How to Run a Sustainable House Flipping Business
/One of the best ways to make money in real estate in recent years has been by flipping houses. Individuals or companies buy a house, renovate it and then sell it on for a profit. The whole process can be a lot of fun, as well as a lot of hard work, but is it sustainable?
The process of flipping houses is not always great for the environment, but if you are thinking of starting your own property flipping business, it is worth knowing that there are lots of things to do to make it more sustainable and care for the planet as you grow your profits, including the following:
Buy well-built properties
Buying properties that have been well built with the best materials and practices is a great way to get started. These kinds of properties are more likely to stand the test of time and need less work on them over the years, which means you can not only save money on renovations, but you can ensure that the properties you dell do not need as many resources plowed into them in the future even when they are no longer under your ownership. Getting a well-built property will also work in your favor when applying for a mortgage. Look up “how long does a mortgage application take" before you get too set on a property so you can avoid disappointment.
Keep original features
Many people who flip houses for a living tend to rip everything out and start again. This is not ideal if you askew looking to run a sustainable house flipping business because you will not only be wasting a lot of existing resources and sending all kinds of materials to landfill, but you will also be replacing them with more modern materials which may be unnecessary, and are often less good for the environment than older materials in the first place.
Keeping that old fireplace or the original beams can also add character to your properties, which may make them more desirable, and of course, there is a good chance you will save money by doing so too.
Use green materials
It’s a no-brainer that, if you are serious about running a sustainable house flipping business, you should use more natural, eco-friendly materials like using wool for insulation and marble for the countertops. Yes, this is not always the cheapest option and you need to watch your bottom line, but as any real estate company will tell you., buyers these days love sustainable builds and the use of natural materials, so you may actually be able to sell your pro[pettiews on for more just by being green.
Use an eco-friendly server
Of course, when you flip houses, you need to market and sell them too. When setting up your company website, try to go with a green web host and server company that will not add too much to your carbon footprint.
Running a sustainable house flipping business may not be quite as straightforward as running a regular real estate flipping business, but you will have a unique selling point and you will have the peace of mind that comes with knowing you run your company as ethically as you can, and that meaks it worthwhile.
