Buy a house or space It is a dream that is difficult to achieve; However, there are several facilities in the real estate market, but each of them is special for different situations and therefore, the range of possibilities is spectacular. Given this, a real estate trend arose House Flipping, which consists of obtaining a second -hand cas and restoring it.
This type of real estate supply is ideal for people who have saved some money, but is not enough to acquire A new house or a luxurious department. Keep reading if you want to know what you cost and how you can join the tendency of the moment.
House Flipping, what is it?
Simple. The trend House Flipping It consists of Buy an already built house regardless of the time that has been standing, as long as it is functional. So far it is nothing different from what we already know; However, the secret is that it is very cheap because it is in poor condition or very deteriorated.
But it is not that anyone access an «old» house, It is an offer for investors, which They remodel the house, They fix it and give it a second chance to be able to sell it at a higher cost to a user interested in it. This is not a bad practice, but is done from the expert eye, then that person who buys a house And remode it to sell it to a better cost, it resorts to architects, interior designers and engineers who make sure that the house is perfect, durable and comfortable.
The remodeling of a house can be the option to have a new home.Kenny Eliason / Unspash.
The House Flipping process
When an investor is interested in A house that requires reformingfirst you must evaluate it to know if it is possible to fix it without having to throw it and start it from scratch, otherwise, it is not a good option. He must immediately have specialists aware that they can give their opinion about it and achieve remodel the house As a profitable housing (speaking in every sense) and eventually, it is successful in the market.
House Flipping in Mexico
According to the Mexican Association of Specialists in Remodeling and Improvements, after the 2017 earthquake occurred in the country, initiatives were implemented for real estate companies will add to this trend and thus remodel the houses of those affected And in case they accessed, they could buy and sell them, giving them a percentage of the sale or, offer a previous amount.
Because this real estate option emerged in the late last decade, has had time to perfect processes and become more profitable in various areas. Even spaces such as Netflix have been created, where you can better observe the process that Not only includes house itself, but departments, chalets and even Villas, mainly in the country's metropolitan area.