An integral part of our investment strategy will focus on acquiring fixer-upper properties
and renovating them for a profit. This involves investing in single-family homes that need a
little TLC, but are nevertheless located in desirable neighborhoods. Because they are in
bad physical condition, they can be purchased at bargain prices. Spend a little money to fix
them up and you can make a large return on your investment when you resell them after a
few months.
The focal points of our renovation plan are the kitchen and bathrooms. Most buyers will
base their decision to buy the house on the condition of these two parts of the house. If
they look first-rate, the house will sell quickly. Plus a kitchen and/or bathroom remodel will
increase the value of the property by a high margin. Such renovation yields an 80%-110%
return on your investment. Thus they are the most profitable projects.
Money and attention will also be spent to create curb appeal by landscaping and fixing
up the front yard. Curb appeal is important to have because it is the first thing a buyer
notices when he's touring a property. If the house does not look attractive from the outside,
the buyer is less likely to want to see the inside of the house. Thus, landscaping is also an
important component of the renovation plan.
To learn more about the flipping business, watch the realty TV shows "Property Ladder"
and "Flip That House" on TLC. They feature people who are renovating a property for the
very first time and follows their progress from demolition to the finishing touches. It also
gives useful information like the initial purchase, the renovation budget, and the final sales
price.
and renovating them for a profit. This involves investing in single-family homes that need a
little TLC, but are nevertheless located in desirable neighborhoods. Because they are in
bad physical condition, they can be purchased at bargain prices. Spend a little money to fix
them up and you can make a large return on your investment when you resell them after a
few months.
The focal points of our renovation plan are the kitchen and bathrooms. Most buyers will
base their decision to buy the house on the condition of these two parts of the house. If
they look first-rate, the house will sell quickly. Plus a kitchen and/or bathroom remodel will
increase the value of the property by a high margin. Such renovation yields an 80%-110%
return on your investment. Thus they are the most profitable projects.
Money and attention will also be spent to create curb appeal by landscaping and fixing
up the front yard. Curb appeal is important to have because it is the first thing a buyer
notices when he's touring a property. If the house does not look attractive from the outside,
the buyer is less likely to want to see the inside of the house. Thus, landscaping is also an
important component of the renovation plan.
To learn more about the flipping business, watch the realty TV shows "Property Ladder"
and "Flip That House" on TLC. They feature people who are renovating a property for the
very first time and follows their progress from demolition to the finishing touches. It also
gives useful information like the initial purchase, the renovation budget, and the final sales
price.
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