Rehabbers: Your Neighborhood’s Accidental Superheroes

Flipping houses benefits the whole community where the undervalued property is located, would you believe? This new boom in the real estate market may make you rich if you’re a seller, that’s already given. But have you ever thought that flipping houses could actually earn you gratitude from the community?

While it is unlikely their primary intention, “rehabbers,” or those who flip houses, are actually doing a bit of good for the neighborhood. Under the “broken windows theory,” rehabbers are actually preventing possible criminal activity from taking place.

Under the theory, a broken window will likely invite vandals to break another window of the property. More and more windows are then broken before vandals consider breaking into the property. Activities like drug trade and prostitution might take place inside the property, and before anybody knows it, squatters are already living in it as well.

As an analogy, imagine a piece of trash thrown in a sidewalk. People see it and think it is okay to throw litter in the area. Before you know it, the whole sidewalk is filled with garbage.

As we know, a form of flipping houses – fix and flip – may refer to buying an undervalued property, repairing it, and then selling it for a bigger value. Houses bought in this kind of flipping are usually undervalued because they are just inherited or are in need or repairs.

For many, it is easier to sell an inherited home and earn a little profit from it than leave it until it deteriorates. As for houses in disrepair, the owner would often sell the property for a small amount and move to another house or probably just rent a better place. These houses may have leaking roofs, clogged pipes, washed out paint, or “broken windows.”

It is a rehabber’s job to assess the property and buy it at a low price. He has many options such as sell the house to another buyer with a small profit or have the property repaired before selling it. His intention is to own profit in the process.

Perhaps unintentionally, the rehabber also helps prevent the property from having more “broken windows.” Once bought, the vacant property is repaired and renovated. This may discourage vandals from breaking more windows, breaking into the house, and breaking laws while inside the property. Fixing the property means not leaving it vacant and in a state that may attract vandalism, which in turn may lead to crimes.

Having it repaired also means you are spurring jobs. If the water pipes are clogged, then you will provide some income for a plumber. If the paint is faded, then you give a job to a painter, and so on.  Rehabbing houses is actually productive in the sense that it generates income for those who probably need it the most like those who do odd jobs.

Your also doing the community a little favor by beautifying an otherwise dilapidated house. They will have you to thank for that. (At least until the new owners occupy the property.)
So if somebody told you that flipping houses is rewarding, well, it actually is, and in many ways aside from filling your bank account.

You may visit RehabList.com to know more about the business of flipping houses. Whether a newbie or a veteran, there is always something to learn from RehabList.com. If it’s about flipping houses, it’s in Rehablist.com.  So go on, learn how to flip houses today and earn big bucks while being the accidental superhero of your neighborhood. Check out Rehablist.com today!