Home makeover shows make house flipping easy and exciting, with stunning results. If you're considering buying a flipped house, it's essential to understand what to look for.
What Is House Flipping? House flipping involves an investor buying a home, updating and repairing it, then selling it for a profit.
Should You Buy a Flipped House? Flipped houses offer modern aesthetics and appliances and are often move-in ready with no closing delays. However, they also come with risks, including shoddy craftsmanship and potential compliance issues.
How to Identify a Flipped House Check the property's history and the seller's information. Look for recently bought homes and sellers who own multiple properties. During your visit, pay attention to renovated areas like bathrooms and kitchens.
What to Look For When Viewing Flipped Homes
Be Skeptical: Look beyond flashy upgrades.
Make a Viewing Checklist: Inspect windows, doors, and other areas prone to shortcuts.
Verify the Contractor: Ensure the renovations were done by a reputable, licensed contractor.
Review Permits: Check for proper documentation to avoid legal trouble.
Work With a Home Inspector: Hire a third-party inspector to examine the home's structural integrity.
The Bottom Line With careful research and due diligence, you can enjoy the benefits of a flipped house while minimizing risks. Start your home buying process and mortgage application online today.
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