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nope never seen a flipped house that was fixed with out the cheapest way of doing things. they usually don't totally fix issues they just bandaid them.
No I would not buy a flipped house. My brother-in-law and his wife bought a flipped house last year. Boy it sure did look pretty on the inside, granite countertops, New paint and carpet, but underneath all the cosmetic stuff this house is a hot expensive mess. Problem after problem as the A/C units failed, electrical issues, the flooring they did is uneven and cracking. I will not make the same mistake they did.
I don't see the point in paying the hefty premium to a flipper when we could do the same things ourselves, to our taste. Sure, we may not be able to do every room right away but that's okay. In the long run, it's better value. Buying a flipped home is like buying a new car: all the premium is in the newness.
You have to be cautious with all home purchases. I'm not seeing the difference.
Generally agreed.
We get to see some amazing stuff in houses that are not advertised as "totally renovated."
Buyers absorb a lot of the responsibility when they fall for new granite, tile, hardwoods, and SS as primary indicators of quality.
"Beauty is only skin deep, but Ugly goes to the bone."
You have to be cautious with all home purchases. I'm not seeing the difference.
To me the difference is that flippers tend to do cosmetic things and not take care of underlying problems. You wind up paying a premium for HGTV grey walls but nothing behind them is upgraded, so you wind up putting a hammer to them anyway.
I remember watching one of those flipping shows. A woman advises everyone on the flips. On one episode the flippers were going over what they were going to do. The woman that runs the show mentions to them, "If they tear open a wall and it turns out that the plumbing or electrical is bad then they would be required to fix it. She told them it is better for them not to get so involved. The point was once you know about a problem then you are required to fix it. If you buy a flip and have no idea what is wrong, clean it up, new pain, and sell it then you are in the clear. You can not disclose what you do not know about a property. On the business side of things that makes sense. But I sure do not want to live in a home like that.
We bought a flipped house but only because it was the only house we looked at that we fell in love with. We also knew the risks going in and were prepared to put some money into it. The flipper did a lot of nice cosmetic work, but we spent a good deal on plumbing, electrical and HVAC including ductwork. The house itself was well built and structurally sound so it was worth it to us, plus we got a good deal on it at the time.
I would never again willingly buy a flipped house though. This one was an exception.
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