(Home) Flip or Flop?

Isn’t it ironic how we have gone from a handful of TV channels as a child growing up in the 80s to over a thousand today yet there seems to be even less to watch? Occasionally I flip through the channels (no pun intended) and see one of the too-many-to-name home renovation shows. The main premise is that the host finds a house with many problems and spends about a half hour overcoming unexpected issues before revealing a beautiful, remodeled home to the cameras.

There is no shortage of houses that are bought with the sole purpose of being renovated and sold quickly, usually within a few months. The common term for this type of property is a flipped house and those who buy these type of homes are known as flippers. Ask any home inspector their opinion of flipped houses is and I doubt there will be many positive stories. The term “lipstick on a pig” is one I hear other inspectors throw around regularly and I can’t say I disagree with it.

The main concern most home inspectors have is that flippers in general have a financial incentive to cut corners, especially in our current seller’s market conditions. There is a saying you might have heard that says “kitchens and bathrooms sell homes”. What this means is that important areas such as plumbing, electrical, roofing, etc. are usually not given as much priority as they should. I compare this to a refurbished car: sure, a new paint job, a reupholstered interior and shiny rims are great, but it is far more important to replace the engine, tires and transmission.  

Another concern is that many amateur house flippers, while well intended, simply do not understand the large scope of a home renovation and how difficult, complicated, and expensive a task like this is. This is made far worse by the construction boom we are experiencing, where many skilled trades are booked well in advance on one of the many high rise apartment buildings under construction in the Halifax area. When I was working in home improvement retail in the early 2000s one of the saddest things we saw regularly was distressed DIYers who got in way over their heads and ended up needing to have professionals re-do much of the home improvement work at significant cost and inconvenience.  

That isn’t to say that all home flippers are bad or are well-meaning-but-ignorant: there are many quality home flippers who care about providing a great home and a flipped house can be a great way to get a like new, turnkey house in an established neighbourhood. Often it can be difficult to tell whether a home rehab was comprehensive or just done on a surface level and for these reasons and more it is important to always have a flipped house inspected prior to purchase. Home inspectors have the training and experience needed to look past shiny cabinets or granite countertops and towards what is ultimately most important in maintaining an affordable, safe, and healthy home. Hopefully with the help of an inspector your flip doesn’t become a flop.