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10 Dos and Don'ts for Maximizing Your Profit Potential

By Michelle Whitt
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Do have your budget, timeline and strategy in place before making the purchase.
« Don't procrastinate - if quick revenue is your real aim. | Do get a professional home inspection. »
Determine your selling price ahead of time so there are no surprises. Some factors that can cut into profits are:

  • Purchase price and repair costs
  • Realtor commissions or advertising
  • Taxes, homeowners' fees, insurance and utilities

To help minimize some of these costs, stay organized, plan well and stay on-schedule.



Do know your market.

Do look for cosmetic-only repairs.

Do be prepared to do the work yourself.

Do know the features that will sell a home quickly.

Don't ignore curb appeal.


Don't procrastinate - if quick revenue is your real aim.

Do have your budget, timeline and strategy in place before making the purchase.

Do get a professional home inspection.

Do know your financing options.

Don't start with a high-risk property.


Bonus Tip: Do consider using the services of a Realtor.
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