Picking the right house
So, what makes a house a good candidate for a flip? It’s all about ROI. Many rookie house flippers make the mistake of thinking they need to strip the house down to the studs. While this may be necessary for some houses (and a real boon to those of us who offer roll off dumpster rental – it’ll take a lot of container loads!) it’s better left to experienced flippers with a wealth of experience to draw on and plenty of capital to sink into the project. Particularly when starting out, it’s best to pick a house that will require as little work as possible before you put it back on the market.
Hit the high traffic areas first
Given the right market conditions, you may not need to do any work on the house at all to flip it. In this situation, house flipping is like stock trading – just buy low and sell high. However, when people talk about house flipping, they generally are talking about making some improvements to the house to increase its value. So, what improvements have the best ROI? High traffic areas like the kitchen and bathrooms. Improvements here – new cabinetry, countertops, fixtures, appliances and the like – are a good bet for house flippers.
What size of roll-off dumpster rental will you need for your project?
If your project house requires only minor cleanup, then a 12 cubic yard container will probably fit the bill for you. Need to get rid of a deck? a 12 cu yard container will likely do the job. If you’ve taken on a bit more ambitious project, and need to get rid of old flooring, siding, windows, or shingles, a 15 cu yard container is probably the better bet for you. Remember, when it comes to roll off dumpster rental, it’s better to have a bit of extra space than a bit too little, as overfilling your container is going to cause problems down the road.
R&R Containers is a local, family owned and operated business. Give us a call for all of your roll off dumpster rental and junk hauling needs!