{"id":2787,"date":"2024-05-13T16:02:54","date_gmt":"2024-05-13T21:02:54","guid":{"rendered":"https:\/\/tomo.com\/blog\/?p=2787"},"modified":"2024-05-31T11:56:10","modified_gmt":"2024-05-31T16:56:10","slug":"the-best-home-flips-in-phoenix","status":"publish","type":"post","link":"https:\/\/tomo.com\/blog\/the-best-home-flips-in-phoenix\/","title":{"rendered":"The Best Home Flips in Phoenix"},"content":{"rendered":"\n<p>When you think of the land of opportunity, is Phoenix, Arizona the first place that comes to mind? This desert city is entering yet another growth cycle, with <a href=\"https:\/\/www.moneygeek.com\/living\/top-cities-job-seekers\/\" target=\"_blank\" rel=\"noopener\" title=\"\">one of the best job economies in the country<\/a>, with the average salary 20 percent higher than the national average. At the same time, median home prices are below the national average\u2014at least for now.\u00a0 At Tomo, we&#8217;ve made it easy for you to search for <a href=\"https:\/\/tomo.com\/collections\/cheap\/phoenix-az\" title=\"cheaper homes in Phoenix\">cheaper homes in Phoenix<\/a>-which could be ideal for flipping.  <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Phoenix is poised for another real estate boom, which points to rising home values. Real estate company Tomo analyzed the top home flips in the United States and found that <a href=\"https:\/\/tomo.com\/phoenix-az\">Phoenix is a standout in multiple categories<\/a>. With major tech companies and new residents eager to call Phoenix home, this is an attractive time to update and list your property.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-1-edmonds\"><strong><strong>Keep on the sunny side<\/strong><\/strong><\/h4>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The Phoenix metro area draws people from across the nation. Fortune 500 companies and small businesses alike put down roots in this growing city. <a href=\"https:\/\/www.payscale.com\/research\/US\/Location=Phoenix-AZ\/Salary\" target=\"_blank\" rel=\"noopener\" title=\"\">The top employers in Phoenix<\/a> are Banner Health, American Express, Amazon, and Walmart\u2014all of which are also in growth cycles of their own. With a projected job increase of 48.2 percent over the next ten years, job seekers will continue to flow to Phoenix.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Many newcomers are arriving from larger cities like San Francisco, New York, Seattle, Los Angeles, and Austin. These ultra competitive real estate markets make home ownership impossible for most working people. In Phoenix, however, buying property is a real option. The top five flips identified by Tomo shared all the elements of perfect starter homes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Renovated interior<\/li>\n\n\n\n<li>Low maintenance landscaping<\/li>\n\n\n\n<li>Access to freeways and public schools<\/li>\n\n\n\n<li>New weather proofing and appliances<\/li>\n\n\n\n<li>Great value and a fair price<\/li>\n<\/ul>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Tomo found that <a href=\"https:\/\/tomo.com\/phoenix-az\">the most successful home flips in Phoenix, AZ<\/a> made the most of the properties\u2019 attractive qualities. All these homes were complete home renovations. The top flip increased its sale price by 233 percent. In total, all five flips generated an increase to sales price of $1.2 million, and were flipped in as little as five months.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-2-issaquah\"><strong>Put your best foot forward<\/strong><\/h4>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Managing a successful home flip can feel overwhelming. However, identifying your property\u2019s potential may be key to closing at more than double your purchase price. Open floor plans, new HVAC and interior climate control options, new windows, and other features attract buyers who want the most value for their money. Curb appeal is second to common sense in this market, especially when it comes to the weather.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Phoenix is a desert lover\u2019s dream, with gorgeous sunsets, great restaurants, and constant sunshine. However, the climate can be intense for people who aren\u2019t familiar with the Southwest. Summer temperatures make indoor comfort non-negotiable. Smart flips take this into account. You don\u2019t have to install a solar panel in the front yard\u2014but it might pay off!<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The most valuable flips included brand-new renovations and installations that can handle 100-degree summers, but still keep cozy during the mild winters. Here are the top 5 listings that made our Best Flip list: <\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-3-bainbridge-island\">#5&nbsp;<a href=\"https:\/\/tomo.com\/property\/id-1063767056\">1757 East Chambers Street<\/a><\/h4>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>When style and solid design intersect, it\u2019s a beautiful thing. This flip captures the best of both with brand-new hardware, a new air conditioning system, a new water heater, new windows, and more. A new roof and new exterior stucco add energy-saving elements as well. Inside, classy grey cabinetry, a gourmet kitchen with a backsplash and stainless steel appliances, and custom tiling throughout the home make this comfortable 3-bedroom property feel luxurious and roomy. With only a five-month renovation, this flip increased its value from $155K to $377K\u2014a change of 143 percent.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-4-bellevue\">#4 <a href=\"https:\/\/tomo.com\/property\/id-1419635093\">1823 East Harvard Street<\/a><\/h4>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Love the architecture of bygone decades? This 1930s home is pure Old Hollywood glamour, with black and white accents that showcase its vintage features. Originally purchased in 2023, the property underwent an extensive and total renovation, selling eight months later for $616K. The home\u2019s fully upgraded interior plays to the black-and-white theme, with white quartz countertops and white subway tiling in the showers. A new roof and stucco, new windows, new air conditioning system, and covered parking took this classic beauty into the modern age.