There’s something exceptionally satisfying about a great before and after home moment. Trending mainly overseas, some have gone so far as to make solid careers out of beautifying real beasts. It’s called house flipping, and it’s become much more than a side hustle.
The concept of house flipping is all about buying cheap, renovating smart, and selling big.
Flip or Flop, Flipping Vegas and Property Brothers are just three examples of businesses that have grown so far as to become television shows. Viewers love to see results. And house flippers are making big bank.
Celebrities have even jumped on board. Ellen Degeneres may be the most well-known celebrity house flipper, with several successful flips under her belt. But her most lucrative flip came in July 2014 when she sold LA’s famed Brody House to Sean Parker for $55 million, $15 million more than she paid just six months prior. That’s more than R613 million in profit.
Bringing the concept home to South Africa is Stephen (Steve) Baron. He flipped a Johannesburg home and the results are epic. With over a million views, people seem to agree.
“Project H” took 65 days to renovate, and after spending just over R2 million, Steve sold the house for R3 300 000. The DIY guru made a R970 000 profit.
Check out “Project T”, too:
Picture: Screenshot / Youtube