Flipping houses in Denver, CO is quickly becoming the easiest way for people to get their feet wet in the field of commercial real estate. Denver, CO house flippers follow a simple business model, and can easily earn more from one sale than most people earn in a year. While every house flipping project is unique, there are a few things Denver, CO house flippers can do to reduce costs further, and improve the bottom line on every transaction.
Denver House Flippers Must Get An Inspection On Every House
Getting a home inspection on every prospective flip is not a law, but it is good business sense. An independent inspection can mean the difference between budgeting for cosmetic upgrades, and having to tear down and rebuild things like the foundation, plumbing, and roof of a house. A thorough inspection gives Denver, CO house flippers a better idea of how much money a renovation will cost, and how much revenue can be generated once everything is completed.
House Flippers in Denver Should Aim For More Than Just The Minimum
Pricing houses so they are in line with other comps in the area is great, but there are ways to squeeze out up to a few more thousand dollars out of listings. For instance, while many Denver, CO house flippers tend to lean more towards the cheapest fixtures and surfaces they can get away with, that can actually ruin a transaction. Home buyers notice quality. This does not mean every house has to contain gold fixtures and Italian marble. However, by using things like engineered flooring with a hardwood finish, mid-range kitchen surfaces, and even energy saving water heaters, Denver, CO house flippers can increase their listings by a healthy amount, and potential home owners will be happy with what they are receiving.
Presentation Plays a Bigger Part Than You Think
Much like fine dining, the presentation of a home can influence buyers. While conventional thinking would state that an empty house would allow potential buyers to use their imaginations on a blank slate, that is not always the case. Renting nice furniture and decorative pieces to create suggestions of what a living room, bedroom, or kitchen could look like, makes people more willing to take the plunge and make a house their own.
Financing Your Next House Flipping Project
WN Financial Solutions helps Denver, CO house flippers with everything from acquisitions to renovations, and even staging. We offer the most favorable terms and rates, and we eliminate the red tape involved with financing. Contact our offices today to learn more.