How can you find the right houses to flip? What makes a house ideal for flipping? Self-Stor-It has put together a basic guide to house flipping to help you locate potential real estate opportunities near you! We are your self storage resource for everything from storage units to professional storage advice. Get started on your house-flipping project today, and think of Self-Stor-It when you need storage space!
When house flipping, you want to consider the market you are in and what specific factors will attract the kind of buyers you are looking for. Location is important when house flipping, because you can have a beautiful home, but if the neighborhood does not meet the needs of your buyers, they are going to pass. Good schools, accessible public transportation, and low crime rates are key indicators of an ideal neighborhood for families. Plus, cost of living is going to affect both you as a buyer and those who buy from you. Keep these things in mind when house flipping to give yourself the best chance at success! You can start researching different areas using New Silver Lending’s state-by-state guide to house flipping.
Online real estate marketplaces like Zillow are easy and convenient to use. Zillow in particular offers tools like its Home Sellers Guide and Foreclosure Center to help you through different stages of your real estate journey. It also provides expert tips through its blog posts, so do not forget to explore the sites past their search tools. In addition to online searches, look at auctions around you for affordable foreclosures. You are sure to find a couple diamonds in the rough. Another way to get a good start on your search is to get connected with a real estate agent who specializes in house flipping.
Some houses you come across will be affordable only because of the amount of fixing up they will need. When you come across these, it is important to identify the renovations that you do not want to deal with—either because of the expertise level required or the cost. These are a few issues we recommend adding to that list:
Now that you have an idea how to find houses to flip, start thinking about how you can organize this project. Renting self storage near you can give you the extra space you need to store away equipment, furniture, tools, and more as you are fixing up your house. Let Self-Stor-It in Cheshire, CT, handle your spatial needs, so you can focus on the tasks at hand. We offer indoor, temperature-controlled storage units to protect your belongings through summers, winters, and all the changing temperatures in between. Find self storage near you with Self-Stor-It’s contactless storage rentals!
About the Author: Katie Mest is an SEO Specialist at Storage Asset Management in York, PA. She specializes in writing about the self storage industry, including storage tips and helpful resources. Outside of work, Katie enjoys camping, hiking, and exploring the outdoors with her newly adopted Greyhound rescue, Titan.