We like to believe that flipping houses is both a science and an art. A certain number of calculations must be made in terms of your investment and the kind of profit you might be able to turn, however much of what makes a house flip successful is the design finesse that each individual team brings to the table. We’ve compiled a list of three of the major things you should consider when embarking on your next house flipping project – check them out below.
Location is the only thing you can’t change about a property – so make sure it’s a good one! The location of your flipping project should be a trending, up & coming neighborhood. This will ensure that the value of your project as it relates to its location either stays the same or increases during the course of your renovation.
- Keep your floor plan flexible and your style simple.
When thinking about the plan of your updated home, you want to make sure it appeals to a wide audience. That means being careful with how you create space and also how you decorate it. You want potential home buyers to be able to envision their own lives in the house, so make it homey but keep it practical & simple.
- Add some beautiful and/or valuable highlights to the home.
Marble countertops, neutral but impressive wallpaper, or striking accents like unique light fixtures can have a huge impact on the way potential buyers perceive your newly renovated home. Choose these details wisely – try to go for something that adds value to the home, either monetarily or emotionally, further convincing your buyers that this home is a good investment.
A fixer-upper is a huge undertaking, but one we believe to be absolutely worth it. Are you considering flipping a house in the near future? If so, we want to partner with you. Get in touch today to learn more about our loan options: (888) 552-6637.