San Diego Real Estate Flipping Tips
Posted by JD Esajian // February 2, 2011
If you’ve ever seen an episode of Flip This House, then you might be curious about how real estate flipping works. Particularly in the San Diego real estate market, flipping a house can be a great way to make a quick profit. If you’ve ever wanted to get into flipping a foreclosure, then try these San Diego real estate flipping tips:
- Focus on curb appeal. It’s corny but true: “The grass is always greener on the other side.” If your grass is the greenest, your home will sell much more quickly. Curl appeal is a huge component of making your flipped home provide a quick return on investment. According to the cast of Flip This House, you should be putting 8-10% of your total budget into landscaping.
- Make it structurally sound. While it can be tempting to make only superficial changes, if the house isn’t structurally sound, today’s savvy buyers will find out. Although it may cost more in the short run, you’ll more than make up the time and money you put into it.
- “It’s not me, it’s you.” It can be hard to step away from your own tastes when it comes to real estate flipping. In San Diego, especially, there’s a lot of pressure to make a “dream home.” Keep in mind, however, that your potential buyer may hate the color of the carpet or the shape of the huge window feature you put in. Design with your buyer in mind.
- Stay classy, San Diego. This goes hand-in-hand with the previous tip. Stay classy, neutral and timeless when you’re flipping a home in San Diego. When you’re turning a foreclosure into a treasure, it’s important to remember that people are looking to put their own personality into the home. Focus on features that add value, rather than artificial renovations.
If you’re in San Diego, you can make big bucks by getting into the real estate flipping business. Keep these tips in mind next time you’re looking to flip a home for profit.
Have you flipped a home in San Diego? What is your top tip for other flippers? Share below in the comments!
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