How do you find houses to flip for your first fixer-upper? Despite how easy they make it look on home improvement shows, buying and flipping houses is a lot of work! If you’re ready to take some risks and put in the work for your first house flip, check out West Creek Self Storage’s guide on how to find houses to flip in West Creek, NJ.
You don’t want your first house flipping experience to be a flop! The first step is to find the right market. When looking to purchase a home, buyers are not only looking at the house itself, but also at its location. Factor in the area’s cost-of-living, neighborhood appeal, crime statistics, school district, and access to public transportation when choosing a fixer-upper.
You also want to choose a market that is within your pre-renovation budget. The housing market can be a challenge to navigate, especially if this is your first house flip. We recommend checking out New Silver’s state-by-state guide for flipping houses as an additional resource for beginners.
There are a lot of real estate sites out there and it may be overwhelming to know where to look first. Zillow is a great website to begin with. It’s user friendly and they provide helpful tools for home buyers and sellers, such as their Foreclosure Center and their Home Sellers Guide. Foreclosures are a great way to find fixer-uppers with a lot of potential for cheap! You can find foreclosures at auctions – just be prepared to pay for these investments in cash. Are you still feeling overwhelmed? You may want to recruit the help of a real estate professional. They can make the process of buying properties easier. When it comes time to resell your investment property, they can also make sure you get the best offers!
Renovating is the fun part! You get to choose all the details from paint colors and flooring to light fixtures and countertops, transforming your investment into a newly updated and remodeled home. There are a few renovation projects that we advise you stay away from, as they might be more work than they are worth. If a home is in need of the following, you may want to look for another investment:
Renovating a house requires the use of a lot of tools and materials. Not to mention, fixer-uppers often come with a lot of property left behind! Rent a self storage unit to stay organized and store your materials in a safe and secure location. We have digitally recorded cameras and locked gates with personalized keypad access at our storage facility for added safety. You can rent for a month or for several years with our month-by-month leasing agreements.
Pack away the renovation equipment and pull out the furniture when it’s time to stage your newly renovated home at open houses and showings. Check out our available storage units in West Creek, NJ.
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.