Flipping in Spain

"Flipping" - this concept was first used in the United States, when people purchased residential buildings not for themselves, but for repair and subsequent resale. This is how they made money in the real estate market.

In the context of rapid modifications and implementations in the economy, flippers assume certain responsibilities after buying real estate. So, investors improve existing buildings, increasing their external and internal attractiveness. The main flipper strategy is to make quick decisions that allow you to increase marginality.

Any realtor whom you would not ask about the most important criteria for choosing real estate for subsequent investment will tell you that you first need to focus on location.

You can spend a lot of money doing a complete home renovation, ordering the coolest design and buying expensive furniture, but if your apartment is located in a bad area with not very friendly neighbors, then it is unlikely that you will be able to earn anything from it in the future.

In no case should you consider objects for subsequent resale near noisy objects in Spain. And yet, no less important, there should be proximity to transport interchanges.

When buying real estate for subsequent reconstruction, people rarely bargain, because such offers are quite limited in time.

Flipping in Spain

Prices are quite affordable, so buyers are in a hurry to pay a deposit of about 10% as quickly as possible. In Spain, this American model is being promoted very successfully. First of all, this is true for the Costa Blanca, the cities of Alicante and Torrevieja.

The risks of buying a home on the principle of flipping are very high. Each investor wants to make a profit after the repair and sale in the amount of 20-30%.

But there are times when it is not possible to return the funds spent, then investors go into the red. During the execution of work, unplanned expenses may appear, such as: delays from contractors, unaccounted for repairs, and so on. Do not forget about market fluctuations, when the demand for real estate falls and sellers are forced to make concessions.

The crisis in Spain plays into the hands of flippers. The fact is that people are often forced to sell housing that they do not use at a low price to cover their needs. This is what realtors use when buying property at auctions or mortgage sales at a significantly reduced cost.

Our company will help you renovate your property and help you sell it profitably.