Looking for a guide on how to find houses to flip in VA? The process of buying fixer-upper homes to resell, known as house flipping, has gained popularity in recent years thanks to design and home improvement television shows. It comes with big risks, but it can lead to big rewards if you are willing to put in a lot of hard work. If you are someone who is feeling inspired to give house flipping a try for yourself, follow Ocean Storage’s tips below to start searching for your potential fixer-upper!
What should you consider when deciding whether or not it’s feasible to successfully flip houses in the right market? The cost of living and the attractiveness of the neighborhood to a home buyer are two factors to consider. Take into account your buyer’s entire family requirements, especially if you’re selling a bigger property. Look for neighborhoods with good schools, easy access to public transportation, and low crime rates. Even though you may modify the exterior appearance of your house, you can’t alter its location.
You will still need to find a market that allows you to purchase the house within your pre-renovation budget. The housing market is not easy to navigate nowadays, so research your locations well and reach out to professionals when you get stuck. To get you started, check out New Silver’s state-by-state guide for flipping houses.
Online resources like Zillow are easy to use and understand. Plus, it includes helpful tools—its Foreclosure Center, Home Sellers Guide, and more. Look for local foreclosure auctions on top of well-known internet real estate marketplaces. You might discover some hidden gems, but keep in mind that you’ll generally need to finance the auction houses in cash. Another alternative is to hire a professional real estate agent who specializes in property flipping. Make use of their experience and knowledge to assist you in finding your project.
Staying on track with your budget means that you must be able to figure out which renovations activities will consume the most of your money. Some projects are not worth the time and aggravation if you do not have the skills or resources to complete them yourself. This might include:
As this idea comes into fruition and you find a house to flip, look to Ocean Storage to help you stay organized. With 9 convenient locations in and around the Virginia area, Ocean Storage is your first stop for affordable self storage! Choose from amenities that include drive-up storage units, indoor storage units, temperature-controlled storage units and more! Additionally, for your security, all storage units are monitored via 24 hour security cameras, with personalized keypad access required at entryways. Feel secure storing your personal items at Ocean Storage in Virginia this year! Call or email any of our storage facilities today, or stop by in person and chat with our team of storage experts!
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.