In 2021, 323,465 homes were flipped in the United States alone, and they generated an average of $65,000 in profits each time. When the profit potential is that big and the actions required to take your cut are so complex, you’re going to need a little help staying organized and efficient.
Many home flippers find exactly the help they need in home flipping software.
But make no mistake — there are dozens and dozens of programs to choose from, and they are by no means created equal. Some are much better than others, and your choice could have a profound impact on whether your home flipping efforts flop or flourish.
How do you make your choice? By seeing the article below. Read on to learn everything you need to know about home flipping software and how to use it to increase your profits in 2022.
What types of software do you need to flip a house?
Many of the best pieces of house flipping software are not actually called “house flipping software.” They’re often multi-purpose and multi-functional programs that have capabilities that are extremely helpful to those of us who want to flip homes for a living.
In general, home flipping software needs to have all of the capabilities of design layout and floor plan software, interior design and material software and project management software. Here’s more information on each of those categories:
Design Layout and Floor Plan Software
You’ve purchased a home and intend to flip it for a profit. You shouldn’t need to make any changes to the layout or floor plan, right?
Wrong. In fact, intelligent design changes that alter the floor plan or layout of a home can increase its value astronomically. That’s why the most experienced house flippers use design layout and floor plan software to run their businesses.
Here’s how it works: You recreate the home inside your floor plan software in both 2D and 3D and then model potential changes that could increase the home’s value. For instance, you might consider knocking down a wall or two to go for a more open-concept aesthetic. In any case, layout and floor plan software allows you to see the changes before you invest thousands in actually making them.
Interior Design and Material Software
While floor plan software allows you to model and preview changes to the fundamental layout of a home you are flipping, it may not always let you see what particular decorations, furnishings and decorating styles would look like inside the home.
But that’s an essential part of selling a home — you have to be able to sell the vision of the home as it will look when it’s lived in. And to do that, you have to be able to decorate the home somehow.
You don’t want or need to spend thousands of dollars on actual decorations and furnishings that the eventual buyer may want nothing to do with. Instead, you can use interior design and material software to virtually stage the home exactly the way you want it.
Top interior design software will give you a massive library of 3D decorations and furnishings, as well as hundreds of different materials and surface coverings, to place into the virtual version of the home you hope to flip. That way, you can match the style of your ideal buyer and make a quick, profitable sale much more likely.
Project Management Software
Finally, your house flipping software suite won’t be complete without some kind of project management tool. That’s because you’re juggling hundreds of tasks, each of which impacts the next and can be essential to selling the home on schedule and at a profit.
Who can keep track of all of that? Almost no one. But top project management software can keep every task organized and easy to visualize.
How to Choose the Best Software
House flipping is all about keeping costs down and sale prices high. To that end, when you are trying to choose the best house flipping software for your business, you need to look for powerful, full-featured software that combines some or all of the essential functions you need.
Otherwise, you’ll end up paying for three or more expensive pieces of software when just one might have done the trick. Remember — every additional dollar you spend eats away at the eventual profit you hope to turn on each house your flip. And many of the types of software you might use for house flipping purposes are not one-time purchases — they are ongoing, usually monthly, charges.
In other words, your choice of home flipping software matters not just for your daily ease of use and efficiency, but your ability to keep your house flipping business as profitable as it should be.
So, do your research. Test out some different programs and see which ones work best. Cedreo, for example, combines floor planning, layout, interior design and even aspects of project management to provide a powerful house flipping software that can help you scale your business. Try it for free today.