Renovating a Home with Mold and Water Damage

House flipping is still pretty popular, but as more and more people discover that the whole flipping enterprise is not as easy as the television shows make it out to be, less are getting brave enough to venture into it. Anyone that does their research and makes informed decisions before trying to flip a property should do just fine in this business, but as some shows will let you know, not everyone falls into this category. If you are seriously thinking about getting into flipping homes for some quick cash, you have got a lot of homework ahead of you.

Take some real estate classes at your local community college if they are available. If they are not, no one says that you have to have a degree in real estate to flip a house. Get online and do your research there, but make sure the sources are credible.

Researching the rules of real estate for your local area is not the only thing you need to do; you will also want to do quite a bit of research into the more handy aspects of the project. Outsourcing all the work that needs to be done to the home will eat up your profit a lot faster than you think it would, so consider trying to do a lot of the simpler things yourself. You may not be able to do the electrical and plumbing work on your own, but painting the interior is something that most people have the physical and mental ability to do.

Some of the more hidden troubles you may run into are mold and water damage, which tend to go hand in hand. Where there is water damage that has been left untended to, there is often mold growth and this will shine a definite negative light on your property when you put it on the market if it is not taken care of. Your property should be virtually unblemished at the time you put it up for sale. Make sure that the property is mold free if you want the highest return on your efforts and be ready to prove it with a certificate from a mold inspector. Most home buyers will not even consider a home contaminated with mold.

If there is water damage to the home, figure out if it was caused by something natural such as a flood or an accident or if it was something to do with the plumbing. If the home is very old, consider updating the plumbing system with a more efficient one to prevent future problems.



Jim Corkern is a writer and promoter of quality
New Jersey Sewage Damage Cleanup and other states such as
New York mold remediation companies across the united states.