Make That Money
House flipping has become a popular way for people to make money in the housing market and I am not against it. However, it has come with its drawbacks. A significant issue with house flipping is that they often remove the interest and character from the house. Flippers are sometimes more focused on making a profit rather than preserving the unique qualities that the house may have had.
It’s essential to understand what makes a house unique. There are specific features or details that distinguish a house from others in the area. These may include historical features, architectural details, personal touches, or even the history of the house. These unique features add interest and character to the home, making it stand out in the market and, sadly, house flippers often strip these features away to appeal to a broader audience.
Preserve Charm at All Costs!
Flippers often use generic and bland options when renovating the house, choosing designs that are neutral and lack personality, making the house feel sterile and uninviting. The goal is to appeal to as many potential buyers as possible, which means removing any features that make the house unique. The result is a house that doesn’t feel like a home, and that lacks the warmth and charm that many buyers are looking for. I have seen way too many grey and white houses, lately.
House flippers may cut corners on the renovation process to increase their profit margin. Some use cheap materials like laminate flooring or pressboard cabinets, ignore needed repairs, and rush through the renovation process. This strategy saves costs and time, but it also removes the opportunity to add personality and character back into the house. These cheap renovations may affect the resale value of the property in the long run and buyers always notice cheap and poor finishes.
Flipping a house can be an effective way to make money in the housing market. When renovating a home, it’s crucial to consider the unique features and character of the house. We should take the time to preserve these qualities, rather than stripping them away. By doing so, we can create a home that not only appeals to buyers but also feels like a welcoming space. Don’t be afraid to add to or preserve the character of the home!
If you’re interested in getting into the house flipping business, get in touch with me: Sarah Wiley, REALTOR