Real estate investing for the purpose of flipping homes has the potential to be quite lucrative, but it requires being able to discern which properties are actually flip-worthy. To be successful, one of the first things investors must realize is that not every house for sale they come across is going to have the ability to make a profit. There are certain features that make a home more marketable and appealing to buyers, and those are the elements that are most important to look for before investing. The real estate experts at EXIT Realty Nexus provide Coon Rapids, MN, investors with valuable advice that has proven to pay off time and again.
They’re here with some insight into a few aspects that are essential to flip-worthy homes:
- Wood Floors: Flooring takes up quite a bit of space in any home, so it should be as attractive as possible. This is why hardwood floors are preferable over carpeting, especially in the living room area. If a house does have carpet, it’s worth taking a look to see the condition of what’s underneath.
- Plenty of Bathroom Space: Every member of a household spends a good deal of time in the bathroom throughout the day, so it’s generally important to buyers that there is plenty of bathroom space. A flip-worthy home will have at least one and a half bathrooms or the room to add on to make this accommodation.
- An Updated & Open Kitchen: As the place where everyone in a house congregates, the kitchen is undoubtedly the most valuable area to focus on for those serious about real estate investing. Updated cabinets and hardware can go a long way in boosting appeal, as can knocking down walls to create a more open floor plan.
- Properly Functioning Systems: A home cannot be comfortable or efficient if its various systems are not functioning properly. Things like the plumbing, HVAC, electricity, windows, and the roof should all be in good working order. Each of these aspects is expensive to repair or replace, which neither an investor or buyer will be eager to pay for.
While a great location will always be vital to real estate investing, what’s inside a house will have just as much impact on how flip-worthy it turns out to be. Contact EXIT Realty Nexus at (612) 281-1033, or visit them online to browse available properties.