{"id":49919,"date":"2024-12-24T04:39:00","date_gmt":"2024-12-24T08:39:00","guid":{"rendered":"https:\/\/www.univistainsurance.com\/?p=49919"},"modified":"2024-12-19T16:44:48","modified_gmt":"2024-12-19T20:44:48","slug":"house-flipping-insurance","status":"publish","type":"post","link":"https:\/\/www.univistainsurance.com\/blog\/house-flipping-insurance\/","title":{"rendered":"Secure Your Investment in House Flipping"},"content":{"rendered":"\n
House flipping has gained popularity thanks to TV shows that highlight its apparent simplicity: buy a property, renovate it, and sell it at a higher price. However, this business is not without challenges. Beyond buying low and selling high, success depends on factors like:<\/p>\n\n\n\n
Any setbacks can significantly affect the profitability of the project, making it crucial to have the right protection.<\/p>\n\n\n\n
The Risks of House Flipping<\/strong><\/p>\n\n\n\n On average, investors hold a property for three to four months while completing necessary repairs before selling it. During this time, unexpected issues can arise that impact profit margins.<\/p>\n\n\n\n Practical Example:<\/strong><\/p>\n\n\n\n Suppose you and a partner purchase a property for $150,000, plan to spend $80,000 on renovations, and project to sell it for $330,000 within three months. Halfway through the project, vandals break into the house, damaging parts of the structure and stealing tools, materials, and installed equipment. The damage exceeds $60,000. This event could:<\/p>\n\n\n\n The Solution: Builder’s Risk Insurance<\/strong><\/p>\n\n\n\n To protect your investment against unforeseen events, there is a specialized insurance called Builder’s Risk Insurance. This policy is designed for construction and renovation projects, offering coverage for:<\/p>\n\n\n\n Policy Flexibility:<\/strong><\/p>\n\n\n\n If an incident occurs, this insurance covers replacement costs, ensuring your investment remains secure.<\/p>\n\n\n\n In Conclusion: Protect Your Business and Guarantee Your Profits<\/strong><\/p>\n\n\n\n House flipping can be lucrative, but only if you\u2019re protected against unexpected risks. Don\u2019t put your money or plans at risk. Call 51³Ô¹ÏºÚÁÏÍø today and request a specialized insurance plan to protect your project and give you peace of mind.<\/p>\n","protected":false},"excerpt":{"rendered":" House flipping has gained popularity thanks to TV shows that highlight its apparent simplicity: buy a property, renovate it, and sell it at a higher price. However, this business is not without challenges. Beyond buying low and selling high, success depends on factors like: Any setbacks can significantly affect the profitability of the project, making […]<\/p>\n","protected":false},"author":8,"featured_media":49917,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[18],"tags":[1802,1806,1808,1804],"class_list":["post-49919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-insurance","tag-builders-risk-insurance-2","tag-house-flipping-insurance-2","tag-investment-property-coverage","tag-property-renovation-protection-2"],"acf":[],"yoast_head":"\n\n
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