Plumbing Issues Every Fix and Flipper Should Know

 

Old homes commonly have a myriad of plumbing issues that need to be taken care of. Fix and flippers often lack the knowledge about what to focus on when dealing with plumbing before putting up a property for sale. These are some of the most common issues that they should be aware of:

A plumber working.

 

 The Perils of DIY

Fix and flippers focus heavily on saving money wherever they can to ensure that they get the most profit possible on sale. There are some departments where you need to allocate your budget more heavily and plumbing is one of them. The most common solution that people employ to save money on plumbing expenses is doing everything on their own.

Two plumbers working

It can be fairly costly if you manage to cause any damage, and the repair costs in such a case could be a lot more than you were initially saving. This isn’t one to cheap out on.

The Lack of a Permit Damages Value

Before you take on any major plumbing work in your building, it’s important to have a permit for it. In many cases, people get away with un-permitted work, but it can be a problem if you’re trying to sell off the property. Real estate agents and potential homebuyers might not like the fact that there was unapproved plumbing work done on the property, which could bring its overall value down by a fair bit.

Cutting corners in this regard is not a smart move and you should pay up to retain value.

Don’t Forget the Smaller Units

In many cases, fix and flippers dump all their resources into paying for adding new pipes and cleaning out older lines, pumps. Because of all the attention going to the larger work, they forget to take a look at the heaters, faucets, and fixtures. These are commonly used components of the home that your potential homeowner might pay attention to.

If they notice that these components are not in good shape, it sets off a bad impression.

Real estate financing can help you acquire the resources you need to ensure that your property is well furnished before flipping. Whether you’re looking to develop a property or want flip loan financing, find hard money loans from private money lenders at Insula Capital Group. They offer investment home loans, hard money construction loans, commercial bridge loans, and more.

Their feasible hard money loan requirements make it convenient to qualify for loans. Reach out to them to get started.


 

 


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