Quote from @Landon Sheveland:
Hello,
My wife and I, are attempting to purchase our first property. We plan on living in the house and doing most of the fixes and renovations ourselves. Just have a few questions before we get to deep into the process:
What are some common mistakes that can easily be avoided? What are the best areas of a single family house to renovate that will have the greatest improvement to home value? and any other advise would be great.
Hi Landon, my partner and I are agents that only work with fix and flip investors so happy to get on a call to help out if needed!
I would say from my experience flipping myself and seeing through my clients' projects that the main things in this market you need to be aware of is that houses are taking time to sell, they're selling for less than expected, and they need to be quality. This means you need to pad your rehab costs, make sure you have trusted service providers that do great work, and when you run comps be sure to bring them down a bit and see if the deal still makes sense.