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Secrets To Effectively Fix and Flip Houses


To effectively fix and flip houses, you must always remember that any repair you make must raise the value of the property by thrice the amount of that investment.  For example, a $1,000 uplift on a bathroom must result in a $3,000 appreciation of the property. This formula will not work all the time, but it can serve as your guide to make sure that you maximize the money allocated for repairs. Here are some fix and flip tips that will help you make the most out of your repair budget.

Value first impressions. The property you are flipping must captivate the prospective buyers the very moment they see it. Put up a new mailbox, trim the trees and the lawn, and clean the pathway to the front door. Make them realize that they want the property even before they enter it. Once inside, impress them with new shelves, door knobs, light bulbs, and other new but cheap fixtures.

Take care of the basics first. Before you go putting decorations here and there, make sure the basic systems in a house are functional. Fix the electrical, replace broken bulbs and doorknobs, and unclog sinks and toilet bowls. Pay particular attention to kitchens and bathrooms. Replace rusty cupboard handles. A new stove or a bath tubs might do the trick.

Be creative. Here’s one trick that will surely boost the price of the property you are flipping: If the rooms are huge, you can try putting up a wall or a wooden divider to increase the number of rooms. You think that living room’s too large? Why not use one small corner and make it a reading corner. Put a small table and a lamp and you have a reading corner. Use your creativity well. There’s a reason they call it fix and flip.

Be normal. Let’s say you love experimenting with whatnot.   While there is probably nothing wrong with trying out new things, it will be better to stick to universally accepted ideas when you rehab houses. For example, you may be crazy over the colors red and green and you decided to paint the whole interior with burning red and lush green. While this may be appealing to some, seeing Christmas colors all year round may not be everybody’s cup of tea.

For everything else, there’s REIwired. com. The web site offers informative, accurate, and up to date content on everything real estate investing. Read articles, listen to audio files, and read articles on how to properly fix and flip properties.


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