Considerations When Choosing a House To Flip

Flipping Homes in Denver, Colorado

Purchasing a house to flip can’t be done like we would look for a home to settle in. To get a return on investment, it’s necessary to change our usual “house-buying” thought process. Rather than getting the most bang for our buck on a beautiful home, the search is for a lower-end, not-so-pretty place. Let’s discuss a few considerations when choosing a house to flip.

Choose the Lower End of the Neighborhood

A great neighborhood is a wise choice; don’t go for the highest-end house in the hood.

Getting into a neighborhood with the lowest-priced home is always a good idea, whether house flipping or not. It will be easier to sell, and if the neighborhood is truly a popular one—buyers will flock to the well-priced home.

When flipping, this means it can be fixed up and likely sold for a profit.

Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

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Little to No Landscaping

Beautiful landscaping is tempting, but we are talking about house flipping here. Buy a home with a blank slate if possible, so there is no need to tear anything out or list the price to reflect an immaculate English cottage-style garden.

A fresh start with landscaping leads to better profit because you have control of what goes in, can keep it simple with less work, and still make an impressive yard with beautiful curb appeal.

Cookie-Cutter Is Best

A “cookie ]-cutter” house looks basically like every other house on the street from the outside and the layout inside. When investing in real estate, that’s a good thing.

Don’t buy the one unique, custom home in a cookie-cutter neighborhood. Buyers coming to look want to be in the neighborhood because they love the homes. Maybe you like the one that looks like a medieval castle, but all the rest look like a traditional family home. Choose the latter so it will sell more quickly.

Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

Never Pay Asking Price

Let’s face it—house flipping has its risks. Even with inspections, a flipper could run into unexpected problems and repair costs.

When choosing a house to flip, pay as little as possible, so even if the profit is less than expected when you sell, at least it is something.

In conclusion, house flipping is a great way to invest in real estate and grow profits as each flip becomes more lucrative. Remember to choose the lowest-priced home with the same layout as the others, but not as pretty, and never pay the total price.

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