Flipping homes is a popular practice. And when it is done right, buying a flipped home can be a good investment. We want to share home buyer tips: Lookout for these signs of a cheap flip in the real estate market.
But not all flipped homes are created equal. And if you want your home purchase to be a good investment, you need to avoid cheap, poorly done flips.
So how, exactly, do you do that?
A recent article from realtor.com outlined telltale signs of a cheap flip, including:
- No building permits. Without permits, there’s no way to tell whether the work that’s been done to a property is done well and to the proper standards. And is a major red flag that you could be dealing with a cheap, poorly done flip. As your Gainesville agent, we can help you verify all permits with the city or county.
- Flooring issues. Another sign of a cheap flip? Flooring issues can be a warning sign. Like flooring that’s different heights in different areas of the home or refinished hardwoods with bubbling or discoloration.
- Improperly installed windows and/or doors. New doors and windows can add value to a home—but only if they’re installed properly. If you notice that there are issues with closing and or opening the doors and windows in a home, it could be a sign of a shoddy flip job.
- Electrical and Plumbing issues. You can’t see what is behind the walls, and a thorough inspection is a must. Trust your agent to make sure you select the proper inspectors.
The Takeaway:
Buying a flipped home that wasn’t properly done can end up costing you significant time, money, and frustration—so when you’re looking at potential homes, make sure to know these home buyer tips and lookout for these signs of a cheap flip
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