4 Things You Can't Forget When Flipping A Home

4 Things You Can't Forget When Flipping A Home

Flipping homes is not for the faint of heart, but it can be a rewarding way to earn a living. Most homes you purchase to flip will need some fairly major updates, renovations, and repairs. Although you stand to make a good profit in the end, you may find yourself working around the clock seven days a week, even if you've recruited people to help you. The key to earning a living flipping homes is to find a good deal on a home and flip it quickly. Although you ideally want to flip the home as quickly as possible, you also need to do a good job working on the home in order to make the biggest profit possible. If you miss some key updates or repairs on a home, a potential buyer may negotiate the price down (cutting into your profit) or the home may not fare well on a home inspection.

Here are 4 things you can't forget when flipping a home.

1. Cabinets. Cabinets are easy to overlook when flipping a home, but you can really get a lot of bang for your buck by simply refinishing or painting cabinets. Its important to make sure you refinish all cabinets in the home, including the kitchen and bathroom. If the cabinets look old and drab, it can be a real turn off to a buyer. By simply sanding them down and applying a fresh coat of paint, you can really impress potential buyers and add some serious value to the home.

2. Counters. Although counters are a little trickier and pricier than cabinets, it's something you can't ignore. Buyers now days expect the counters to look nice and not worn. Many buyers will also expect an upgraded countertop, such as granite, marble, or quartz. If those options aren't in your budget, try opting for something that looks similar to granite but fits better into your budget. It's also important to make sure that your counters aren't clashing with your cabinets. Coordinating cabinets and countertops can really catch a buyer's eye and make them fall in love with a home.

3. Doors. By applying a fresh coat of paint to both sides of all doors, you can really give a home a fresh, new feel. Its also important to notice what kind of hardware is on the doors and decide whether or not it needs upgrading. The brass door knobs and hinges that were ubiquitous in the 90's and early 2000's have gone out of style and can be a deterrent to a potential buyer. Replacing the hardware on the doors is as simple as going to your local hardware store and picking out new hardware to install yourself.

4. Bathrooms. Having a nice bathroom is a must for many home buyers. There are a lot of moving parts in a bathroom, and its important to make sure everything is in working order and that it's all clean and looks updated. Check all of the faucets for mold or leaks and update them if needed. Make sure the mirrors don't have any cracks or other signs of wear and tear. Toilets are also important. An old toilet can be a major eye sore, so you may want to replace all toilets in the home. It's also important to inspect the tub and shower for any cracks or other signs of wear. Some cracks can be repaired, but sometimes you may have to replace the whole unit.

Flipping homes can be a rewarding venture for many people. If you're looking to get funding to flip a home in New Jersey or Pennsylvania contact Alpha Funding Solutions.

Alpha Funding Solutions
29 Union Avenue,
Suite A
Lakehurst, NJ
08733
732-657-2014
alphafunding.com