![]() House flippers have to have a finger on the pulse of their local market. You can spend thousands renovating a home in a style that you find to be ideal only to discover that it’s not what buyers like. ![]() Mistake #2 - Not Knowing What Local Home Buyers Want Using quality materials is always a good idea, but there’s no need to install radiant flooring, a saltwater pool and marble showers in a neighborhood with $300,000 homes. The best strategy is to make the home comparable to other top-selling homes in the neighborhood. However, in most cases making a flip better than any other home on the block doesn’t have the biggest return. In some high-end markets and neighborhoods, it’s virtually impossible to over-improve a property. Over-improving basically means going overboard with improvements and/or using materials and finishes that are more upscale than they need to be. Save yourself the money and angst by avoiding these 10 common house flipper mistakes. ![]() Unfortunately, many house flippers make costly mistakes, especially when they’re just starting out. Playing your cards right as a house flipper means making a lot of sound decisions.
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