Real Estate Marketing & Beyond
The practice of a house-flipper is buying and then selling a property within 12 months or less, and it’s not hard to see why. Recent studies show that homes flipped in the first quarter of 2016 turned an average profit of $58,520, which is a 10-year record. In Philadelphia, Pittsburgh, Flint, and New Haven, flipped homes typically turned profits of more than 100 percent. To get results like these, you’ll need the right tools, like these excellent apps, at your disposal.
Zillow Real Estate: Learn More About the Market
Image via iTunes
As the country’s most downloaded real estate app, Zillow Real Estate makes an excellent starting point for any house flipper. The app helps you get a feel for local markets with an interactive map and home value estimates. With more than 100 million homes in its database at any one time, it’s one of the most comprehensive property apps you’re likely to find.
Zillow Real Estate is available free of charge on iTunes and Google Play.
Property Fixer – Real Estate Investment Calculator: Predict a Home’s Potential Profit
Image via iTunes
Some of the best homes for flippers are fixer-uppers. However, if a home needs too much work, it will never turn a profit. You can learn whether a home is worth investing your time and money in with Property Fixer – Real Estate Investment Calculator. Simply enter the house’s address, a photo, particulars about the property, and your predicted expenses, and the app will calculate your expected profit margin and return on investment.
Property Fixer – Real Estate Investment Calculator is available on iTunes. There is a free version, as well as pro and premium options with more features.
HomeSnap: Take Photos for Property Data
Image via iTunes
If entering all that data sounds like a headache, you’ll love HomeSnap. Just take a photo of any home using a high-quality smartphone camera, like the 12MP wide-angle camera on the iPhone 7, and HomeSnap will present a wealth of information, including the property’s expected value, similar listings, ratings of local schools, nearby sales, and more. As this app is typically used on the go, make sure your smartphone is connected to a network like T-Mobile’s, with its fast and reliable 4G LTE coverage.
HomeSnap is available free of charge on iTunes and Google Play.
Foreclosed Homes: Find Easy Sales
Image via iTunes
Finding a good foreclosed home is like finding gold for a house flipper because the lender is always motivated to sell. You can find these rare jewels more easily with the app Foreclosed Homes. The app also lists short sales and property auctions. The map function lets you see potential investment properties near you.
Foreclosed Homes is available free of charge on iTunes.
Handy Man DIY: Learn How to Perform Basic Repairs
Image via iTunes
If your investment property needs work, you’ve got two choices: hire professionals or tackle the job yourself. Many house flippers choose the latter option, as every dollar spent on tradespeople eats into a home’s profit margin. Opting to do it yourself doesn’t have to be daunting with Handy Man DIY on your favorite device. This clever app offers step-by-step videos and instructions for a range of simple home repair jobs. A feature for keeping track of costs and information about each room is also convenient.
Handy Man DIY costs $1.99 on iTunes.
HomeAdvisor: Find and Book Professionals
Image via iTunes
Of course, some jobs, such as electrical work or anything you’re not confident about, require the expertise of a trained professional. When you need professional help, turn to HomeAdvisor. This app makes it easy to compare tradespeople using ratings and reviews from past customers. The more than 100,000 professionals in the HomeAdvisor database are subject to background checks, so you can book them with confidence. You can also learn the average price-specific services in your local area to make sure you never overpay. When you find someone you’d like to discuss a project with, you can schedule an appointment directly via the HomeAdvisor app.
HomeAdvisor is available free of charge on iTunes and Google Play.
Load these apps onto your smartphone or tablet, and you can feel confident that you’ve got the right tools to maximize the profits on your next property investment.
Make sure you also get property-specific information, such as a Housefax Report, which includes loan history, building permits, fire incidents, and more. Visit Housefax.com for a free report!