How to Find Quality Houses to Flip
What kind of fixer-upper are you searching for? Community Park Storage has put together a beginner’s guide to house flipping to teach you how to find quality houses to flip. We walk through tips on what to look for and what to avoid. Let Community Park Storage be your support throughout the flipping process!
Tips on How to Find Houses to Flip
Prioritize the Neighborhood
It is important to research houses thoroughly, but you should also take a hard look at the neighborhoods that surround the houses. These factors will have a long-term effect on your buyers, so make sure your neighborhood is friendly, inviting, and resourceful. Cost of living will certainly influence both your buying decision and your buyers’, but what else should you look for? If you hope to find and flip a 3+ bedroom home, then you might be looking to sell to a family. Well, a family will probably be searching for a house in a nice school district with low crime rates. On the other hand, a smaller property might be more ideal for a young working couple whose focus is more on access to public transportation and downtown entertainment. Your ideal neighborhood will probably change based on your ideal buyer, so do careful research on your neighborhood before choosing a house!
New Silver Lending’s state-by-state guide to house flipping is an excellent resource to help jumpstart your research.
Diversify Your Search Tools
Your diamond in the rough will not just appear out of nowhere. It will take a lot of searching and comparing to find a house that you can afford that is also in your scope for repairs. A good start is to connect with a local real estate agent who specializes in working with house flippers. They know the market and the processes you will need to go through to buy the home. You can also search yourself through online real estate marketplaces. Zillow is a popular option, and it is not difficult to see why. It offers plenty of information about the houses and includes online tools to help you maneuver through different stages of the buying and selling journey. Check out the Home Sellers Guide and Foreclosure Center!
Avoid Big, Budget-Sucking Projects
What should you keep an eye out to avoid when searching for a house to flip? Costly repairs. A house might be affordable simply because it will cost a fortune to spruce up. Look for renovations that are going to eat away at your budget. Avoid these big issues:
- Cracks in Foundation
- Electrical Repairs
- Water Damage
- Too Little Bathroom Space
- Plumbing Issues
- And More
Community Park Storage in Cranberry Township, PA
Find space to manage your house-flipping renovations in Cranberry Township, PA! If you are working on a house nearby, Community Park Storage is happy to help you control your clutter. We can store your different materials until you need them to do the job. Get set up with one of our drive-up or temperature-controlled storage units today!
