Should You Buy a Flipped Home?
Filed under Buying a home on Mar 17,2022 | Tagged in: flipped home
If you’re in the market to buy a home, you’ve no doubt come across a flipped home. This is typically an older home recently purchased, renovated and put back on the market. Flippers will usually update the home with new appliances and countertops, an open floor concept, new paint and sometimes new plumbing and fixtures. Exterior elements may also be upgraded. Buyers can enjoy a move-in ready home, and sellers can earn a profit. But is a flipped home right for you?
Laurie Davis, writing for Porch, offers a basic guide to evaluating a flipped home purchase. She suggests that before you fall in love with the snazzy new backsplash and shiny wood floors, be sure to pay attention to the location, the home’s history, and the home’s true condition. That means having a thorough inspection. Read the article for all of Laurie’s tips. For advice on finding the right home for you (flipped or otherwise), trust the Vanguard Realty Associates team!