5. Overcapitalising with expensive fixtures and fittings
If you’re looking to flip a basic apartment or mid-range family home, you don’t need to spend big money on renovating the property. You want it to look nice and present well, but that doesn’t mean buying top of the range. There are fixtures and fittings that you can buy that look great but are considerably cheaper than the top-end European types. It’s about getting bang for your buck. Every dollar saved puts more profit in your pocket.