Flipping a House: Renovating
For the second part of our Flipping a House series, we’ll be discussing how to flip and renovate a house! Read our previous blog, Flipping a House: Buying, to be the most informed. We at Transforming Property Solutions have simplified the steps and debunked the myths of flipping a house. Read more for some of our own tried-and-true tips on renovating and rehabbing a house!
Start off your renovation on a good foot: hire a home inspector. The evaluation will give results on the house’s:
attic / basement (if applicable)
windows and doors
As we said in our previous blog post, Flipping a House: Buying, start your home flipping experience by doing cosmetic repairs and appliance updates with your first renovation.
Along with your first renovation, you should start building relationships with contractors—you can’t do everything by yourself, and some things have to be left to professionals. There are many types of
contractors, such as:
There are also people well-rounded in different areas. Get references and look at the reviews of different contractors, and schedule them to walk through the house with you and talk about your plans for renovation in order to get comparable quotes. Don’t be afraid to try multiple different ones to find people you work well with.
After the home inspection results get in and you choose a contractor, you can start renovations! Schedule them to start working the same day you settle on the property.
Remember your end goal: to gain a profit after selling the house! Make good decisions regarding any problems during the renovation and stay within your budget. Follow through with the renovations you decided on previously and be patient throughout the process.
Flipping a house doesn’t have to be as hard as it seems. Read our previous blog, Flipping a House: Buying, and be on the lookout for our blog about selling a property! Transforming Property Solutions is located at 223 W 3rd St, Sanford, FL 32771. For more information, investors and realtors are encouraged to call 407-375-2317 or visit online at www.transformingpropertysolutions.com