What do you need to do after buying the house

The first thing you should do after buying the house is to go around the house and compose a list of projects you would like to do with the house that needs to be done. There are a lot of issues when flipping and it is more complex than buying an old house, changing a few things here and there and selling it the next week. You need to walk through with a pen and paper and start making notes of all the repairs, whether they are small or large, and figure a budget. Once you've figured out just how much work needs to be done on the house and you have made an ideal budget, you need to go to the bank and take out a loan that will cover the costs of the flip and anything extra for a backup in case anything goes wrong. After you have taken out the loan you will need to find a team of builders, contractors and other professionals to make sure the job gets done right the first time and without missing anything major that might do more damage to the house or risk pushing your project behind schedule. After you have done that you will then want to start to rehab a house. You will want to make sure to decorate the house the way most people like, to keep attention of a larger group of buyers. You don't want to make the mistake of personalizing the house to how you like it because the buyer may not be interested in a red bathroom or purple kitchen! Try to keep neutral colors on both the interior and exterior, as well as using common building trends. When the work is completed you'll want to make sure that it meets the building codes in the area. If you aren't sure, either find out by getting information first or just steer clear. It could hurt you in the end if you do not do your research on building codes.