Why people flip for Philadelphia<\/strong><\/h4>\n\n\n\n<\/div>\n\n\n\nPhiladelphia is a distinct, cosmopolitan city. Each neighborhood can feel like a little pocket of its own. Houses are one-of-a-kind as well, with a different look than its neighbors. Making the most of this sense of individuality can make a home feel more attractive. Buyers appreciate classic row houses and townhouses, brick accents, and modern interiors. A successful flip isn\u2019t a budget-buster. It turns a house with good bones into an extremely desirable home or investment property.\u00a0Find those houses with good bones on the cheap to maximize your profitability<\/a>. <\/p>\n\n\n\n<\/div>\n\n\n\nTomo\u2019s top 5 home flips moved fast, and had jaw-dropping increases in valuation. One of these homes flipped in less than four months. Each home more than doubled its value after a complete renovation, with more than $850,000 in combined profit for all five properties. <\/p>\n\n\n\n
<\/div>\n\n\n\nHere are the listings that made Tomo\u2019s Best Home Flips List.<\/strong><\/p>\n\n\n\n<\/div>\n\n\n\n#5 1731 Harrison St<\/a><\/h4>\n\n\n\n<\/div>\n\n\n\nEvery element of this home was fully remodeled, from its new chef\u2019s kitchen to the fresh turf in the backyard. This flip includes a huge finished basement, white shaker cabinets, granite countertops, tile backsplash, pendant lighting, brand new stainless-steel appliances, new plumbing and electric, and more. Sold in 2022 for $70K, this home increased its value by 257 percent, closing at $250,000 only one year later.<\/p>\n\n\n\n
<\/div>\n\n\n\n#4 2335 N Beechwood St<\/a> <\/h4>\n\n\n\n<\/div>\n\n\n\nFrom its roof to the brand-new water heater in the basement, this home got a total renovation and a lot of love. In less than a year, this property was transformed with luxury details like a rain shower, hallway sensor lighting, quartz countertops and a ceramic tile backsplash, and stainless steel appliances with voice enhancement. This home sold in 2022 for $40K. Its flip increased its sale price by 275 percent, closing at $150K.<\/p>\n\n\n\n
<\/div>\n\n\n\n#3 1721 Harrison St<\/a><\/h4>\n\n\n\n<\/div>\n\n\n\nA flip doesn\u2019t have to mean starting over. This home retained its classic, historic accents, such as a built-in fireplace, charming pillared porch, and open, bright windows that let in natural light. Updated kitchen appliances, white quartz and paint throughout, and modern touches like a floating sink and marble-tiled bathroom make this home feel fresh. The property sold for $82K in 2022. After a ten-month renovation, it sold at $309K, 277 percent over its original price.<\/p>\n\n\n\n
<\/div>\n\n\n\n#2 1414 N Allison St<\/a> <\/h4>\n\n\n\n<\/div>\n\n\n\nLocated in the friendly community of Carroll Park, this row house oozes craftsman charm. The lovely open porch welcomes visitors into a fully modernized living area with ample entertaining space, laminated flooring, marble and quartz tiling, new appliances, and a sunlit backyard. This house sold for $47K and underwent a five-month flip. It sold at 282 percent above its original price, for $179,900.<\/p>\n\n\n\n
<\/div>\n\n\n\n#1 5116 N 12th St<\/a><\/h4>\n\n\n\n<\/div>\n\n\n\nThis gorgeous classic brick home is fully renovated with brand new floors, fresh paint, a finished walk-out basement, new HVAC, and custom European style tile. There are four bedrooms upstairs plus a separate utility room and plenty of space for storage or a sublet. Purchased for $70K, this home added $200K to its price tag during a four-month flip and sold for $270K.<\/p>\n\n\n\n
<\/div>\n\n\n\nWhy list your property in Philadelphia now?<\/strong><\/h4>\n\n\n\nPhiladelphia is a growing city, absorbing transplants from both coasts and other parts of Pennsylvania. Rentals and owner-occupied homes are in high demand. Investors are seeking properties in neighborhoods that have been historically overlooked. According to Axios<\/a>, investors bought 40 percent of homes in North Philadelphia, including parts of West Kensington and Fairhill. Revitalizing and gentrified neighborhoods can expect to see dramatic increases in property values.<\/p>\n\n\n\n<\/div>\n\n\n\nIs your property or home in a desirable neighborhood? Wondering if it\u2019s worth the flip? This map of homes for sale in Philadelphia<\/a> shows average property values in the city\u2019s different zip codes. A four-month flip with good-quality appliances and amenities might put your property into competitive territory and make it extra appealing to families and investors alike.<\/p>\n\n\n\n<\/div>\n\n\n\nFor more house flipping tips, check out what not to do in Tomo’s House Flipping Flops<\/a>, or tips in House Flipping 101.<\/a> <\/p>\n\n\n\n<\/div>\n\n\n![\"\"](\"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-96x96.webp\")
