Finding the best home flips in East Cobb

Sponsored Post: Finding the best home flips in East Cobb

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Sponsored Post: Finding the best home flips in East Cobb

Please note: This is a paid advertisement from Tomo.com.

As interest rates begin to trend down throughout the year, the real estate market is ripe for high-return home flips. Lower rates will mean more potential buyers—and higher valuation. If you’re considering flipping your property in 2024, the key word is “timing.” A successful flip in East Cobb, GA is as much about timing as about the features and improvements you choose to add to your home.

Tomo, a Stamford-based real estate company, analyzed the most successful home flips in East Cobb. These top 10 best flips generated combined resale prices that were $3.2 million over the initial purchase prices. How did they close with increases as high as 120 percent? The secret isn’t just “how” but “when.”

Identifying what to renovate

The most valuable flips share one thing in common–the entire home was remodeled–some homes were taken down to the studs. Open floor plans, new kitchens with granite or quartz countertops, stainless steel appliances and finished basements were just some of the home improvements. But aesthetic changes weren’t the only upgrades, behind-the-wall updates were also made, including new electric, HVAC, insulation and plumbing. The most amazing fact about some of these flips–3 on the list were accomplished in only 4 months!

Tomo’s Top 10 Best Flips in the East Cobb area:

City Initial Purchase Price  Resale Price  % Change
Marietta $165K $365K 121%
Roswell $465K $989K 113%
Marietta $195K $399K 105%
Marietta $612K $1.25M 104%
Marietta $200K $405K 103%
Roswell $420K $850K 102%
Marietta $270K $525K 94%
Marietta $230K $435K 89%
Marietta $220K $405K 84%
Roswell $430K $790K 84%

Finding the best home flips in East Cobb

Methodology 

We needed to first find homes that were actually “flipped” (i.e., where there was a focused investment on renovating and subsequent reselling of the property). So, we analyzed home purchases (and re-purchases) from January, 2022 through March 30, 2024, and excluded any “new construction” properties. We only looked at houses that were bought and sold within 90-365 days, and didn’t include places that might be in the middle of a flip or that haven’t sold yet. We then analyzed the listings to see whether those properties used terms like “new kitchen,”  “new windows,” or “gut renovation” in the description from their agents, which are a pretty clear signal that the property was invested in with a flip as the endgame.

By looking at the original sale price versus resale price, compared to the increase in property value across the area over the same time period, we were able to identify which homes had the highest resale returns. Since there aren’t universal costs associated with development and renovation (e.g., square footage benchmarks don’t typically reflect the real range of costs for a premium home flip). We opted instead to compare cities “apples-to-apples” on original purchase price vs. resale price. 

Want to know more about flipping homes?

If you are looking for tips, look no further than House Flipping Flops for what NOT to do, or our House Flipping 101 Guide. Happy Flipping!

Finding the best home flips in East Cobb

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