Whether you’re addicted to house flipping shows on TV or you’ve flipped a home for profit in the past, you know it can be tricky. Flipping existing homes can come with unexpected twists, turns and structural issues. Renovations eat into your profit and can turn a sure thing into a total dud. One way to […]The post Fast Money: 7 Things to Consider Before Flipping New Construction appeared first on Freshome.com.

Whether you’re addicted to house flipping shows on TV or you’ve flipped a home for profit in the past, you know it can be tricky. Flipping existing homes can come with unexpected twists, turns and structural issues. Renovations eat into your profit and can turn a sure thing into a total dud. One way to bypass the unexpected is flipping new construction. It seems like a win-win: you put up the capital for a new home and you get to sell without the potential problems. But before you buy a new build for flipping, you’d better consider how it works and where you’ll make the most.Market conditions will dictate your profit. Image: Trickle Creek HomesConsider the marketThe biggest factor in whether or not a new build will flip well is the current market. New homes rarely do as well in sluggish markets because of bargain-hunting buyers. They’re willing to renovate if it gets them a better deal. If there’s a hotspot in your area, however, it just might work. Look for areas where development is going quickly and new jobs are ...