I love watching HGTV and I have to admit they make it look easy. Which makes me sometimes wish I could just invest in real estate by buying and flipping houses. Though I realize that process is extremely more extensive than shown in a 30-minute TV show. So while I may dream of it, I don’t see that project in my immediate future. Though the 5 and sometimes even six-figure payday is extremely tempting. If you are interested and a little handier, you’d be interested to know that one of the best cities to flip houses in, is located in North Carolina.
Because if you are going to take on an expensive and involved project, you need to know the return on your investment is there. It doesn’t matter how fantastic the home is if you price yourself out of the area with the renovations. I’ve talked to some people who are from Waco, TX and this was part of the issue with the Fixer Upper Homes. The market to live in that area just couldn’t support the flipping of those homes.
To determine the best cities to flip houses in North Carolina and throughout the country, WalletHub compared more than 170 U.S. cities. They used 26 key indicators of market potential, cost, and quality of life. Their data set ranges from median purchase price to average full home remodeling costs to real-estate agents per capita.
Read the full study here or read on to see the Top 20 (including one NC city) and where the rest of the North and South Carolina cities rank.