Wednesday, November 4, 2009

Flipping Houses – A Handyman’s Work Of Love

Fixer upper homes are also known as handyman specials for a reason. This is because they are a source of income and satisfaction for a handyman.

A handyman, or someone who likes to make repairs himself and do various odd jobs, can flip houses for a living and as a hobby as well. Since the urge to fix something on your own is always there, repairing fixer uppers comes naturally for a handyman. That’s like being paid to do what you like doing. If that is the case, fixer uppers may also be called a work of love – a very profitable work of love.

But to earn more from doing their work of love, here are some tips handymen can follow whenever flipping houses:

Search for fixer upper homes that need only cosmetic repair. These are the homes that have unmaintained lawn, broken fences, and faded paint, among other “minor” repairs needed. If you’re a handyman, painting the house with a new coating will surely be a breeze. Make sure to clean the property before you open it for viewing.

Avoid houses that have structural problems. These are properties that will force you to change the roof, replace a concrete wall, among others. Such repairs, especially replacing the roof, are very costly and might eat up your budget for repairs. Remember, the less you spend, the better.

Check fixtures and replace them if necessary. A minor inconvenience like a broken bulb or a clogged sink can affect how a buyer will think of the property. Remember, you must convince your buyers that they can immediately move into the house and live these without hassles.

Lastly, go online and research more tips on flipping houses. Nothing beats being informed on what you’re doing. You can check RehabList.com and sign up as a member of the online network. RehabList has several articles tackling flipping houses and other forms of real estate investing. You can also click the Learning Center link, where you will find frequently asked questions and answers on what services and benefits you can get from the RehabList.com for free. You can also search for fixer uppers anywhere in the country through RehabList.

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