Fix it, flip it — how to turn a run-down home into a money-maker

House flipping, a popular investment strategy, involves buying distressed properties, renovating them, and selling for a profit. Success hinges on finding undervalued homes, meticulously managing renovation budgets to avoid unexpected costs like plumbing or foundation issues, and timing the market for a quick sale. While offering substantial returns and the satisfaction of transformation, this venture carries inherent risks due to significant upfront investment and fluctuating market conditions.

By TOI REAL ESTATE DESK