Having worked on real estate projects up and down the East Coast for more than 20 years, Samuel Lehrer of Miami has become an authoritative voice in the industry. Below, he shares his professional insight into why house flipping in North Carolina has skyrocketed in recent years.
Samuel Lehrer of Miami has experienced the highs and lows of the real estate industry over decades of overseeing ambitious building projects across the country. He’s witnessed areas of growth and periods of shrinking, and he has become an expert on house flipping markets in many states.
“More and more people are attracted to the idea of home flipping as it has a high return on investment,” says Samuel Lehrer of Miami. “Right now, there’s a house-flipping boom in North Carolina thanks to a handful of unique perks the state has to offer buyers.”
After serving as an integral part of a variety of house flipping projects, Lehrer has come to recognize the high value in renovating properties instead of demolishing and starting from scratch. In recent years, he’s seen how North Carolina has drawn in many people from northern states who are choosing to retire there or resettle their families. He has a handful of insightful theories why the house flipping boom has settled on the Carolinas.
“Without a question, the housing prices in North Carolina are a major draw since they’ve remained much cheaper than more populated regions for decades,” says Samuel Lehrer of Miami. “Buying a home and even selling a home there is often much cheaper than other Eastern states without being too far inland or isolated to scare buyers away.”
Lehrer also mentions that North Carolina still has plenty of undeveloped land, making it a blank canvas for the future. The homes in the state tend to come with plenty of land, which attracts people from more populated cities, and the land leaves plenty of opportunities for future developments.
“North Carolina is such a rich, rural area with plenty of scenery and connection to nature, and that brings in buyers from large cities looking to escape the bustle,” says Samuel Lehrer of Miami. “It offers its own kind of lifestyle with all the hiking trails and rivers plus unique sights like mountains, forests, and valleys teeming with life. Who wouldn’t want to own a home there?”
He notes that the area has been settled for hundreds of years and that plenty of sturdy houses have been built in the state over time. People looking to flip homes have plenty of options available, and the state continues to draw in a diverse crowd who are eager to cash in on North Carolina’s rich lifestyle.
“North Carolina is both a booming buyer’s and seller’s market attracting people from all over the country,” says Samuel Lehrer of Miami. “The state offers plenty of intrinsic value, and there are thousands of affordable homes in need of renovation just waiting on the market for the right buyer.”