In Washington, DC the act of buying and flipping real estate has been
refined to a fine art form. More and more people are making their
fortunes in the Washington DC real estate market and its a simple truth that it can be
done by anyone. It takes a great plan and some money to invest, but if
done right the rewards can be astounding. No other area of dc real estate investment
has consistently shown such a high profit margin and such a pattern of
growth.
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| Fix It Then Flip it in DC |
So what does it take to successfully fix & flip a home in DC? This depends
on you. Are you a bit of a handyman? Or could you cut off your own
finger with a spoon? If you are the latter you may want to engage the
services of a contractor, it will likely save money, time and band-aids.
Whether you choose to DIY or to hire someone to do the fixing aspect of
this there are a few things they almost all fixer-uppers will need.
Paint is the most likely of these suspects. Most older homes for sale in DC have a
somewhat neglected cosmetic makeup. A new coat of paint both inside and
out can take years off a homes appearance and add nicely to its value.
One place that usually needs a bit of love is the kitchen. As the
highest traffic area in any home, kitchens can deteriorate faster than
any other room. If you are looking for a quick way to increase your
asking price, install all new appliances and redo the counter tops and
cupboards. A modern and inviting kitchen is a great selling point.
If you have purchased a home as a “fixer-upper” chances are there are
some aesthetic improvements that are going to be essential in terms of
the property itself. To take care of the yard bring in a landscaper to
create a new and dynamic flow for the property. New plants and flowers
add a beautiful touch to a yard and can be one of the most inviting
aspects of a home. The exterior of the houses for sale in DC are critical as the “visual
impact” can make or break a sale. Just remember, the new asking price
must justify the improvements that you have made. So never forget to
plan your improvements carefully.
