How important is energy efficiency when you flip?

1 Reply

Hi All,

I'm Shavon Prophet, I live in the Five College Area of the Pioneer Valley, Western Mass and am an Energy Efficiency and Renewable Systems Consultant. I specialize in green building and high performance homes, as well as utilizing the best state incentives and tax credit programs in the country to make these kinds of improvements cost-effective. Every day, I disprove conceptions that aesthetic improvements are the most important to increase home values, and that efficiency improvements are too expensive to make. What's the use of a pretty kitchen if the heating bills are outrageous? If there's mold hidden in the walls? Did you know a home with a "green" certification sells for about 10% more than other comparable homes? Green isn't just a buzzword, it will become the new standard for construction and renovation. (Don't play catchup, get on the early train!)

So, the facts/market analysis is out there, but not many people are doing this yet. My question to those experienced investors and flippers is- is this a factor for you? If so, what kinds of improvements do you make. If not, why not?There's loads of money to be made and saved in building green, the extra value-added proposition here is that it's good for our planet and our communities. 

 Together with my husband, a general contractor, and another partner, a data and numbers whiz, we have formed Valley Property Partners. Our goal is to flip and rent homes that are beautiful, comfortable, and certified energy efficient. To build up necessary capital, we'll be wholesaling to start with. We are actively seeking cash buyers and private lenders, so reach out! I'd love to know what you're looking for in an investment property. I can also help you add value to your flips by making improvements in energy efficiency and comfort.

Hi Shavon,

I am a local fix and flip real estate investor looking for some more houses to buy. I pay cash and can close quick. Areas that I prefer to buy in are in Hampden County:

Agawam

Longmeadow

East Longmeadow

Southwick

Westfield

West Springfield

Wilbraham

Ludlow

Springfield (East Forest Park and 16 Acres only)

Looking for 3+/1+ at over 1,000 sqft ranches are the sweet spot. Will consider smaller houses if the neighborhood supports it. We don’t need to fight everyone for the $70k house in Springfield. Our acquisitions for this year were $220k, $101K, and $135K respectively and are happy to pay that if the upside is there and they are in quality neighborhoods.

If anything comes up please keep me in mind. 

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