Join Club

Ask Eli: How to Spot a Bad Flip

This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: I don’t have the time to do a full-scale remodel on a fixer-upper so have found myself favoring renovated homes, many investor-owned. I’m afraid of buying a bad flip and wondering if you have any tips for spotting them during showings.

Answer: Whether or not a home has been recently renovated for sale by an investor or homeowner, it’s important for you to do as much digging and inspecting as possible to verify the quality of the work and materials.

For starters, never assume that because a home has been professionally remodeled and looks new that you do not need to perform an inspection. In fact, I think a home inspection is most valuable when buying a flipped property because you’re paying a premium for it being/appearing new.

However, inspections take place after entering into a purchase agreement and cost money, so I’ll highlight some things you can look for before making an offer that will give you an idea of the quality of the work.

Exterior

  • Driveway: Repaving a driveway is expensive and often ignored in cheap flips. Look for cracks or other damage in the driveway. If the driveway has been redone, that’s a good sign.
  • Roof: You don’t need to be a roofing expert to know whether a roof looks to be old and damaged or in new or good condition.
  • Downspouts: You want to see water runoff extending away from the home by 8-10ft, not being dropped right next to it, which is often overlooked by inexperienced or cheap investors.
  • Lawn: Grass takes time and money to look good so if the lawn is in good condition, that’s a great sign.
  • Windows: Windows are very expensive and you can tell a lot about an investor by the windows they install. Are they good quality? Did they replace none, some, or all of them? Did they install new windows or refurbished windows?

Interior

  • Floorplan/Design: Did the investor make decisions that leave you scratching your head like a shortage of kitchen cabinets, awkward toilet placement or tiny clothes closets? It’s not easy to redesign a floorplan and novice remodelers almost always make mistakes.
  • Dishwasher/Stove: Give them a pull and see if they’ve been secured. If they are, the investor likely paid attention to other more important details.
  • Water Heater: Is there a drip pan around the base and is it tied into a floor drain?
  • Electrical: Look at the inside of the panel door to see if it’s been labeled and if there is a signed/finalized permit sticker.
  • Furnace: Does the exhaust pipe have a constant positive pitch leaving the unit until it reaches the exterior (note: this should also be the case on a gas water heater)?
  • Door Frames/Shoe Molding: Are the frames around the doors and shoe molding along the floor new or painted over? New frames/molding looks clean and smooth while originals with paint over top look clumpy and damaged. If it’s original frames/molding, you might be looking at a quick, cheap flip.

Other

  • Permits: https://permits.arlingtonva.us/ allows you to search the full permit history of any home in Arlington so make sure you check whether permits were issued and whether permits were finalized.
  • Receipts: Try to confirm who did the work. Are they licensed, bonded and insured or were they a friend who loves DIY projects? Don’t be afraid to talk to the contractor(s) who did the work and see how much they’re willing to share about the materials and crew they used.
  • Days Since Last Sale: Look up how much time has lapsed between the investor’s purchase of the property and the completion of the remodel. The timing of the work should align with what the seller is claiming to have done. You can’t do a full remodel, with proper permitting, in a month.
  • Overall Care: Care and attention to detail outside of the walls tends to show up in the quality of work behind the walls (where you or your inspector can’t see), so if you notice mistakes you can see, be wary of what mistakes you can’t see.

Other common items to observe are the quality of cabinets, appliances and fixtures but most of that is dependent on price point and expectations should be managed accordingly.

Also, do not shy away from electrical, plumbing, HVAC, roof and/or structural inspections if you have concerns over the quality of the work after doing your general inspection. They cost about $150-$300 each, but that’s a lot less expensive than buying a home with hidden issues, even if you end up spending the money just to realize you need to walk away from the deal.

The term “flip” carries a negative connotation, but regardless of what you call a house that has been remodeled/updated for purposes of resale, it can be a great opportunity to get many of the benefits of a new home, without the price tag of new construction or burden of doing the work yourself.

However, you must approach the purchase with caution and a careful eye for quality of workmanship to avoid your dream home turning into a money pit.

If you’d like a question answered in my weekly column, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at www.EliResidential.com. Call me directly at (703) 539-2529.

Eli Tucker is a licensed Realtor in Virginia, Washington DC, and Maryland with Real Living At Home, 2420 Wilson Blvd #101 Arlington, VA 22201, (202) 518-8781.

Recent Stories

Tour the secluded and quiet Bellevue Forest with its local parks, trails, forested areas and more in Neighborhood Spotlight.

In loving memory of William Dinwiddie Tucker, who passed away in 2023 at the age of 95.

Good Friday evening, Arlington. Today we published articles that were read a total of 6626 times… so far. 📈 Top stories The following are the most-read articles for today —…

Meeting for lunch? Starting Monday, January 30 and running until Friday, February 3, Copperwood Tavern, The Pinemoor, and Brass Rabbit Pub will be offering buy one, get one free soups, salads, sandwiches, and…

St. Charles offers a play-based curriculum in a welcoming, Christ-centered environment.

Our program focuses on socio-emotional development and kindergarten readiness through hands-on and engaging activities. Our programs offer different schedules ranging from 7:30 am-5:30 pm for students, ages 2-5. We feature a full-day Jr. kindergarten class for older 4’s/5’s. Our facility includes a full-sized gymnasium, school chapel, and library. All of our students enjoy music and physical education weekly. Children have an opportunity to participate in enrichment classes such as soccer, basketball, ballet, and science.

We offer Summer Camp with weekly themes and twice a week water play, including Fun Friday moon bounce. Please join us for our Open House Feb. 3 at 9:30 am and 11:00 am. Click here to sign-up.

For more information or to schedule a tour, visit us at www.stcharlesarlington.org or call (703) 527-0608.

Submit your own Announcement here.

If you are a lifelong learner over 50+ who wants to make new friends, power up your brain, and enjoy a wide-variety college-level courses, Encore Learning is for you. An Arlington based nonprofit, Encore Learning offers courses in the arts, theater, literature, history, technology and more. This semester we offer our most popular course, Global Hot Spots as well as 25 new courses. Courses are presented either online or in-person at George Mason University at Virginia Square and other Arlington locations.

Join the free presentation to learn about courses and meet the instructors. This is Encore Learning’s signature event to highlight the upcoming semester with brief presentations by each instructor.

The Spring Course Preview event is Thursday, February 2nd at 9:30 AM via Zoom: 

https://us02web.zoom.us/j/84855394419

Read More

Submit your own Announcement here.

First-time Moms Meet & Greet

The truth, your first pregnancy and new mom months are full of twists and turns, ups and downs, and lots of questions! None of us really know the best way to do it – we just figure it out, together…

×

Subscribe to our mailing list