Flipped homes are perfect real estate buys for people who love the look, feel, and convenience of an updated, polished, attractive home, without the fuss of building new or the headache of DIY renovations. Savvy real estate investors who know how to execute a top quality flip are honing in on the market of families who want the benefits of home ownership and need plenty of space for kids, pets, relatives, and life, but who often lack the time it takes to tackle serious remodeling.
When shopping around for locations to invest in family friendly flips, check out areas that combine the best features for raising kids with a great economy and plenty of industry for parents to have successful careers. These six towns will give you a sense of where, in America, your flip will yield the greatest return on your investment.
Lake Oswego, Oregon
Lake Oswego is a family oriented suburb of Portland, Oregon. Portland itself is a vibrant city, known for its gorgeous scenery and strong sense of community. It offers excellent schools, plenty of outdoor activities, a variety of cultural attractions—all important factors when it comes to raising a family. Lake Oswego takes Portland’s amenities to the next level. Think farmers markets, parks and playgrounds, and an involved community and you’ll understand why homes sell very quickly here.
Madison is a great college town where you can find a wealth of activities to keep kids entertained while also providing a safe, family-friendly atmosphere. Known for its outdoor recreation, cultural attractions, and numerous festivals, it’s an ideal spot for parents raising children. Madison’t housing stock is wide and varied, making it attractive to investors for every niche. There is speculation among social scientists that areas like Madison will be increasingly popular in the future, as climate change drives people away from extreme weather, and toward predictable, lovely seasons.
Rancho Santa Margarita, California
As one of California’s youngest and up-and-coming cities, Rancho Santa Margarita has a lot that young families crave. While Rancho Santa Margarita has a dense feel in terms of the amenities it offers, like walkability, cafes, and parks, it also serves up a wholesome community feel. When you check out Rancho Santa Margarita homes for sale, you’ll notice that it’s mostly single family homes ranging in age from the 1960’s to new builds, mostly in the Spanish mission style common to this region.
The capital city of Nebraska is a great place to raise a family. It has excellent schools, an excellent record for safety, plus plenty of opportunities for outdoor activities. Lincoln is also home to the University of Nebraska, making it an attractive destination to those looking for higher education options or employment. Families are attracted to the classic midwestern honesty and integrity as integral to the type of place great for raising kids. Investors like the strength of the real estate market in Lincoln and reasonable housing prices.
Brushy Creek, Texas
Brushy Creek is on the outskirts of Austin, a fun-loving city, known for its laid-back vibe and live music venues. Austin itself is one of the best cities in the nation for families due to its growing economy, affordable cost of living, excellent schools, and abundance of parks and outdoor activities. Brushy Creek gives families easy access to all that Austin has to offer, but in a quieter, suburban setting. Featuring home prices slightly above the Texas average, Brushy Creek’s mostly newer built homes tend to feature the layouts and amenities families want. It’s no surprise that demand is high and vacancies are low in this community, making it an interesting option to consider for investors.
Located outside Salt Lake City, Centerville’s friendly atmosphere and pleasant local amenities make it a hot spot for young professionals and people starting families. The school district is highly rated, as is the housing stock. Another selling point to Centerville’s real estate is the convenience for residents to commute into Salt Lake City, a scenic metropolitan area nestled in among the mountains and teeming with culture. The affordable median home values and proximity to desirable recreation sites for camping, skiing, and hiking make it a strong contender for flippable properties.