Steps
Home Research Details Steps Asbestos

Steps To Consider

Every house flip will have a different plan to follow. The steps are intended to get you from closing to closing. There are as many steps missing from this list as there are steps included. Perhaps more. Space has been allowed for them. Major steps are provided as a way to begin planning the specific flip you have in mind. The best time to work through these steps is before you make an offer to purchase.

Play a little game. Read through each step. Determine if it is appropriate to your project. Add other steps as they occur to you. In the process you will discover a step you did not think about. No matter how many times you buy-sell there will be lessons to be learned. Hopefully each lesson will not be too costly. But in the budget there should be a cushion to cover lessons learned. The tuition in the real world is higher than any education institution,  public or private. I figure the budget amount for mistakes is a justifiable part of each project. 15% seems standard. In the beginning, you may want to figure 50%. This knocks out many projects for the beginner.

The steps are presented with space in between so this page can be printed and used as a tentative checklist. 

Steps To Follow

Description

Notes

Done 

Closing

 

 

 

 

 

Verify Financial Plan

 

 

 

 

 

Verify Insurance

 

 

 

 

 

Permit Applications Made

 

 

 

 

 

Dumpster

 

 

 

 

 

Demolition

 

 

 

 

 

Landscape Rough

 

 

 

 

 

Pressure Wash

 

 

 

 

 

Construction Clean

 

 

 

 

 

Foundation Underground Work

 

 

 

 

 

Roof Fascia Soffit

 

 

 

 

 

Windows Doors

 

 

 

 

 

Siding

 

 

 

 

 

Rough Carpentry

 

 

 

 

 

Exterior Paint

 

 

 

 

 

Concrete Work

 

 

 

 

 

Plumbing Rough

 

 

 

 

 

AC Rough

 

 

 

 

 

Electrical Rough TV Telephone

 

 

 

 

 

 

 

 

 

 

 

Rough Inspections

 

 

 

 

 

Insulation then Inspection

 

 

 

 

 

Landscape Final

 

 

 

 

 

Drywall

 

 

 

 

 

Carpentry Trim

 

 

 

 

 

Interior Paint

 

 

 

 

 

Cabinets Vanities

 

 

 

 

 

Plumbing Trim

 

 

 

 

 

AC Trim

 

 

 

 

 

Electrical Trim

 

 

 

 

 

Carpet Flooring

 

 

 

 

 

Appliances Installed

 

 

 

 

 

Construction Cleaning

 

 

 

 

 

Punch List 

 

 

 

 

 

Final Inspection

 

 

 

 

 

Corrections

 

 

 

 

 

House For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Closing

Verify Financial Plan

Verify Insurance

Permit Applications Made

Dumpster

Demolition

Landscape Rough

Pressure Wash

Construction Clean

Foundation Underground Work

Roof Fascia Soffit

Windows Doors

Siding

Rough Carpentry

Exterior Paint

Concrete Work

Plumbing Rough

AC Rough

Electrical Rough TV Telephone

Rough Inspections

Insulation then Inspection

Landscape Final

Drywall

Carpentry Trim

Interior Paint

Cabinets Vanities

Plumbing Trim

AC Trim

Electrical Trim

Carpet Flooring

Appliances Installed

Construction Cleaning

Punch List 

Final Inspection

Corrections

House For Sale

HouseFlipGuide Home

Research Home

Details Home

Steps Home

 

 

Prepared 2006-2011 David Ullian Larson 
dularson@bellsouth.net

Other websites which may be of interest:
http://www.electricianeducation.com

http://www.electricianmath.com
http://www.technicianeducation.com
http://www.visiteuropeonline.com

http://www.swedenroots.com
http://www.stampdealerlots.com 
http://www.oldpostcardsforsale.com
http://www.greenfieldvillageonline.com
http://www.6901st.org