We’ve all seen those TV shows where up-and-coming house flippers turn run-down houses into the most beautiful homes. Either renovating them into modern living spaces or restoring them to their former glory. One can appreciate the beauty behind it all. Increasingly growing in popularity, flipping houses can either turn nice profit or sink the renovator’s hopes and dreams. Welcome to the world of house flipping.
A whopping percentage of houses have been flipped in 2022
Based on real estate data gathered by ATTOM, nearly 1 in 10 houses sold in the first quarter of 2022 were flipped homes. This figure comes as the highest since 2000, nearly doubling since 2021. The reality is that flipping houses can be profitable when done right, but that doesn’t guarantee success. According to ATTOM, the actual profit margins have dropped substantially to their lowest point since 2009.
Nobody showed any interest in this 1887 York, Pennsylvania home when it was originally put on the market, but someone spotted a hidden gem and made magic happen. Originally designed in the Queen Anne style, it once featured delicate brick detailing, contrasting trims, a large porch and many decorative details.
This project shows how fun renovating houses can actually be. Enriched with stunning shades of terracotta red, gold and olive green, the patio is now a welcoming space for afternoon relaxation. The once run-down garden now boasts beautiful flowers and trees.
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A beautiful entranceway restored wooden pocket door, and stunning glass fittings welcome you into a new cheerful space. It seems that flipping houses can be a real art form. One finds themselves stepping back in time when entering this family home, where even the photographs and paintings on the walls remind one of the history of the place.
Five different kinds of wood make up the beautifully laid floor with splashes of color reflecting off of stained glass panels throughout with time-appropriate furniture adding to the aesthetic. Furthermore, period-style lighting adds romance to the place.
A stunning staircase covered in historic carpeting leads you upstairs to the most beautiful living spaces. One can imagine a time when children may have possibly played on the stairs, cheekily peeking down on their parents in a fun game.