THIS SEASON, GIVE THE GIFT OF HOPE!

From November 1st through December 31st, we will accept donations for St. Jude Children’s Research Hospital. 100% of your donation will go directly to St. Jude. Contact our Store Manager to place your donation at our storage office today!

How to Find Houses to Flip
May 24, 2022

How to Find Houses to Flip in Farmville VA

How do you find houses to flip as a beginner? The process of buying fixer-upper homes to resell, known as house flipping, has gained popularity in recent years thanks to design and home improvement television shows. It comes with big risks, but it can lead to big rewards if you are willing to put in a lot of hard work. If you are someone who is feeling inspired to give house flipping a try for yourself, follow Storage Depot of Farmville’s tips below to start searching for your potential fixer-upper! 

How to Find Houses to Flip
How to Find Houses to Flip Near You

How to Find Houses to Flip 

What factors should you consider while determining whether or not you’re looking in the proper market to successfully flip houses? You should think about variables like the cost of living and the appeal of the neighborhood to a house buyer. Consider your buyer’s entire family needs, especially if you want to sell a bigger home. Look for schools that are good, accessible public transportation, and low crime rates. After all, even though you can modify the exterior appearance of your property, you cannot change its neighborhood.

You will still need to find a market that allows you to purchase the house within your pre-renovation budget. The housing market is not easy to navigate nowadays, so research your locations well and reach out to professionals when you get stuck. To get you started, check out New Silver’s state-by-state guide for flipping houses. 

Where to Find Fixer-Upper Homes 

Online resources like Zillow are easy to use and understand. Plus, it includes helpful tools—its Foreclosure Center, Home Sellers Guide, and more. Search local auctions for foreclosures on top of well-known internet real estate marketplaces. You may discover some gems, but bear in mind that you will generally need to pay for auction houses in cash. Another alternative is to hire the help of a professional real estate agent who focuses on house flipping. Take advantage of their assistance and experience; concentrate on your home renovation instead!

What to Avoid in Your Searches 

Staying strict on your budget means that you need to be able to identify which renovation tasks will eat away at your funds the most. Some projects simply are not worth the time and frustration if you do not have the expertise or capabilities to take them on with your own resources. This can include: 

  • Structural Issues in the House’s Foundation 
  • Inadequate Kitchen and/or Bathroom Space 
  • Water Damage and Broken Plumbing Systems 
  • And More

Organize Your Home Renovation with Storage Depot of Farmville

As this idea comes into fruition and you find a house to flip, look to Storage Depot of Farmville to help you stay organized. Located east of Richmond, Storage Depot of Farmville is your first choice for affordable storage units in Farmville, VA. Choose from features that include drive-up storage units, temperature-controlled storage units and more! Additionally, this storage facility offers U-Haul truck rentals to customers. Pick up everything you need for a successful move in one convenient location. Call or email our storage facility today, or stop by in person and chat with the team of storage experts at Storage Depot of Farmville!

Follow our Facebook page for more tips!

  rent storage online

 


Katie Mest Avatar

Katie Mest

About the Author: Katie Mest is an SEO 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 camping, hiking, and exploring the outdoors with her newly adopted Greyhound rescue, Titan.