Tag: Home Improvement

Home buyer

7 Mistakes of first-time house buyers

Here are 7 rookie mistakes I’ve seen others make…I’ve bought and sold a number of homes now, and I watch these happen again and again.

The 7 Mistakes!


  1. They Buy at the Top of their Range. Don’t you want to be able to go out, travel, have a decent car or be able to weather a job loss? Always buy *below* what you can afford.
  2. They Are Misled By Beauty. There is a reason people hire staging companies or do minor upgrades – it sells homes. Don’t let the beauty of the interior mask real problems of the house…it is far more important that a house functions for you or doesn’t flood, than whether you love that midcentury light fixture.
  3. They Shop in the “Hot Neighborhood.” You don’t want the hot neighborhood…you want the *next* hot neighborhood. You will pay at the top of market for the cool factor of now…but if you buy in the next place to pop, you’ll have equity for days.
  4. They Make “Emotional” Decisions. This is the biggest financial purchase of your life…make it with your head, and not *only* your heart. You can fall in love with many homes, make it a smart purchase – make sure the numbers work, pay for solid inspections, and be able to walk away

5.They Only Think About the Mortgage Payment. That mortgage payment is only one expense of owning a home. You have utility costs, property taxes, school taxes, maintenance, etc..be sure to count those in because they can be significant! Check out the property taxes and other expenses early.

6. They Overlook “Grandma Homes.” An aesthetically “ugly” house with good bones, in a solid neighborhood is almost always a great investment. So what if it has shag carpet or an “ugly kitchen?” Buy the home, contract that out, and save yourself at least $100K off your purchase price. Even better? Do the work yourself over time & you can sell at a profit if or when you move.

7.They Shop For Others/Appearances. Don’t look for a place that will impress your friends, buy a house that works for you. It’s better to have a small yard for your pup, than a master bedroom that looks good on Instagram. You will appreciate that yard every day, and the “likes” aren’t worth it.

Apartment for rent

6 Best Practices for Flipping an Apartments and Maximizing Profits – Apartment for rent

One of the ways to earn huge profits in the real estate market is through flipping Apartments . Like any investment endeavor, however, it involves lots of work and risks. It is important to approach this carefully and with as much knowledge as possible.

Apartment for rent

So how exactly do you make money from buying an Apartment, renovating them, and then selling them down the road? Start by keeping these best practices firmly in mind.


6 Best Practices for Flipping an Apartments and Maximizing Profits - Apartment for rent 1

Make Sure You Have Great Credit or Lots of Investment Cash


The main idea behind flipping an Apartment is to buy a relatively affordable property, renovate and spruce it up, then sell it for a profit. But if you have a lousy credit score or if you do not have enough cash, then you can’t buy that investment Apartment in the first place.


Before doing anything, check your credit score. You can do this without cost by obtaining a credit report from any of the three national credit reporting companies in the Bahrain. If your credit score or cash reserve is not as good as it should be, then it is advisable that you focus on building it up first.

Invest in Standard or Entry-Level Homes

The Apartment market offers a wide range of property options, from studio apartments to single-family houses to 3 to 5-bedroom Apartment. How do you decide which of these you should go for?

The answer to that question depends on your capital, experience in the house flipping industry, and loads of market research. But if you’re a beginner, a good approach is to go for standard homes as there will be enough demand for that.

A standard house would have 3 to 4 bedrooms, is great for a small to medium-sized family (about 161 to 191 Sqm), and has an entry-level price tag (will vary depending on the area). The idea here is to find a property that you won’t find difficult to flip later on. Make sure as well to go for a house that won’t sink your budget come renovation time.

Find a Profitable Location or Neighborhood

One major thing you should keep in mind when fixing and flipping an Apartment is that, yes, you can increase a house’s value but it will be more difficult to improve its neighborhood. Therefore, always research the locations of any investment property you are considering to maximize return on investment.

A few things to check are how much your chosen home types are selling in the area and how fast they are being taken off the market. It is also a good idea to choose locations that are near you if you’re still a beginner at this. That way, you don’t overextend yourself when doing your research.

Seef, Manama, Muharraq, Hoora and Juffair have great property inventories at the moment and are definitely worth looking into. There are also a number of good listings in Bahrain that you should check out if you are based in Bahrain.

Research and Analyze Market Data


Apartment for rent

Assess your property options as carefully as possible. Do your due diligence, gather all of the important data, and make informed decisions. Do a risk vs. reward analysis. Deep dive into the costs of refurbishment in order to avoid costly surprises and mistakes later on.


It is also imperative to take advantage of home inspection services. When you buy a house for flipping, it should only need cosmetic upgrades to maximize profits. A house inspection can expose potential money pits hidden behind the walls or under the basement.


You should also do research into market trends. See which home upgrades people are more willing to spend money on. Factor in the data from your neighborhood analysis as well. For example, will there be new constructions in the area that will raise or perhaps lower the value of your investment property?


By looking into these matters, you will be more aware of what you’re getting into and, hopefully, avoid biting more than you can chew.


Buy and Renovate the House with the Help of an Excellent Team


House flipping is all about working with the right people. Perhaps you can do your own market research by yourself. But once you start the process of buying an investment property, you’ll have to work with other professionals. Be prepared to deal with realtors, lawyers, and home inspectors.


And once you are ready to start the renovations, you’ll need to find a great contractor and builders. So, find the perfect team for you. Make sure to vet any professional you decide to work with. Check their portfolio and see what their past clients are saying about them. By making sure that you are working with a good team, you minimize unwanted stress and expenses.


Flip the Home as Quickly as Possible

The longer your investment property stays on the market, the more expensive it will get for you. After all, you’ll have to pay for its maintenance and utility bills while it is still under your name. So, again, work with a realtor and even a staging professional to market your renovated house as effectively as possible. A quick sale should be your primary goal at this point for maximum profits.

Apartment for rent

Are You Ready to Flip Homes?

There is a lot to be gained from flipping homes. It can be a lucrative business for you with the right approach. Keep in mind the best practices above and good luck with your property investments!

Your Can also be interested in:-

Renting a property in Bahrain

Finding the right Property In Bahrain