How to Find Houses to Fix and Flip in Souderton, PA
Where should you begin to look for houses to flip for your first fixer-upper? Home improvement shows may make house flipping look super easy, but it’s a challenging undertaking! If you’re ready to take the leap into real estate investing, check out TNC Self Storage’s guide on how to find houses to flip in Souderton, PA.
A Beginners Guide to House Flipping
Choosing the Right Market
Selecting the wrong market can turn your house flip into a flop! Home buyers are not only looking at the house itself, but also at the location. Evaluate the area’s cost-of-living, school district, safety, neighborhood appeal, and access to public transportation before settling on a house.
Some markets are pricier than others. If you’re on a tight budget, be sure to choose a market that allows you to stay within your pre-renovation budget. The housing market can be challenging, especially today. Learn more about the housing market with New Silver’s state-by-state guide for flipping houses.
Finding the Right Fixer-Upper
When looking for your first fixer-upper we suggest searching on Zillow, an online real estate marketplace. Zillow is easy to navigate and offers resources like their Foreclosure Center and Home Sellers Guide to help home buyers and sellers. If you’re looking to purchase in cash, foreclosures tend to be very affordable investments. You can also search auctions for these diamonds in the rough. If you’re feeling overwhelmed, consider working with a real estate professional. Real estate agents not only make the buying process easier, but they can also ensure you get top dollar for your flip when it’s time to resell.
Renovation Tips
Once you find the right fixer-upper, it’s time to get down and dirty with the renovations! From choosing paint colors and flooring, to light fixtures and countertops, renovating can be a lot of fun. Just be careful not to get in over your head with renovation projects that are too costly or time consuming. If a home is in need of any of the following, we’d advise choosing another investment property.
- Structural Repairs to the Foundation
- Extra Space in the Kitchen or Bathrooms
- Brand New Plumbing
- More Things to Avoid
Rent a Storage Unit with TNC Self Storage in Souderton, PA for Extra Space
Don’t underestimate how many tools and materials are needed to successfully flip a house, especially if you’re taking on much of the manual work yourself. Rent a self storage unit to safely store your equipment in between flips or to hold furniture and décor for staging your house. You can rent your unit contactless free online. If you prefer to tour your unit first, our storage experts are on-site to show you around and walk you through the process. We offer temperature-controlled storage units to keep delicate items safe, as well as drive-up storage options for easy loading and unloading. Our facility uses digitally recorded cameras and monitored gate access for added protection. View our available storage units in Souderton, PA.
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Paige Weary
About the Author: Paige is the Reputation Manager at Storage Asset Management in York, PA. She is a self storage industry specialist with an appreciation for a good self storage pun. During her downtime, Paige enjoys weight training, kayaking, and losing herself in the pages of a captivating book.
