Fix It Then Flip It

 

In this country the act of buying and flipping real estate has been refined to a fine art form. More and more people are making their fortunes in the real estate market and it is a simple truth that it can be done by anyone. It takes an effective plan and some money to invest, and if done right the rewards can be astounding. No other area of investment has consistently shown such a high profit margin and such a pattern of growth.

 

So what does it take to successfully fix and flip a home? This depends on the investor’s time and talent. If time is of the essence, and a professional job is important, engaging the services of a contractor will often save money and time. Regardless of who will do the work, there are a few things that almost all fixer-uppers will need.

 

Paint is a minimum requirement for most fix and flips. Most older homes have a somewhat neglected cosmetic makeup. A new coat of paint both inside and out can take years off a home’s appearance and add nicely to its value. One place that usually needs the most attention is the kitchen. As the highest traffic area in any home, kitchens can deteriorate faster than any other room. The quickest way to increase the asking price is to install all new appliances and redo the countertops and cupboards. A modern and inviting kitchen is a great selling point.

 

A home purchased as a “fixer-upper” guarantees that there are some aesthetic improvements that are going to be essential in terms of the property itself. The yard is what brings the potential customer to the home. It is essential to bring in a landscaper to create a new and dynamic flow for the property. New plants and flowers add a beautiful touch to a yard and can be one of the most inviting aspects of a home. The exterior of the home is critical as the “visual impact” can make or break a sale.

 

A balance of interior and exterior improvements that improves the visual feel of the buyer’s new home are some of the consideration when fixing and flipping a home. Just remember, the new asking pri