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How do you know if a house flip was done well?

Posted on 11/15/24 at 10:56 am
Posted by bayoubengals88
LA
Member since Sep 2007
21068 posts
Posted on 11/15/24 at 10:56 am
How long does it usually take?
Or what's the evidence that it was done poorly?
Thanks!
Posted by CAD703X
Liberty Island
Member since Jul 2008
86702 posts
Posted on 11/15/24 at 1:10 pm to
imo, if the house reno was NOT done just for a flip, you can be reasonably sure it was done well.
Posted by 9rocket
Member since Sep 2020
1420 posts
Posted on 11/15/24 at 3:26 pm to
I would never buy a flipped house, unless I was planning to rip it all out anyway. While there are some quality flippers, the vast majority in my experience just put lipstick on a pig. Kinda like all the “contractors” you see after a storm.
Posted by Art Vandelay
LOUISIANA
Member since Sep 2005
11156 posts
Posted on 11/15/24 at 5:33 pm to
quote:

I would never buy a flipped house, unless I was planning to rip it all out anyway. While there are some quality flippers, the vast majority in my experience just put lipstick on a pig. Kinda like all the “contractors” you see after a storm.
this. And also, why would you not want to put in what you want in your house.
Posted by Turnblad85
Member since Sep 2022
3113 posts
Posted on 11/15/24 at 11:15 pm to
I personally have never seen work worth a shite in a house that was "flipped". The less work done during a flip the more comfortable I'd be in buying it.


I'm sure there are quality flipps out there but I've yet to see one.
Posted by LSUDad
Still on the move
Member since May 2004
60626 posts
Posted on 11/16/24 at 12:49 am to
I've done a number of flips. As with anything, you can do a walkthrough, see what needs to be done.
A friend was a realtor, she'd find a house. Do a walkthrough, put down cost of repairs. Then figure the market, then get the profit. Sheriffs sales, hit and miss, unless you knew who built the house. I helped a friend with a few of those.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
44322 posts
Posted on 11/16/24 at 7:44 am to
I would 100% never buy a flipped home
Posted by Cracker
in a box
Member since Nov 2009
18895 posts
Posted on 11/17/24 at 12:16 am to
Has it been lived in? Look at the sales history & price that will tell you everything
Posted by Ricardo
Member since Sep 2016
5724 posts
Posted on 11/17/24 at 9:31 am to
You can pretty easily tell. The finish work of a house flipper is usually very sloppy. Open every door/cabinet. Try every appliance. Push on fixtures that should be solidly mounted.

I'd recommend going up into the attic or into the crawlspace. Do you smell mold? Do you see evidence of termites? What's the quality of the framing look like? Initial construction look solid? Good plumbing? How does the A/C unit look?

If you see evidence of termites, just walk away. Foundation/roof problems? Probably not worth the hassle.

If the finish work of the flip looks cheap, are you willing to just rip everything out and start over? You're paying more for shitty work. Would be better off buying a well-worn house for less money and doing the work yourself/contracting it out.
Posted by El Segundo Guy
SE OK
Member since Aug 2014
10839 posts
Posted on 11/17/24 at 9:45 am to
My BIL bought a flipped house. The house was trashed, bought for pennies on the dollar then remodeled and flipped.

He isn't having major problems, by any means but you have to understand that every decision made during the remodel was made to maximize flipped profit.
Posted by baldona
Florida
Member since Feb 2016
22398 posts
Posted on 11/17/24 at 8:46 pm to
quote:

How long does it usually take? Or what's the evidence that it was done poorly? Thanks!


What does this mean? Did you buy a flipped house or interested in one? I can’t gauge where you are coming from
op? That’s the most important part here.

Flips really just depend on the condition of the house prior to the flip and the market of what it was bought for compared to what it was sold for.

There’s houses that are in great condition sold for a good deal to the buyer that may just need minor cosmetic work like clearing it out, new minor flooring, paint, and basic landscaping.