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-4-bellevue\">#3 <a href=\"https:\/\/tomo.com\/property\/id-2302692042\">514 East Charleston Avenue<\/a><\/h4>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>This fully renovated manufactured home offers plenty of room to grow, both inside and out. Located in a quiet, well located North Phoenix neighborhood, this flip features a spacious split master floor plan and two-car garage. A new HVAC unit, dual pane windows, and a large fenced yard offer privacy and protection\u2014not to mention abundant space for trailers, boats, and slab parking. New stainless steel appliances and a new roof are the cherry on top. This home sold in 2022 for $142K. Post-flip, its price tag was 146 percent higher, closing at $350K.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">#2 <a href=\"https:\/\/tomo.com\/property\/id-7646909379\">208 West Wier Avenue<\/a><\/h4>\n\n\n\n<p>The price tag on this charming flip only sweetens the deal. This 3 bedroom, 3 bathroom home is perfect as a first home or investment property. Purchased for $110K in 2023, this home sold only five months later for $300K. The house has been painted in classic Southwest colors in and out. It sits inside a spacious fenced yard. The interior is fully renovated, with new tile flooring, two new full baths, and an all-new kitchen with new cabinets and backsplash. New air conditioning, new ceiling fans, and new windows with sunscreens help summer-proof this adorable home.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">#1 <a href=\"https:\/\/tomo.com\/property\/id-3720653293\">2506 East Allan Street<\/a><\/h4>\n\n\n\n<p>While it may look humble from the sidewalk, this fully renovated home is incredibly classy inside. Its open living room is filled with natural light. The key word for this home is <em>new<\/em>, with brand-new floors, fresh paint, recessed lighting, ceiling fans, kitchen, bathrooms, and more. Best of all, the backyard showcases stunning mountain views of South Mountain. This home sold in 2023 for $90K, but after its flip, more than doubled its purchase price. Only six months later, it sold at $300K-233 percent above its initial purchase price. <\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Are you contemplating a total renovation? Want to make the most of Phoenix\u2019s booming economy and overall growth trends? Now might be the time to flip. New buyers in Phoenix are looking for fully renovated homes with summer-smart upgrades that are built to last.&nbsp;<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Research <a href=\"https:\/\/tomo.com\/collections\/cheap\/phoenix-az\" title=\"cheap homes in Phoenix\">cheap homes in Phoenix<\/a>, or the check out our list of <a href=\"https:\/\/tomo.com\/sitemap\/collections\/cheap#arizona\" title=\"cheap homes in the US,\">cheap homes in the US,<\/a> to see if you can find your next investment property.  Want to see what not to do when flipping a home, check out Tomo&#8217;s <a href=\"https:\/\/tomo.com\/blog\/house-flipping-flops-what-can-go-wrong-and-how-to-avoid-the-pitfalls\/\" title=\"House Flipping Flops\">House Flipping Flops<\/a>. Or, want to get into the flipping market and not sure how, learn more with Tomo&#8217;s tips in <a href=\"https:\/\/tomo.com\/blog\/house-flipping-101-how-much-does-it-cost-how-much-money-can-you-really-make\/\" title=\"House Flipping 101.\">House Flipping 101.<\/a> <\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div style=\"padding-top:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30);padding-left:var(--wp--preset--spacing--30);padding-right:var(--wp--preset--spacing--30);margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--30);margin-left:0;margin-right:0;\" class=\"has-link-color wp-elements-6ca39df54d2cee3ace766f20f3aceba3 wp-block-post-author has-text-color has-contrast-color has-background has-tertiary-background-color has-large-font-size\"><div class=\"wp-block-post-author__avatar\"><img decoding=\"async\" width=\"96\" height=\"96\" src=\"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-96x96.webp\" class=\"avatar avatar-96 photo\" alt=\"\" srcset=\"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-96x96.webp 96w, https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-300x300.webp 300w, https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-150x150.webp 150w, https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-768x768.webp 768w, https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-24x24.webp 24w, https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-48x48.webp 48w, https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/foster-profile-jpg.webp 783w\" sizes=\"(max-width: 96px) 100vw, 96px\" \/><\/div><div class=\"wp-block-post-author__content\"><p class=\"wp-block-post-author__name\"><a href=\"https:\/\/tomo.com\/blog\/author\/foster\/\" target=\"_self\">Claire Rudy Foster<\/a><\/p><p class=\"wp-block-post-author__bio\">Claire Foster writes about money, ethics, and where the two intersect. Their work has been featured in The Washington Post, The New York Times, The Guardian, and more. Foster lives in the Pacific Northwest.<\/p><\/div><\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This desert city is poised for another real estate boom. Is now the time to scoop up an investment property? <\/p>\n","protected":false},"author":30,"featured_media":2792,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-2787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/05\/pheonix-best-home-flips-tomo-jpg.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/comments?post=2787"}],"version-history":[{"count":7,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2787\/revisions"}],"predecessor-version":[{"id":2954,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2787\/revisions\/2954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media\/2792"}],"wp:attachment":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media?parent=2787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/categories?post=2787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/tags?post=2787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}