How is finding houses to flip different than buying a home for yourself? You need to look past your personal preferences to the needs of your potential buyers. Sunrise Storage’s easy-to-follow guide gives you an idea of what you should and should not look for in a home. Located in Orwigsburg, PA, we are your local source for all things self storage. When you find your house, you can turn to us to help manage your storage needs through your repairs. See our house-flipping tips to get started!
If you are getting into the business of flipping houses, it’s important to do your research of the surrounding area when considering which houses to buy. The needs of your potential buyers should dictate what type of house you’re looking for and in what kind of neighborhood. For example, consider the cost of living, what that means for your purchase of the house, and how it will attract future buyers. Also think about factors like public transportation access and school districts. If you are looking to sell to a family, they will have very different needs than that of individuals. Use these factors to guide your decision-making in your searches. Start your research with New Silver Lending’s state-by-state guide to house flipping to find statistics and the best cities for flipping houses!
One of the best ways to start your real estate search can be to form connections with local agents who specialize in house flipping. Get advice and learn as you follow their lead through the house-buying process. You should also keep an eye yourself on the different houses available around you through online marketplaces. Zillow is a popular search resource, but it offers much more than just pictures and numbers. It gives you tools to maneuver through the different stages of the real estate journey—the Foreclosure Center and Home Sellers Guide, for example. Explore these different search methods yourself to see what homes are available near you!
Your budget is going to be the guiding force behind the renovations you decide to make. Keep this in mind in your search. A low asking price probably means high repair costs on your end, so tread carefully. These are a few repair issues we recommend that you try to avoid when buying a house to save time and money in the long run:
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Finding houses to flip might be tricky for beginners, but Sunrise Storage is here to help. As you transition into the renovation portion of your flip, lean on us for affordable self storage space nearby. In Orwigsburg, PA, our drive-up storage units and vehicle storage can manage your items and keep them secure through changing weather and changing deadlines alike. Call to ask about our self storage and month-by-month leasing options!
About the Author: Paige is a Social Media Coordinator at Storage Asset Management in York, PA. She brings the most useful storage tips and tricks to your social media feed and loves a good self-storage pun. Beyond work, Paige spends her free time traveling extensively, her most recent trip being the Andes Mountain region of Bolivia.