Key factors for a successful house flip in Nepean (Ottawa), Ontario.

There are several important key factors and variables that must be considered to ensure a successful and profitable house flip.

Every single day counts. This is due to the sensitivity of the housing market in Ottawa, driven by supply and demand, a property mortgage or investor obligations where interest is accumulating daily, and the systematic variable we know as inflation.

Together, all creating pressure to acquire and possess, plan, design, renovate, and sell the property as soon as possible.

It’s imperative that the operation constantly progresses in a forward direction. The longer a project takes, the more it will cost, in turn, eroding net profit and affecting the return on investment.

Several strategies that we implement to help mitigate these risks are:

• Create a plan with the homeowner and complete a walk-through prior to the project beginning. This confirms the correct amount of labour is available to ensure that project timelines will be met.

• Work longer hours, weekends, and recruit additional labour if required to ensure that the next trades can begin work on their assigned start dates.

• Work with and complete any demolition or laborious tasks for the more expensive trades that are in short supply. This ensures that skilled trades stay on schedule, while reducing the average hourly cost. This is especially true for any “extras” that could arise.

Below is a recent residential house flipping project in Nepean (Ottawa), Ontario where the demolition was completed ahead of schedule, saving our client time and thousands of dollars!

With a large share of our business coming from house flipping clients, we’ve gained valuable experience, and over time, have played a larger role in contributing to the overall success of each project.

Thank you to all of the trades and sub-contractors that helped make this demolition a success.

Demolition Now offers residential and commercial demolition solutions for your project. We offer Dust-Free Demolition Services, and specialize in house flipping projects. Whether you're a contractor, home owner, or real estate agent, Demolition Now will save you time and money, and ensure that your project stays on, or ahead of schedule.

We look forward to hearing from you and becoming a part of your team!

Greg Dods

Owner / Operator

T: 613-220-5121

E: greg@demonow.ca

www.demonow.ca