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Thinking about flipping a home in Flesherton?



February 18, 2012


Flipping houses is always a hot topic in Flesherton, Durham, Markdale and Eugenia. With our thriving diversity, small town atmosphere, and our proximity to Toronto it has become a destination for many people looking to invest and/or make it their home.

Here are some important facts we would like to share with you as part of our professional knowledge of the Flesherton area:

DO THE MATH!

In 2001, 9 homes sold with an average list price of $101,411 and sold for $95,988. In 2006, 14 homes sold with an average list price of $142,928 and sold for $133,571. In 2011, 9 homes sold with an average list price of $220,255 and sold for $209,666.

You do the math!

THE NEIGHBOURS WILL THANK YOU!

If the house you are looking at is run down, also known as a diamond in the rough, then fixing it up in a neighbourhood where homes are already updated will help add value to your renovation when you are ready to sell.

TAKE THE TIME TO DO IT RIGHT!

Rushing the renovation could result in poor workmanship, the consequences of which would see your investment sit longer on the market. The outcome could cost you more than doing it right the first time.

THE KITCHEN!

The kitchen is the central room in every house. Whether it's breakfast, lunch, after school, before dinner or a party - the kitchen is the main attraction! Take the time to plan out the space and modify it with a modern kitchen. The cook will thank you.

THE BATHROOM!

The bathroom is another important overhaul that buyers look for - a room that they don't necessarily want to update themselves. A good bathroom renovation will accommodate today's families and provide a good return on your investment.

AN EASY FLIP!

Keep your eye out for properties with good layouts that can be easily updated with new paint, interior doors and trim. You may get lucky and find a home that's a good price and only needs finishing touches, adding tens of thousands of dollars with minimal investment.

A THOROUGH INSPECTION!

Taking the time to have a proper home inspection completed on the property before your purchase can save you thousands of dollars in the long run.

HAVE A BUDGET!

Planning with a budget in mind will ensure profits in the final sale. Always leave room for hidden costs. Keep in mind, hidden costs can add up quickly so you may have to make a decision to sacrifice something else.

IDENTIFY YOUR POSSIBLE BUYERS!

Different neighbourhoods around Flesherton, brings different buyers. Design the home with the needs and likes with the buyer in mind. Ask us at Hillside Realty - we'll give you an honest opinion of the Flesherton Area!

MAKE SURE IT HAS CURB APPEAL!

We can't tell people enough how important curb appeal is! A home with curb appeal will entice people within 10 seconds of pulling into the driveway. Without it, people will drive past looking for the next house.

KNOWLEDGE OF CONSTRUCTION!

When selecting your REALTOR®, ask them what experience and knowledge they have with fixer uppers.

LIST OF CONTACTS!

Ask your REALTOR® for a list of contacts. At Hillside Realty, we live where we work! We know the area and that makes it easy for us to assist home owners with many different requirements.

Buying or Selling Grey Bruce Real Estate

Always remember a Real Estate Agent should ensure that both the buyer and seller have the most recent and accurate information.

At Hillside Realty our mandate as professionals – pledge to work hard, be ethical and provide our clients with the most up to date and correct information that we have in our resources that is not readily available to the general public.

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