Flipping properties has become a popular strategy for real estate investors looking to turn a profit. The premise is simple: buy a property, renovate it, and sell it for a higher price. However, the art of flipping requires careful planning, strategic decision-making, and precise execution. In this article, Shiwang Suraj, Founder & Director, InfraMantra delves into the essential tips for success in real estate renovation projects.
• Property selection: The foundation of a successful flip begins with selecting the right property. Look for homes with good bones and in desirable locations. Consider factors such as neighbourhood trends, school districts, and proximity to amenities. Additionally, assess the potential resale value and the level of renovation required. Remember, the goal is to maximize profit, so choose properties with the greatest potential for appreciation.
This story is from the June 2024 edition of Commercial Design.
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This story is from the June 2024 edition of Commercial Design.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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