5 Crucial Questions to Ask Before You Flip Your First House

Thanks to the seemingly endless glut of home improvement TV shows like “Flip or Flop,” “Masters of Flip,” and “Rehab Addict,” it seems like flipping houses has become America’s favorite pastime.

But for the inexperienced, house flipping can be a dangerous and costly game. Make one wrong move, and that “great investment” can turn into a monumental mistake.

Don’t want your first flip to be a flop? Here are five questions you might never think to ask yourself, but totally should, before you begin flipping houses.

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Demolition Daze: 7 Ways to Botch Renovating a Home

“Renovating my house was a piece of cake,” said no one ever. Indeed, even seemingly simple projects, like installing a screen door, staining hardwood floors, or refacing kitchen cabinets, can surprise homeowners with unexpected challenges and ever-escalating costs. And the problems multiply if you make certain all-too-common mistakes.

We’re not trying to discourage you from renovating your house, but if you’re planning to give your house a face-lift, be sure to avoid these seven renovation fumbles.

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How to set your budget for a big home improvement project

No matter what we’re shopping for, home remodelingfew of us like sticking to a budget. But when you’re doing a major home remodeling project, knowing precisely how much money you have to spend and staying within that budget is crucial.

“As contractors, we design our projects to our clients’ budgets,” says J.P. Ward, architect and vice president of business development at Anthony Wilder Design/Build in Cabin John, Md. “Homeowners need to know what their budget is upfront and be realistic about what they can afford.”

Considering a big home renovation? Here’s how to set your priorities, establish a spending limit and stick to your budget.

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