When you first start your home-flipping business, you will soon learn that completing a successful project takes more than finding the perfect property. You will most likely have to work closely with a contracting company for some of the major repairs and renovations, but in order to contribute to the project, you will have to get your hands dirty, meaning you will probably need to learn a few new skills. In today’s post, we will discuss a few essential skills that every house-flipper should have in order to see their project through to the end.
Many people have decided to make a living flipping houses, and if you’re one of those people, then you need all the tips and tricks that you can get to ensure that your business is successful. At Rehabs 2 Riches, we have the answers! Our founder, Alton Jones, is a best-selling author who has years of experience flipping houses. He created this program to share his knowledge with those who are looking to make a successful career. Rehabs 2 Riches offers a house-flipping seminar in addition to partnership programs. If you’re someone looking to hit the ground running with your home-flipping business, contact Rehabs 2 Riches to get started today!
Know Your Strengths and Weaknesses
The first skill you need to master before you get started with your business is the skill of knowing your own strengths and weaknesses. Not everyone is going to be good at everything. There may be some house-flipping businesses where the owner is really good at finding great deals, while you may excel at bringing out the unique character of a property. The important thing to remember is that you will run into areas where you are not the expert, and it is okay to turn to a contractor or a plumber to help you get the job done.
With that in mind, one skill that you can easily master is painting. Every house-flipper should have the skills to pick up a paint brush or roller and successfully paint a wall. The best part about painting is that you only need a few select materials and those materials are usually inexpensive.
Once you have the right materials, there are a couple ways that you can start your project. You can either begin by painting the edges and then move on to the rest of the wall, or you can do the opposite. The choice is up to you! The best part about painting is that it requires very little skill and once you start you can only improve.
Tiling is another skill that is good to have when you begin a new flipping project. Nowadays, you don’t see very many remodeled homes with carpet. Instead, most renovators or flippers will replace carpet with either hardwood floors or tile. Tiling is a simple skill to acquire, and with a lot of practice, you can become a pro at tiling floors, bathrooms, and even backsplashes. All you have to do is sign up for a class at your local hardware store, or you can even watch videos online to learn the basics.
You may find that for a lot of your projects you will need to update or repair the plumbing. For this reason, it’s a good idea to have a basic understanding of the basics of plumbing. That being said, there will probably be some projects that require the expertise of a professional, but for the smaller situations like replacing a pipe, having the basic knowledge to tackle the job may be preferable to having to spend more money to hire a professional.
Updating the electric or replacing ugly light fixtures is common practice when it comes to flipping houses. Much like plumbing, there may be some projects that require advanced knowledge, in which case you should call a professional. However, replacing light fixtures only requires a basic skill set, and you may find that having those skill on hand will save you money and time down the line.
Learn More Tips and Tricks from Rehabs 2 Riches!
It’s a good idea to have a few skills up your sleeve before you start your home-flipping business. Luckily, Rehabs 2 Riches can help give you the knowledge and skills you need to make your new business a success. If you’re interested in starting a career flipping houses, visit Rehabs 2 Riches to get started today!