But a house that needs a ton of work like gutted and new bathrooms/ kitchen are usually done very very cheaply because that’s the only way to make a profit.
Posted by BilbeauTBaggins
probably stuck in traffic
Member since May 2021
7145 posts
Posted on 11/17/24 at 9:03 pm to
Tbh a poorly done flip house has:
- grey vinyl wood look floors
- grey walls
- high gloss walls in every room
- white/grey laminate countertops
- grey carpet bedrooms
- anything that looks like your standard DR Horton home
- Amazon light fixtures both inside and out
- old appliances

Replacing old stuff with new and cheap stuff is lazy and lacks any type of personality to a home. It will easily get sold to someone who wants a home that they don't need to work on immediately but will probably have some issues come up down the road.
Posted by tide06
Member since Oct 2011
16598 posts
Posted on 11/18/24 at 6:25 am to
I mean how is that any different than most recently built low-mid end tract houses (ir DR Horton)?

They’re just using cheap local subs with non-offensive cheap finishes to put houses on the market for the largest possible profit the same as an independent flipper would.
This post was edited on 11/18/24 at 6:56 am
Posted by 9rocket
Member since Sep 2020
1420 posts
Posted on 11/18/24 at 6:55 am to
Well, I’ve seen some house flippers that covered up some horrible shite. I don’t know if even Horton could get away with some of these.
Posted by baldona
Florida
Member since Feb 2016
22398 posts
Posted on 11/18/24 at 10:09 am to
quote:

I mean how is that any different than most recently built low-mid end tract houses (ir DR Horton)?

They’re just using cheap local subs with non-offensive cheap finishes to put houses on the market for the largest possible profit the same as an independent flipper would.


One big difference is new homes have quite a few inspections and permits and everything is brand new. A flip could easily be covering up some electrical and plumbing in the walls that should be redone but is not due to time and money. While a flip is could need an inspection/ permit there's ways to get around it like not telling anyone what you have done if you have done minor work like moving bathroom plumbing around.
Posted by notbilly
alter
Member since Sep 2015
5931 posts
Posted on 11/18/24 at 11:06 am to
quote:

How do you know if a house flip was done well?



Most aren't. Start by checking to see if the work was permitted by the local building official. Then hire a home inspector that you trust.

Posted by Pezzo
Member since Aug 2020
2557 posts
Posted on 11/18/24 at 11:17 am to
i live in a flipped house, most of it was an "ok" job. paint, counter tops, and floors were all decent picks.

wife loved everything about it because they put all the trendy things in it. now we'll have to redo our shower because it was such a shitty job that i have to clean out the mold/mildew every week that grows on the pebble stone floor. the grout between the stones chipped and left a hole within the first two months of living there. the glass sliding door was an eye catcher for the wife. i proposed redoing it and going with a plastic drop in shower so i never have to deal with the mildew again. you can imagine what the wife thinks of that idea.

also its our first home as new home owners in 2018. i wont lie and say i didnt like it from the start because i did like it but after living in it for a couple months the short cuts became more apparent.

on the other hand the house next to mine was just recently flipped and we went to the open house. i knew before going in that the quality of work was not there after watchign the crews that painted the exterior and its way more apparent than our house. the cabinets were painted over (very thick coats) and new knobs put on. the trim was pulling from the walls, painted exterior was done poorly, and they replaced the shingles with the cheapest on the market. the flooring was also one of the cheaper on the market. i looked at public records and they're trying to sell for $100k more than purchase.

This post was edited on 11/18/24 at 11:23 am
Posted by bayoubengals88
LA
Member since Sep 2007
21068 posts
Posted on 11/18/24 at 1:30 pm to
quote:


What does this mean? Did you buy a flipped house or interested in one? I can’t gauge where you are coming from
op? That’s the most important part here.
Looking to buy.
Posted by lsuchip30
Baton Rouge, LA
Member since Dec 2007
290 posts
Posted on 11/18/24 at 3:16 pm to
All you can really do is look at it and have it inspected. Also try to find out what company did the construction on the remodel. I am friends with a few reputable builders in the area (former customers). A few got into doing a few flips. All of those were done well as far as I could tell - but these were good reputable builders that put the same quality into their remodels and flips as they did into their custom and spec new builds. I hate to say it, but some of the outfits that only do flips might tend to be on the lower quality side.
Posted by bayoubengals88
LA
Member since Sep 2007
21068 posts
Posted on 11/18/24 at 3:49 pm to
quote:

Also try to find out what company did the construction on the remodel.
That's what I've been doing. Thanks
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