Tips to Maximize Profit with the House Flip

Flipping houses has become very popular and has sparked a number of television shows that gloss over the small details of what it takes to flip a house and maximize profits. If you aren’t willing to get a little dirty and invest your own time and sweat, be prepared to lose a significant chunk of profit to contractors. The more you take on yourself, the more profit potential.

I have been working with an investor for five years, helping him flip houses. During that time, I have identified a number of simple fixes that save time, trips and money when I first go to one of his houses to work. This article will give you a tip or two to save a buck and the basic contents of a house flipper’s essentials first day toolkit.

Baths and Kitchens

Two of the most important areas that can make or break the sale of a house are the kitchen and the baths. These can also be areas where fixture replacement can be expensive. However, just because fixtures look bad, doesn’t mean they must be replaced. Sometimes good solid cleaning strategies and a bit of elbow grease can make a fixture look renewed.

Baking soda and bleach are two components of the house flipper’s essentials kit. Baking soda is a low abrasive cleanser that can be rubbed into surfaces with a wet sponge and used like popular name brand cleansers. It works very well on stainless steel sinks, as well as on porcelain. It has the added benefit of being a deodorizer, so when you rinse it down tub and sink drains, it can eliminate drain odors, especially if a property has been sitting unused. It is also biodegradable. Bleach is an old stand by for getting out stains and sanitizing. Pour some in that ugly toilet bowl and let it sit for a few hours, then use a toilet brush to clean the bowl. You may have to do this more than once. Remember that bleach will remove color from things it comes into contact with, so be careful not to spill or drip it on non-colorfast surfaces. Both these cleaners can help to remove stains and grime from laminate and cultured marble counter and sink tops. Test laminate for color fastness in a hidden area, before using bleach.