Tell me about "FLIP HOUSES" (sale, price, inspectors)
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I am not sure what you are asking. More details, please.
What other things could be an issue if it is a flip? What about dust/debris/lead paint dust, etc since it was newly renovated? I have a young child so this absolutely concerns me. Hidden issues, structural issues, etc....since it was newly and quickly renovated.
Flip houses are fine as long as you get an inspector, like you would on any other house that you would consider buying. They are not better or worse. If you are concerned about dust, etc. have the ducts cleaned professionally or work it into the offer. As to lead-based paint dust, you still haven't given enough details - was it built before 1978 - and if so, how much so.
Don't home inspectors check for lead paint? I thought they did.
Not a general home inspector. If the house was built before 1978, then it is assumed it may have lead paint. The buyer is advised to hire a specialist certified in lead testing methods if that is a concern.
Well, you can sort of tell it's a flip by looking at the date it last sold. It it was only a few years ago, and the house is all renovated, it's probably a flip. I would worry more about the stability of the neighborhood in that situation. I like neighborhoods where people own their homes for years and stay once they buy. But that's just me....a flip doesn't have to be a bad thing. In fact, if the updating is all done, you can just move right in, so that's a strong positive. The home inspection results are key.
Well, you can sort of tell it's a flip by looking at the date it last sold. It it was only a few years ago, and the house is all renovated, it's probably a flip. I would worry more about the stability of the neighborhood in that situation. I like neighborhoods where people own their homes for years and stay once they buy. But that's just me....a flip doesn't have to be a bad thing. In fact, if the updating is all done, you can just move right in, so that's a strong positive. The home inspection results are key.
True. And you can look into the lead-based paint thing by looking at the year it was built.
I can't say I've been blown away by the flips I've seen. The profit motive is stronger than the pride in ownership and it shows in the remodeling. They were updated, and adequate, but they had a feel of "this on sale at Home Depot" and not "this is what I would want in my home for years to come."
I can't say I've been blown away by the flips I've seen. The profit motive is stronger than the pride in ownership and it shows in the remodeling. They were updated, and adequate, but they had a feel of "this on sale at Home Depot" and not "this is what I would want in my home for years to come."
Being the reason for flipping is to make a profit I would think the profit motive would be much higher than the pride of ownership but they also have to compete with all the other homes on the market so they either need to have similar amenities or a lower price. The buyer decides from there which they go with.
My last flip I replaced carpet with laminate wood floors, put in all new light fixtures which were not on sale at Home Depot, they were on sale at Lowes, replaced sliding doors out to the pool with french doors, etc. No, not top of the line but decent products and I was able to offer someone a nice home at a decent price.
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