Читать книгу Flipping Houses For Dummies - Ralph R. Roberts - Страница 40

To maximize your profit, reduce expenses, and take a more hands-on role in rehabbing a home, consider moving into the home and renovating it at your own pace. If you and your family don’t mind living in the chronic chaos of a construction zone, this approach is appealing, for several reasons:

 By living in the home you’re flipping, you avoid making a second mortgage payment or paying a tax bill and utility costs.

 Because you’re living in the home, you develop a better feel for the types of renovations that can make it more attractive to future buyers.

 If you live in the home for at least two years, up to $250,000 of the profit ($500,000 for a couple filing jointly) may be tax free, as discussed previously.

 You’re onsite for any repairs or renovations you have to hire out. And you’re around more often to prevent thieves from walking off with your tools and materials.

If you’re single or married with no kids, this strategy is an excellent choice. If you have children in school, however, I recommend that you avoid this approach, unless you intend to remain in the same school system after selling. Your children begin to form relationships, and big moves disrupt their lives.

If you’re planning major renovations such as gutting the house or completely rehabbing the kitchen, consider performing that renovation before you move in, or plan to reside elsewhere during the renovation — especially if you have kids and pets. The persistent noise, dust, and inconvenience can rattle nerves and strain relationships.