Reality television makes house flipping look easy, but the reality is most people aren’t cut out to buy, renovate, and sell Boston luxury condos. While you may not make your fortune through flipping houses, there are a number of helpful hints both buyers and sellers can learn from these experienced professionals.
Design for the Buyers’ Tastes
It is tempting for an investor to make a flipped Boston luxury condo look like their dream home, but it is important to remember that an individual’s tastes might not be ideal for mass appeal. When listing your Downtown Boston condo for sale, avoid bright colors or odd design elements. Most experts suggest painting with classic colors like antique white and installing features such as crown molding, which most buyers appreciate.
Build a Relationship with Local Agents
Many Boston condo flippers say that they have made their best deals due to tips from local real estate agents. Real estate agents know about foreclosed, outdated, or deteriorated properties that may be sold cheap. Having tips about properties that may be a good investment with a little elbow grease can be a huge help if you’re trying to get into a specific neighborhood on a budget.
Wait Before Putting the Property on the Market
Expert flippers say the biggest mistake people make is rushing to list a property. It is important to make sure that everything is ready before the property is put on the market, including any minor (or major) renovations and fixes to problems that might put potential buyers off.
Get Help from Experts
Some people worry that hiring experts for even simple renovations might cut into their profits, but the experts insist that hiring experts makes the property more valuable to prospective Boston high rise condo buyers. Having experts who can do a great job on technical work, such as plumbing or electricity, can be a great asset.
As mentioned above, working with an experienced real estate agent in Midtown Boston can have a significant impact when buying or selling your place. If you’re still looking for the right agent to work with who understands your needs and wants, reach out to us at 617-720-5454.