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Is it better to renovate the home before selling?

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(@amy-aziz)
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Joined: 3 years ago
Posts: 143
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Is it better to renovate the home before selling?


   
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(@jt-taylor)
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Joined: 4 years ago
Posts: 15
 

Landon,

That depends on you and your business model and goals. Jack and Jill's House Academy steers clear of renovating homes before selling as a rule of thumb. They do have a few exceptions where they have done so and made money. However, in a recent HA podcast they go through these three examples and explain why they would probably not do that approach again.

The model in HA is to buy and flip without ever touching the home. Let the next investor take on that project. They make a good bit of money doing so, and you make a little bit of money flipping the contract or selling the home to them through escrow. The real key to this business is not maximizing whatever you can on each deal you acquire, but rather doing more volume.

Hope that helps,

JT Taylor


   
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(@aaron-belt)
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Joined: 3 years ago
Posts: 144
 

Thank you for an extremely informative response JT!


   
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