Looking to get into the house-flipping business but not sure where you should start? Learn how to find houses to flip that are affordable and within your repair capabilities. Blythe Landing Self Storage in Huntersville, NC, is here to help you navigate finding, fixing, and selling your house. Follow our tips below, and then find self storage near you to help keep your projects organized and clear of clutter.
If you’re looking for houses to flip, one of the most important things you can do is learn to do is neighborhood research. What you will look for in a neighborhood will depend on what kind of potential buyer you are anticipating. First, understand the cost of living in the area. What are the average prices for homes? What are the property taxes like? All of these factors will impact how much you’ll need to spend on a house, and how much you’ll be able to sell it for. Second, look at schools if you are planning to sell to a family. This can impact the value of your flip, as well as how easy it will be to sell. Third, you need to look at the housing market itself. Are there a lot of houses for sale? Are prices rising or falling? This will give you a good idea of what kind of demand there is for houses in the area, and how much competition you’ll have when it comes time to sell your own flip.
If you are not sure where to start, find your state in New Silver Lending’s state-by-state guide to flipping houses! It is an excellent resource that can give you a good base.
You may naturally start your real estate search online, and we do not blame you. Online real estate marketplaces, such as Zillow, make for convenient and efficient comparing. Zillow especially provides its users with a multitude of accessible tools and guides, like its Home Sellers Guide and Foreclosure Center. But it is also beneficial to connect with a real estate agent who knows the area and market well. Working with a professional, especially if you are new to house flipping, can help you cover your bases and teach you the process along the way. Use different search methods when looking for houses to flip, because you never know where you will find your fixer-upper.
Buying a house at an affordable price is only half the battle. When you can find a house in your budget, make sure to check for pricey fixes. Some renovations are going to especially eat away at your budget, so try to avoid big repairs like:
Blythe Landing provides regular self storage tips on our Facebook page. Like us today!
Once you get to the renovation stage, give us a call. We can help you store away clutter and keep your materials organized. Blythe Landing Self Storage is Huntersville’s choice for reliable and secure self storage space. Choose between our indoor and drive-up storage units, and compare your options through our contactless storage rentals. We offer month-by-month leases, so you never have to worry about storage as your deadlines change. Rent or reserve your storage unit today online!