What’s Going On with Flipping Houses

We want to believe that we can make money off flipping houses. There are still homes in poor condition on the market, and there is still a very strong market for beautifully updated properties since most millennials are not interested in fixer-uppers. There were more house-flipping investors in 2016 than there have been since 2007.  Most of the serious investors have the process down to a science where they specialize in a specific style of home in a specific area. They know the market and have a measure of predictability with the budget.  For the rest of us, experts primarily caution on over-renovating. Establish a renovation budget with the target sale price in mind. The other key consideration is location. You can fix the house, but you can’t change the location.

 

Advertisements

About Richard Gerber

Living Your Lifestyle A home is more than just architecture. A home supports our lifestyle. Whether you entertain large groups or prefer intimate gatherings. If you need privacy to work from home or an energizing space to spark creativity. Do you prefer a vibrant urban hub or quiet rural setting. A home nurtures who you are, it is why we feel comfort there, and it is why it is so important to us. We provide highly personal service to people buying and selling their most valuable asset, and their transition to their next home. We make the experience enjoyable, predictable, and worry free. We specialize in Sellers, Buyers and Investors of Luxury Homes, Single Family Homes, and Town Homes in Schaumburg, Palatine, Hoffman Estates, Elk Grove Village, Rolling Meadows, Inverness and other suburbs in Northern Illinois. For more information, feel free to contact me at Rich@RichardGerber.com or visit http://www.RichardGerber.com
This entry was posted in Real Estate and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s