FLIP Your Own Home

​by Chris Doering

Most of the time when you here about someone flipping a home it's a savvy entrepreneur, real estate developer, or a house flipping specialists. They look for a home that is referred to as a fixer upper that they can get at a good low price, invest into it to bring it up-to-date, and then sell it at a profit. That's the simple explanation. There are a lot of financial considerations when it comes to the house flipping process.

So what do we mean by flipping your own home? In our case we're not really relying on finding a fixer upper, we're looking for a home that has a high ceiling. That high ceiling is like a vacant lot hovering overhead. READ MORE BELOW

BEFORE

Most of the time a house flipper will look for a fixer upper. However, our flipping models are not in low cost areas. Most of the homes that increase in value are already very nice homes in good shape. 

Our flipping model is any two-story home with a high ceiling. We design and add the new structural floor system in a relatively short period of time. We might be adding 200, 300, even 600 square feet depending on how much high ceiling space is in the home. Adding that much square footage adds a tremendous amount of value to the home.

If you're planning to sell in the near future you can consider converting your high ceiling into new square footage first before you sell. 

TRULOFT can provide you a quote to help you determine if this is going to be worth the investment. Different areas have different building costs and different home prices. 

AFTER

Whether you covert-to-sell or convert-to-stay it's usually worth it either way.