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Should I add onto a property I'm intending to flip?

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  • Videojug
  • Videojug
  • 7:30
  • Yes
  • 360p
  • 640x360
  • Flash
  • h.264
  • 900kbps

Should I add onto a property I'm intending to flip?

Michael Corbett (Real Estate Expert) gives expert video advice on: What flooring improvements add value to a property?; What floor plan improvements add value to a property?; Should I add onto a property I'm intending to flip? and more...

Here's my biggest tip for people who are going to go ahead and fix up a house; don't buy a house if you think you have to make money by only adding square footage. Never add square footage on a house that you're going to flip. Why? Because you never know how long the process is going to be. You're working with your city now, you're working with an architect, and you're working with plans. It adds in an element that you can't control. It ruins your timeline, and one of the biggest things that you have to keep control of when renovating a house is your timeline. And if you have no control over that, then you have no control.

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