Flipping About The Market?

(February 01, 2016 )

Are you looking to invest in property? Some shows about home renovating make it look fairly simple to buy a rundown house, fix it up and “flip” it for tens of thousands of dollars more. But before you begin to entertain the idea of rolling up your sleeves to make a quick buck on the market, make sure to not only investigate the property thoroughly, but also the area it’s in and the comparative values of other homes in the immediate vicinity.

Your first step should be to pick up the phone and ask me for a no-obligation rundown of recent real estate activity – what is currently on the market, what has recently sold and for how much, how long they took to sell and what condition they were in.

You’ll also want to get a feel for the direction the area is going in. Is it an established area or an up-and coming one with great potential? Does it attract single people, young families with kids or an older crowd looking to downsize? Let’s review these factors and more to help determine exactly what home features would be most appealing to the next buyer, and therefore where best to spend your renovation dollars.

If you’re looking to invest in a property then take the first step and call so we can go over the many factors involved. Let’s touch base to discuss your expectations, work through your property-buying budget and review the realities of renovations.