6 best states to flip a house

In 2013, investors bought more than 156,000 homes, only to fix them up and quickly resell them for an average profit of $58,081. Home flipping became increasingly popular as the housing market began to recover. However, While the number of U.S. home flips increased in 2013 compared to 2012, home flips as a proportion of all home sales declined from 7.1% of sales in the fourth quarter of 2012 to just 3.8% of sales in the fourth quarter of 2013.

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Are home renovations an investment or an excuse to spend?

We are the generation of the renovation. Granite countertop upgrades, hardwood floor installations, take a wall down here, feng shui there, etc. There are so many shows on TV centred around renovation that you might start to feel abnormal if you aren’t refurbishing your home. Then again, with so many people living at or beyond their means, why would you want to be normal?

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