Avoiding the Flip: 5 Essential Tips for Homebuyers
Originally Published 2 years ago — by Yahoo Life
The author shares their experience of buying a flipped home and highlights five things they wish they had known before making the purchase. They emphasize the importance of finding a thorough inspector who specializes in historic renovations, requesting a list of all completed renovations and updates, checking permits to ensure the work was done properly, researching the developer's history and previous projects, and investigating the contractor's reputation and reviews. Additionally, they advise buyers to ask for a home warranty and keep a reserve of cash for future repairs, as old houses often require ongoing maintenance.