Property flipping is really nothing more complex than buying something at a discount, putting a markup on it and turning around and selling it. However, purchases from a builders hardware supply store can really eat into your profit margins if you don’t have a reliable source of wholesale building supplies. However, you are in luck: these days, there is no shortage of cut rate builders hardware supply stores online as well as in the brick and mortar world. Discount home remodeling supplies are your key to making real money in the house flipping game.
Getting It Cheap
One of the best ways to get access to discount home building supplies is to become a member of a local or regional builder’s or contractor’s association. Membership in such an organization usually entitles one to purchase wholesale building supplies at prices much lower than are normally available to the general public.
Another way to get discount home improvement supplies and materials is to open an account at a store such as Home Depot or Lowes. Since these chains sell in volume, they can afford to extend special discounts to contractors – and usually do when professionals in the construction trades open a credit account with them.
Discount Contractor Supplies You’ll Need
The advantage to belonging to a contractor’s association or opening a charge account at a major builders’ hardware supply retailer (or both) is of course buying power; again, this goes back to volume, meaning often steep discounts on necessary materials such as:
If you were not able to purchases discount home building supplies at lower prices this way, you would probably wind up spending all your profits on a house flip in fixing the place up.
Another Source of Discount Contractor Supplies
One growing trend in discount home improvement supplies is recycled materials. These are essentially salvage operations that gather materials from demolition sites and resell them. While not new, these materials are usually quite usable (they include doors, lighting fixtures, plumbing fixtures and more) and the price is very competitive with new wholesale building supplies. In addition, it’s a “green” thing to do, since these materials would otherwise wind up in a landfill.