If you are new to the real estate industry, how can you find houses to flip? Before you start this big project, look through our house flipping tips from Stirling Storage in Phoenixville, PA. We are a local self storage facility, dedicated to helping you through life’s largest transitions. Check out these resources to locate your ideal neighborhood and find your fixer upper!
If you’re thinking of house flipping, it’s important to do research on different neighborhoods. They can present well at first glance, but it is worth it to conduct your own research and look at the statistics before honing in. You will want to look for areas with manageable cost of living. Those costs will not only affect your buyer down the line, but they will also play a large role in the initial purchase of the house.
Pay attention to the needs of your potential buyers. Low crime rates and well-rated school districts will be attractive to buyers, especially to families. Commuters benefit from easy access to public transportation. Ultimately, your neighborhood places a large role in the appeal of the house, so spend some time looking at the facts. New Silver Lending can get you started with its state-by-state guides to house flipping.
When you begin your search, do not be afraid to try traditional methods, as well as popular modern ones. A convenient starting place is online real estate marketplaces, like Zillow, Realtor.com, and Trulia. These are easy to use and include helpful resources for navigating different steps in the house-buying journey. Zillow, for instance, offers a Home Sellers Guide and Foreclosure Center that would be particularly beneficial for house flippers. If you prefer to have a second set of eyes look over the homes with you, find a real estate agent that specifically works with house flippers. They know what to look for and what to avoid.
Speaking of what you do not want in a house—some renovations are going to be deal breakers, and you need to identify those ahead of time. Think about the remodeling and construction capabilities of your team. Some fixes are going to require hiring professionals, which will quickly eat away at your budget. Steer clear of these issues to keep your house-flipping budget in check:
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Once you find a house to flip, let Stirling Storage help you take control of your renovations. By renting self storage nearby, you can organize furniture, secure materials for later, and maintain a clear workspace. Located on Kimberton Road in Phoenixville, PA, we offer a wide range of indoor storage units to serve you. Look through our contactless storage rentals to find your storage solution, or come down to our office to talk through your situation with one of our professionals. Finding storage is easy with Stirling Storage!
About the Author: Katie Mest is a Content Marketing Specialist at Storage Asset Management in York, PA. She specializes in writing about the self storage industry, including storage tips and helpful resources. Outside of work, Katie enjoys spending time exploring the outdoors and snuggling in with a crochet project and her cat, Billie.