Flipped houses, have in some circles become a dirty word. People sometimes shy away; afraid of what they might not see behind the high gloss facade. In a microwave culture it is easy to understand that the longer a house sits on the market, or sits while being repaired money will be lost. What if profits weren’t the only goals of the company? Not all flips are a flop. So what do you need to know before buying a house that has been flipped?“When looking at flipped houses, you might notice poorly designed kitchens (ie – cabinet doors / drawers that are blocked by other cabinets), nail holes that aren’t filled, appliances installed without an outlet to plug them in to, and loose / unsecured countertops or base cabinets. Bathrooms will often have vanity cabinets that are way too small for the space because the flipper bought the ‘special buy’ vanity, top, and faucet combo on sale at whatever home improvement store was close.” article by Star TribuneAt Down Home Investments we agree with the points in this article; however not everyone who flips houses has the motive of dedication to the future buyer. We offer full disclosure and transparency through the entire process of our restorations. Below is a checklist that should help anyone who is interested in buying a home that is not new construction. Often times we look at flipped houses as problem houses, however buying a flipped home rather than new construction will always have potential pitfalls, and problems to look out for prior to making your purchase. In all fairness new construction homes need to be looked over carefully as well as not all contractors are created equal.I have heard it said that there are two types of house flippers; There are the ones that do the bare minimum, to turn the most houses, as quickly as possible. They may look nice if you walk through quickly, however a closer look reveals unfinished work. (ex. faucets not attached) and cheap workmanship. They are the types that give home renovations, and flips a bad name. There are also the good home flippers, or home renovators. So here is a list to get you started:
What repairs have been made?
Was the work performed by licensed professionals, and is it up to code?
What does the inspectors report show
Has the home gotten a clean bill of health? Meaning is there any mold or other hazardous issues?
What is the condition of the heating and cooling systems?
Check for yourself:1) What is the functionality of the home?2) Will the space work for you and your family?3) Are there many things you would have to change in order to be happy in the home? 4) Does the craftsmanship look good?Here at Down Home Investments we hope that these checklists are a good first step and start to your search for a new home. We would love the opportunity to help you find a home that fits your family, commute, and lifestyle. We put the work in on the front end by purchasing homes that have a good solid structure with a great potential for renovation and upgrades. You won’t find cut corners, as we use the same professional contractors that work in the new construction area as well. We will be up front about all repairs made. We aren’t here to just make money, we are here to create homes families can afford and enjoy.