During the process of a house flip there’s plenty of large decisions and costly choices that are happening. While those can be a big deal there are also some smaller events that individually, or collectively, can really hinder a flip. Both from a timing and a profit standpoint. Many of these can be incorporated into the planning process so they’re sure to be included. And a few are more … [Read more...] about Flip Details Not to be Missed
design
Designing an Ideal Flip
House flips and good design are not always synonymous. There are definitely projects where less is better but depending on your end buyer you can always find a way to up the design even at lower price points. One of my tried and true insider flip tips from some of my earliest projects was to upgrade the countertops. At the price level my projects were, most buyers weren’t expecting to see … [Read more...] about Designing an Ideal Flip
Flip Reveal: Rambler Re-Imagined (and a Bonus Space)
The latest flip included a first in the 13 years I have been working on houses. This project was the first time we included building an addition. And while it was a small addition, there were some lessons to be learned about the process and the cost. This house was purchased in September of 2020 and although the process for permits immediately, there was a series of events that … [Read more...] about Flip Reveal: Rambler Re-Imagined (and a Bonus Space)
Top 5 Ways to Avoid a Renovation Nightmare
In thinking about the post for this week I thought about some of the conversations that I’ve had lately with people who have experienced renovations. For those who have lived through the process the majority of people fall into one of two camps. One the one hand they enjoyed going through it and would consider doing it again. On the other hand are the people who either never got … [Read more...] about Top 5 Ways to Avoid a Renovation Nightmare
How to Run the Numbers on a Flip Project – A Step-by-Step Guide
Running the numbers for a flip is not as difficult as you may think. But it is important. Here, we're going to walk through the process and the different groups of numbers that you'll need to use to calculate whether or not a project is a green light or a pass. In order to determine if a project is profitable you are going to need to put some examples together with numbers to see how they … [Read more...] about How to Run the Numbers on a Flip Project – A Step-by-Step Guide