What to Look for When Flipping a House: A No-Nonsense Guide

Flipping houses can feel like a high-stakes treasure hunt—except the treasure is buried under questionable carpet and outdated wallpaper. To help you strike gold instead of going broke, we’ve put together this guide on what to look for when flipping a house in Ontario. Whether you’re a first-time flipper or a seasoned pro, these tips will help you spot the winners, dodge the duds, and (hopefully) keep your sanity intact. 1. Location, Location, Profit! No amount of shiplap or subway tile can save a flip in a bad location. Before you get attached to that “diamond in the rough,” make sure it’s actually in a spot people want to live. What to Look For: Up-and-Coming Neighbourhoods: Areas with new businesses, improving schools, or planned developments. Low Crime Rates: Safety sells. Comps: Check what similar houses have sold for in the past 6 months. Red Flag: If properties in the area sit unsold for months, think twice. 2. The Bones—Because Lipstick Won’t Fix a Broken Skeleton Cosmetic iss...