• Reports over the past two years show direct links to fixer-upper renovations producing the biggest returns in equity for a house flipper.
Approaching the year end of 2017, the latest reports shows an average flipping profit (after all real estate cost) to be over $60,000 – equating to just under 50 percent as a return of investment (ROI) for a house flipper.
• Over 50,000 single-family homes and condominiums flipped nationwide during the second quarter of 2017.
As of now, real estate projections expect the house flipping trend to continue going into 2018 helping to raise the prices of property values. Real experts suggest thinking in terms of what the prospect buyers want. House flipping should also include considerations for the area and lifestyle of the specific market. …show more content…
We’re compiled a list of national averages for the highest and lowest return in equity at the final sale of the property. Keep in mind, these are averages, if you upgrade, include custom designs or discovery problems, the cost will increase for time and materials, potentially reducing the return.
Highest Return on Investment
• Insulation - costs of $2500 on the average with 100 percent return
• Minor Kitchen Remodel - costs of $19,500 on the average with 80 percent return
• Basement Remodel - costs of $18,000 on the average with 70 percent return
• Family room Addition - costs of $42,000 on the average with 70 percent return
• Second Story Add-on - costs of $120,00 on the average with 70 percent