchen is a major selling point among most properties, make sure it gets the attention it deserves. Establish a budget and consider important questions like cleanup accessibility and space. One of the best ways to remodel the kitchen is to hire a licensed contractor experienced with custom home building.
Want more tips for flipping your house or professional contractor assistance? Contact Arlington Custom Home Builders today!
[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Website’ type=’url’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]