The hottest trend in real estate right now is FLIPPING! For those unfamiliar with the term, “house flip” it refers to the process of buying a fixer upper for the best price you can and fixing it so you can sell it for a profit. We’ve seen it all out here when it comes to Tucson house flipping. Investors have made large and easy profits buying properties on the low and leaving very little profit for the poor guy that buys it to do the work. The real estate market can be hit or miss and CAN be very risky. We’ve been $20,000 OVER budget on one single property before. Without the proper knowledge you can really find yourself up a creek. Understanding the Tucson market while simultaneously figuring out a property’s potential value before investing can mean the difference between profit and loss.
Experienced flippers will look for Tucson properties that are in bad shape but placed in attractive neighborhoods. Knowing the market will help you know what you can sell your listing at with the right updates.
Unskilled workmanship is common and stands out in a bad way so let us know if you need any referrals for a great contractor or sub-contractor right here in Tucson. Like renovations, trusting inexperience when trying to find a ‘deal’ out there can lead to false potential profits. Create a partnership with us here at Social Real Estate AZ and we can help you find exactly what you’re looking, help you work the numbers, manage the project, find the money, whatever you need, let us help! We’re just a click away.Before the remodel, walking in from the back door took you right into a weird wide room with six closet doors and an open door frame to the back storage room. We decided to remove the closet (s), close off the entrance from the house into the storage room and add a window and 4th wall. We came out with one more bedroom and one less awkward storage hallway.
Some might say trash, but all kinds of treasures are left behind when we take over an older home for it’s makeover. This was a special find for me as it’s the same thermostat that graced the hallway in my childhood home back in Oregon. I’m nostalgic at heart and had to take a picture of the old thing before it’s modern digital replacement came in. Times sure have changed.