By The Kent Redding Group
During the process of searching for an Austin Texas home for sale, you may come across a home that was recently flipped or rehabilitated.
House flipping has been on the rise across the United States over the last 8 years but with the rise in people who are searching for homes that they can flip it’s important for every buyer to make sure that they don’t buy a house that can turn into a flop.
3 ½ Years Fixing A Flip
Flips are homes that investors purchase to renovate and resell for a quick profit. While many flips are very well done, many others are really flops, where defects are covered up, ignored, or overlooked.
If everything goes as planned, Derek Rippe will finish working on his house by Mother's Day. For months now, he's been fixing the flip that he and his wife purchased 3 and a half years ago.
Last summer, Derek discovered the ceiling over their "open concept" living area was sagging, because the seller had removed critical interior walls during the renovation.
The structural engineer they hired determined the roof support timbers- known as trusses- were failing. The couple had to quickly install emergency supports to shore up the ceiling.
According to the engineer's report, the metal plate connectors holding key trusses together started pulling away after the interior walls were removed. The engineer says the contractor removed a load bearing wall during renovation and should have gotten permits. City records show that didn't happen.
Search For Homes In Austin Texas
Planning on relocating to Austin or buying another home in the area? Work with an Austin Realtor you can trust.
Contact the Kent Redding group today by calling us at (512) 306-1001 or click here to connect with us online.