House Flipping Made Easy – Here’s the Scoop!
With all of the reality shows on HGTV these days, more and more of our clients are interested in flipping houses. Unfortunately, like most things on TV, what you are watching is not as ‘real’ as it may seem. Flipping a home could be an incredible income boost or a major money melter. Before you take a sledgehammer to your walls, here are a few things you should know.
You Need Help
If you are looking for a home to flip, you need a Birmingham real estate agent! The whole point of flipping a home is to make a profit. A good real estate agent can help you find an undervalued home and negotiate a strong sale!
As far as home renovations are concerned, never try them without the help of a professional. Knocking down a wall, re-plumbing, installing wood floors, and shingling a roof may look easy on YouTube, but these tasks are very difficult and dangerous. Even painting can go horribly wrong without professional instruction. Ask for help – you’ll be glad you did.
A Game Plan
With a team of professionals in place, you should know exactly how much money you have to spend. It can be easy to get carried away with house renovations. As you witness a home becoming more and more beautiful, you will want to keep going. Stick to your game plan. Chances are, the extra additions you are dreaming up won’t really increase the value of the home enough to make a difference.
Generally speaking, these updates get the most bang for your buck (even if they are a little pricey themselves):
- Kitchen – Paint walls and cabinets, update the hardware, get new countertops, and consider installing a new floor.
- Bathrooms – Update your toilets and sinks and give your bathrooms a fresh coat of paint. If you have a half bath that has room to become a full, change it.
- Appliances – Renew your plumbing, add a new water heater, repair the roof, and upgrade the electrical.
- Exterior – Give your home curb appeal by attending to the landscape and painting the exterior. Appeal to a wide array of people by sticking with a neutral color and white trim.
Contact Our Birmingham Real Estate Agents Today
Are you ready to start the search for your first flip? Give our Birmingham real estate agents a call today! We would love to help you on this exciting adventure!
