There’s no shortage of TV shows that show how “easy” it is to flip a house—but should you really buy a property that someone bought as investment, improved, and is now selling?
Unfortunately, there’s no one-size-fits-all answer to that question, but here are five red flags that should send you running in the other direction if you’re thinking about buying a “rehabilitated” property.
House Flip Red Flag #1: Bad Flooring
Check the floors to see if they’re even, or if the trim isn’t quite matched up to where the floor is supposed to be. That can be a sign that the investor cut corners while improving the house—and you could end up paying for it in the long run.
House Flip Red Flag #2: Bad Layout
When you improve a house, you want to improve its layout, too—but sometimes people who flip houses use an existing (and bad) layout just to save money. How’s the traffic flow in the home? Is the kitchen laid out so you can actually use it? These things make a big difference after you move in, so make sure you’re happy before you buy.
House Flip Red Flag #3: Check the Outlets and the Wiring
Sometimes flippers will cut costs by performing their own electrical work or hiring someone on the cheap who may not know what they’re doing. There are safety codes in place for a reason, so make sure your home inspector checks the electrical system before you get attached to a house.
Are You Buying a Home in North Florida?
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Call us at 386-243-0124 or if it’s easier, contact us online. We’ll begin searching for your new home right away.
You can also explore these links to start your search:
- Water Front Residential
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- Short Sales
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