Using these tips for planning your house flip will help when you want to ensure you aren’t missing any less obvious issues.
HVAC
An updated and well-running heating and cooling system is a must for resale. Many home buyers want a more eco-friendly system with high efficiency ratings. They also expect the system to be well-maintained and clean.
Before investing in cosmetic areas, be sure the HVAC of the home is running smoothly and efficiently.
Layout
Updating appliances and the colors of a home will only go so far if the layout itself is terrible. Take a walk through the home and imagine cooking in the kitchen or getting ready in the bathroom.
If the refrigerator door hits the dishwasher or the bathroom sink is disproportionate to the rest of the bathroom, these layout issues must be fixed order to quickly sell the property after it’s flipped.
It’s also a good idea to see if you can make the home more appealing with an open concept. If possible, knock out a wall to create more space.
Electric
Safety repairs need to be part of a flip. Cosmetic alone don’t truly renovate a home.
Especially in older homes, wiring may need to be brought up to code. Circuit breaker panels may be outdated and need replacing. Just remember not to replace older circuit breakers with a different brand, unless the entire panel is being replaced.
Check bathrooms and kitchens for GFCI outlets and install where necessary.
ceiling fansceiling medallions
some ceiling fans to consider
Plumbing
Again, in older homes make sure all plumbing is up to code and can handle today’s toilets, sinks, and showers. Fix little things such as leaky faucets so potential buyers know you paid attention to every detail.
Roofs
It can be tempting to ignore the roof. After all, it’s an expensive fix if the entire thing needs replacing. The thing is, ignoring issues that will most likely be discovered through the buyer’s inspection anyway is never a good thing. The house will only sit longer.
Sometimes all the roof needs is some patching. If the roof needs replacing, perhaps you know a roofer with whom you can work out a deal.
Consider a Team
With so many things that can possibly need repairing during a house flip, many flippers prefer to create a team of investors and contractors who work together, making the flip fast and thorough.
other related articles of interest:
Rather than stressing over things like electrical issues, the electrician on the team takes care of it and gets paid on the spot or receives part of the profit if they’re part of the investment team.
This method may give you, as a flipper, less income up front—but after several successful flips, it could be very well worth it.
No matter the method you choose for your house flipping journey, use these tips for planning your house flip as a reminder to keep an eye out for smaller or unseen repair needs.
Find Handyman Services (opens new win) Handyman Carpentry Electrical Plumbing top-rated, pre-screened local contractors FREE: download contractor selection enter zip code – powered by HomeAdvisor ™
Image credit: tips for planning your house flip by envato.com
end of post … please share it!
|__________________________________________________________|
home remodeling surprise
find out where it might go - new win
Helpful article? Leave us a quick comment below.
And please share this article within your social networks.
