search

Three Essential Tips for Fix and Flip Renovators 

The process of fix and flip renovation involves buying a property for a low price, renovating it, and then selling it for a profit. Television property programs have taken this method of investment to the masses. Yet these glamorous media treatments often gloss over the hard work and financial risk involved. Below, we give our three essential tips for fix and flip renovators. 

Understand the Seventy Percent Rule 

The seventy percent rule is the mantra of fix-and-flip renovators. It is a rule that helps house buyers understand what properties are worth buying and renovating for profit and which are best left alone. It states that buyers should pay no more than 70% of a property’s after repair value excluding the cost of repairs necessary for the renovation.  

When working it out, take the predicted value of the sale after renovation. You should then calculate 70% of this amount and subtract the repair costs. The value remaining is the total that you should pay. Of course, this is only a guideline. The home may sell for more, material costs may change during renovation, or myriad other factors could alter this. However, by using this approach you should be able to turn a profit if no unforeseen circumstances occur.  

Move Quickly and Smartly 

When you are looking for the right property, make sure you have the cash ready and waiting. This gives you some freedom when the time comes to make an offer, as it can be troublesome if you need to raise capital quickly. If you do, consider using other properties in the portfolio to finance your new project. Plenty of companies will help sell house fast and if you do your maths correctly, it could pay off if you work quickly enough.  They will often have sales closed in as a little as seven days, allowing you to free up money for your new project. 

However, don’t let money in your account burn a hole in your pocket. Keep the money sitting and take your time, looking for properties carefully. Educate yourself about local markets and where properties are in demand or rising in value. You may find out about developments like job opportunities coming to an area that could make it more desirable.  

When you do have the right property, lead with your head and not your heart. Remember it is an investment, not a property that is going to be for your habitation. Plan out your costs along with a timescale, and allow a 10% overspill for any cost rises or unforeseen circumstances.  

Factor Holding Costs into a Budget 

One factor many first-time house flippers overlook is holding costs. These are the costs involved simply from owning the property. This can either be in the period you are renovating it or trying to sell. Typical holding costs include bills, load repayments, taxes, and insurance. 

Don’t be afraid to change tactics during a renovation. You may find some changes are costly or impractical. Other reasons to change plans are if you find the property hard to flip and decide to rent it out for a year. There is no shame in this, as markets and plans can change quickly. 

The Art of Layering: Creating Visual Depth Through Decorative Objects in Interior Design

In interior design today, how you place decorative objects makes the difference between a good space and a great one. While architecture gives you the bones and furniture handles function, decorative objects create the personality and emotional connection that makes a space feel complete. This isn’t just about making things look pretty. It’s about understanding […]

Read More

From Manual to Modern: How to Install Keyless Entry Door Lock

Picture this: You’re juggling groceries, coffee, and your laptop bag while fumbling for house keys that are nowhere to be found. Or maybe you’re standing in the rain, patting down every pocket twice before realizing your keys are on the kitchen counter. We’ve all been there. It’s a common struggle that can turn a simple […]

Read More

Co-Working Spaces in India: A New Age of Work Culture

In recent years, India has experienced a significant shift in its work culture, driven by the rise of startups, freelancers, digital nomads, and hybrid work models. At the heart of this transformation lies the rapid growth of co-working spaces, vibrant, flexible environments that blur the lines between traditional offices and collaborative studios. But behind the […]

Read More

Top Kitchen Renovation Ideas to Elevate Your San Diego Home in 2025

For many homeowners in San Diego, the kitchen is more than just a space to cook — it is the heart of the home, where meals, memories, and connections are made. If you’re considering a kitchen remodeling in San Diego this year, you’re in the right place. The latest trends blend functionality, elegance, and California-inspired […]

Read More

12 Essential Metal Elements for Architectural Masterpieces

In the world of modern architecture, metal isn’t just about cold, hard construction. It’s about artistic vision, structural brilliance, and a dash of unexpected charm. As buildings evolve from mere shelters to bold statements of style and innovation, metal elements take center stage. They provide not only strength and durability but also the fine details […]

Read More

How to Excel in Your Next Interior Design Project with Advanced Tech Tools

Managing a client project or designing a personal space? What if I told you you can use advanced tech to expedite planning, visualise outcomes, and make better decisions? 3D walkthroughs, automated measurements, and even AI-powered recommendations now make it possible to create the best layouts without relying solely on mood boards and sample colours.  Solve […]

Read More

Farmhouse Designs in India: 15 Inspiring Styles To Know

The Indian farmhouse accommodation goes on to capitalize on a mature evolutionary synthesis of ancestral aesthetics and contemporary features. With this, the outside and the inside of farmhouses became places of comfort with nature. In this blog, we delve into 15 incredible farmhouse designs that entail a harmonious blending. While they exhibit different spaces in […]

Read More

20 Designs For Kitchen Window Over Sink In India Homes

When it comes to enhancing the kitchen window over the sink, various design ideas are possible to decorate Indian homes. From rooted in tradition to Western-style modular kitchens offer both functionality and attractive aesthetics. Apart from the sleek profile and raised breakfast counter, the kitchen window over sink is another spot to add appeal and […]

Read More

50 Timeless Pooja Room Door Design For Indian Homes

Indian homes place equal importance on pooja room door designs as they do on main door designs. With diverse and unique ethnic backgrounds, every family strives to reflect their personalities and identities in their designs. These identities can encompass religious or spiritual interests, local contexts, or other personal elements. This series of blogs, featuring 50 […]

Read More

50 Indian Door Design For Main Door To Enhance the Curb Appeal

The door design for main door is a defining feature of any Indian home, embodying both style and cultural significance. In a country rich with diverse architectural traditions, the entrance to your home reflects not only personal taste but also cultural heritage. Whether you’re drawn to the intricate carvings of traditional Indian door designs or […]

Read More
  • Transforming Outdoor Spaces: A Guide to Wall Lanterns

    15 Tips On How To Paint A Room To Make Your Home Colorful