Description

House flipping refers to the purchase, renovation and subsequent sale of real estate for profit. The practice has gained popularity in recent years as many people seek to earn extra income or build their wealth. The process of house flipping usually involves finding a suitable property, renovating and modernizing the house, setting the price and finally selling the house. During the renovation process, various aspects of the house such as the structure, roof, walls, electrics, plumbing and furnishings need to be improved. It is important to note that house flipping is not a get-rich-quick scheme. It requires careful planning, hard work, perseverance and a thorough knowledge of the real estate market.