Flip - Exterior or Interior first?

Question

Hey guys! Currently looking at a potential REO foreclosure fix and flip. Quick question that may not bear any importance: Should I focus on rehabbing the interior or the exterior first? I heard on one of the podcasts (I believe) that if you renovate the exterior first, it gives you free marketing of your property as people notice the construction and cleaner look of this once ugly house. However, I also feel that if you do it first, you are inviting the small chance of a burglar to also notice this newly renovated house. Also, if you can list it as soon as people take note of it, I feel like that would be better as it is fresh in their minds. Any thoughts? Is this overthinking it?

Greg Dickerson · Answer

@Noah Barba You should do both at the same time. You make money in this business by getting in and out as quickly and efficiently as possible.

Theresa Harris · Answer

As you are doing the renos yourself, take advantage of the weather and do the outside-except for gardening.  Any landscaping is probably better left until the summer heat passes.

Jeff Piscioniere · Answer

@Noah Barba I’d say outdoor. It’s summer time and the weather is conducive for growth. If you were to wait you might run into cooling weather and things might not have been established and you could have a palace inside but if people are driving by a wreck, there goes your first impression.

Matthew Paul · Answer

You do it both at the same time . Contractors are not waiting for you call them , they are busy . The sooner its done , the sooner it sells .

Noah Barba · Answer

@Greg Dickerson @Matthew Paul gotcha. Sorry, I also forgot to mention that I would be doing most of the renovations because that’s my niche in this business. But I will heed your advice and focus on both

Flip - Exterior or Interior first?

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