Sunday Morning Tip for Dec 30: 4 Things to Know Before You Flip a House

<span>Sunday Morning Tip for Dec 30:</span> 4 Things to Know Before You Flip a House

Product Rating (opens new win)

4.4 out of 5

Total

4.4
4.4 out of 5
  • Opening Intro -

    Jumping into the real estate business of flipping houses to make a profit can be an exciting but scary adventure.

    Although this has the potential to be a great moneymaker for some, it is not always as easy or profitable as it sounds.

-------------------------------------

Here are four primary things to know before you flip your first house:

Get Out While You Can

Once the house is ready to hit the market, you need to develop a strategy that will sell it fast. Every day that the house sits unsold equates to more money out of your pocket. There are a few ways to sell a house fast and you need to make sure that you have done the research needed to facilitate a quick turnaround. Pricing the house competitively and timing the market right are two ways to ensure that your house sells quickly and for a fair price.

Find Good Contractors

Remodeling is an integral step to house flipping. Your house flip will only be as good as your hired contractors. It is important to establish a variety of skilled and reliable contractors. Start the process of hiring a contractor before you even buy the property so that they are lined up and ready to work once the time is right. Asking for a multitude of references and requesting to see completed work are both good ways to thoroughly vet any potential contractors.

Buy at the Right Price

The first step in making this a profitable venture is to make sure that you buy the property at the right price. To ensure that you do not spend too much money on the investment, it is imperative that you conduct a thorough research of the market as well as future price predictions. Savvy investors understand the importance of finding a house that you can add value to and then sell for a much higher price.

Pick and Choose Your Upgrades

To turn the biggest profit possible, it is recommended to invest your working capital into upgrades that make a splash without denting your pocketbook. Choose special touches that will not blow your budget, but will still make a lasting impression on potential buyers. For example, eclectic lighting or trendy faucets add a fresh look to a house without costing a lot of money.

With ample research and a solid business plan, even novice house flippers can ensure that their venture will be a success. Check here for updated renovation tips and guides from LetsRenovate.com!

May We Suggest Some Key Topics on
"Home Renovation"?

Home Renovation? 7 Things to Do With Your Old Furniture
4 Critical Pieces of Equipment You Need for Home Renovations
How to Get the Best Home Renovation for Your Money

more topics

How About Some Management Ideas to Address
"Home Renovation Needs"?


more photo remodeling

Let’s Jump Over to Photo Remodeling Center for Ideas on
"Renovating Home"


Do You Find This Sunday Morning Tip Helpful?

 

sunday morning feed

 

Home Improvement reference:

see resource information: room addition

Amazon Bestsellers: Overhead Pan Racks

$1.00Bestseller No. 1
Sorbus Pot and Pan Rack for Ceiling with Hooks — Decorative Oval Mounted Storage Rack — Multi-Purpose Organizer for Home, Restaurant, Kitchen Cookware, Utensils, Books, Household (Hanging Bronze)
381 Reviews
Sorbus Pot and Pan Rack for Ceiling with Hooks — Decorative Oval Mounted Storage Rack — Multi-Purpose Organizer for Home, Restaurant, Kitchen Cookware, Utensils, Books, Household (Hanging Bronze)
  • CEILING POT AND PAN RACK (BRONZE) - Mounts on ceiling to store, organize, and display cookware collection in one compact...
  • DISPLAY & ORGANIZE - Showcase a stylish kitchen - Specially designed for pots, pans, utensils, cookbooks, bakeware,...
$1.00Bestseller No. 2
Cuisinart CRUH-6 Chef's Classic Cookware Universal Pot Rack Hooks, Brushed Stainless, Set of 6
823 Reviews
Cuisinart CRUH-6 Chef's Classic Cookware Universal Pot Rack Hooks, Brushed Stainless, Set of 6
  • Stainless steel construction
  • Hangs pots and pans using their eyelets
Bestseller No. 3
Wall Mounted Pots and Pans Rack. Pot Holders Wall Shelves with 12 Hooks. Kitchen Shelves Wall Mounted with Wall Hooks. Kitchen Storage Pot Holder Pot Rack. Pot Pan Organizer. Pot Pan Rack
25 Reviews
Wall Mounted Pots and Pans Rack. Pot Holders Wall Shelves with 12 Hooks. Kitchen Shelves Wall Mounted with Wall Hooks. Kitchen Storage Pot Holder Pot Rack. Pot Pan Organizer. Pot Pan Rack
  • HIGH QUALITY GUARANTEE - The pot rack is made of thick materials, best hand-made welding, best finishing.. Sturdy and...
  • TWO INSTALLATION METHODS WALL MOUNTED POTS AND PANS RACK - Top bracket and bottom bracket flexibly to store, organize,...
Bestseller No. 4
JonerytimeChristmas GiftKitchen Drainage Shelf Multifunctional Dishwashing Sponge Storage Rack
  • TSolid stainless steel; thick material technology production, classic shape, stylish and beautiful, multi-purpose, can...
  • Suitable for faucet pipe with thickness between 20mm and 25mm
Bestseller No. 5
Rogar Hammered Steel Rectangular Pot Rack with Grid and Chrome Accessories 30-in.
30 Reviews
Rogar Hammered Steel Rectangular Pot Rack with Grid and Chrome Accessories 30-in.
  • Color: Hammered Steel/Chrome
  • Lids can be placed on top of grid

Last update on 2019-05-24 / Affiliate links / Images from Amazon Product Advertising API

-------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------

directory photos forms guide

Helpful article? Leave us a quick comment below.
And please share this article within your social networks.

facebook google+ pinterest
Categories: Weekly Sunday Tips

About Author

LetsRenovate Admin

From the administrative staff at LetsRenovate.com. We hope you enjoy this article and the elements of the site. Please forward any suggestions or comments regarding the posting or other suggestions for improvement. We also operate other helpful guides in education, money, travel, and business. Visit our main site for address information. Thank you. Please share this site with friends and family.