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HGTV Stars Ashley And Andy Williams's Advice For First-Time Flippers
It’s never an easy task to flip a house, and it’s even harder to find the right house at a low price. This is why first-time renovators need all the help they can get, so Ashley and Andy Williams from HGTV's "Flip or Flop Fort Worth" have some invaluable tips to share.
Learn The Market
Andy's advice is to "Find a discounted property that you can add value to. In flipping, the price you pay for a house will directly dictate the price you sell it for." Whether you're communicating with local realtors or searching websites, it’s helpful to know the average price of properties in the area you’re looking for.
Team Effort
Andy Williams advises, “it's much more fun building success as a team versus doing everything yourself. So, build a strong team by sourcing experts in the area.” The pair often work with veterans, and each person on their team has a unique skill that strengthens the overall group.
Set Your Expectations
The duo explains, "Put your plans on paper and your agreements in writing so you can manage expectations." Make a realistic plan you can stick to, and Andy says, "Make sure your contract has everything you need, without any loopholes. It's essential to draw one up before you start any work on your home."