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Philadelphia is a distinct, cosmopolitan city. Each neighborhood can feel like a little pocket of its own. Houses are one-of-a-kind as well, with a different look than its neighbors. Making the most of this sense of individuality can make a home feel more attractive. Buyers appreciate classic row houses and townhouses, brick accents, and modern interiors. A successful flip isn\u2019t a budget-buster. It turns a house with good bones into an extremely desirable home or investment property.\u00a0Find those houses with good bones on the cheap to maximize your profitability<\/a>. <\/p>\n\n\n\n Tomo\u2019s top 5 home flips moved fast, and had jaw-dropping increases in valuation. One of these homes flipped in less than four months. Each home more than doubled its value after a complete renovation, with more than $850,000 in combined profit for all five properties. <\/p>\n\n\n\n Here are the listings that made Tomo\u2019s Best Home Flips List.<\/strong><\/p>\n\n\n\n Every element of this home was fully remodeled, from its new chef\u2019s kitchen to the fresh turf in the backyard. This flip includes a huge finished basement, white shaker cabinets, granite countertops, tile backsplash, pendant lighting, brand new stainless-steel appliances, new plumbing and electric, and more. Sold in 2022 for $70K, this home increased its value by 257 percent, closing at $250,000 only one year later.<\/p>\n\n\n\n From its roof to the brand-new water heater in the basement, this home got a total renovation and a lot of love. In less than a year, this property was transformed with luxury details like a rain shower, hallway sensor lighting, quartz countertops and a ceramic tile backsplash, and stainless steel appliances with voice enhancement. This home sold in 2022 for $40K. Its flip increased its sale price by 275 percent, closing at $150K.<\/p>\n\n\n\n A flip doesn\u2019t have to mean starting over. This home retained its classic, historic accents, such as a built-in fireplace, charming pillared porch, and open, bright windows that let in natural light. Updated kitchen appliances, white quartz and paint throughout, and modern touches like a floating sink and marble-tiled bathroom make this home feel fresh. The property sold for $82K in 2022. After a ten-month renovation, it sold at $309K, 277 percent over its original price.<\/p>\n\n\n\n Located in the friendly community of Carroll Park, this row house oozes craftsman charm. The lovely open porch welcomes visitors into a fully modernized living area with ample entertaining space, laminated flooring, marble and quartz tiling, new appliances, and a sunlit backyard. This house sold for $47K and underwent a five-month flip. It sold at 282 percent above its original price, for $179,900.<\/p>\n\n\n\n This gorgeous classic brick home is fully renovated with brand new floors, fresh paint, a finished walk-out basement, new HVAC, and custom European style tile. There are four bedrooms upstairs plus a separate utility room and plenty of space for storage or a sublet. Purchased for $70K, this home added $200K to its price tag during a four-month flip and sold for $270K.<\/p>\n\n\n\n Philadelphia is a growing city, absorbing transplants from both coasts and other parts of Pennsylvania. Rentals and owner-occupied homes are in high demand. Investors are seeking properties in neighborhoods that have been historically overlooked. According to Axios<\/a>, investors bought 40 percent of homes in North Philadelphia, including parts of West Kensington and Fairhill. Revitalizing and gentrified neighborhoods can expect to see dramatic increases in property values.<\/p>\n\n\n\n Is your property or home in a desirable neighborhood? Wondering if it\u2019s worth the flip? This map of homes for sale in Philadelphia<\/a> shows average property values in the city\u2019s different zip codes. A four-month flip with good-quality appliances and amenities might put your property into competitive territory and make it extra appealing to families and investors alike.<\/p>\n\n\n\n For more house flipping tips, check out what not to do in Tomo’s House Flipping Flops<\/a>, or tips in House Flipping 101.<\/a> <\/p>\n\n\n\n#5 1731 Harrison St<\/a><\/h4>\n\n\n\n
#4 2335 N Beechwood St<\/a> <\/h4>\n\n\n\n
#3 1721 Harrison St<\/a><\/h4>\n\n\n\n
#2 1414 N Allison St<\/a> <\/h4>\n\n\n\n
#1 5116 N 12th St<\/a><\/h4>\n\n\n\n
Why list your property in Philadelphia now?<\/strong><\/h4>\n\n\n\n
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