Sunday, January 15, 2017

How to Flip Houses in Phoenix: Location, Location, Location

How to Flip Houses in Phoenix
How to Flip Houses in Phoenix
When looking at how to flip houses in Phoenix, it is important to remember that flipping houses is investing in real estate. If you’ve ever invested in real estate, you have heard the mantra “location, location, location.” As the mantra would imply, it simply means that if you took two houses that are the exact same structurally, they may be worth very different values based on their location.

Home value is not the only important thing to consider when prioritizing location. Houses in a better location will sell faster. There may be less crime in the better location. It is a better location even if the neighborhood is more scenic. The importance of location derives from the fact that you can change the layout, the look, and the house but you cannot change where the house is.

How to Flip Houses in Phoenix
How to Flip Houses in Phoenix
A good location has a handful of factors to consider. Is it a home that families would be attracted to? If it is, what is the school district like? Where is the town center in proximity to the neighborhood? Is it close to grocery stores? These are just a few of the many questions that can help determine whether the location of your home is a good one.

There are obvious locations to avoid when buying a home. Railroad tracks, commercial areas, high crime, and similarly run down areas are places to avoid. Many learning how to flip houses in Phoenix conduct their research with the price of the home being the key. However, there are many great deals in undesirable areas. Taking that house and sprucing it up will not change why it was cheap in the first place – it was most likely in a neighborhood or area that was a bad location, and future buyers may perceive this and avoid the home.


No comments:

Post a Comment