If there are some celebrities that you absolutely love, you may have wondered what they enjoy doing in their free time. A lot of celebrities like to keep their cards close to their chest, as they want the privacy that they don’t really get with their careers. What you may not know is that there are actually a lot of celebrities that love to flip houses. You have to remember that a lot of them have a lot of expendable income and so it makes sense for them to be able to spend it on something expensive like a house. Here is a look into some of the celebrities that not only flip houses, but they also flip damaged homes.

Scott Disick

If you are a fan of Scott, you will likely recognize him from the hit show, Keeping up with the Kardahsians. What you may not know is that Scott actually received his own show dedicated to his love of flipping homes. He has a lot of expendable income and so of course he has put it to good use and he has been spending his money exploring his love of architecture and design. He also took on a lot of houses after the Florida wildfires with the plan of bringing them back to life. He was aware that selling a house in Florida with structural problems would have been hard on the victims, so he has bought a lot of the homes to help with the efforts.

Courteney Cox

One of the most famous celebrities to take part in this trend is Courteney Cox. The Friends star reportedly purchased a home in Los Angeles in 2011, which she then completely renovated and sold for a much higher price. The home was originally in a state of disrepair, but Cox was able to utilize her design skills to turn it into a beautiful and marketable property. The actress was able to make a large profit from the sale of the home, proving that flipping a home can be a lucrative venture for anyone with the right skills and know-how.

Sharon Osborne

Sharon Osborne is one of the few celebrities to have famously flipped a damaged home. She purchased a dilapidated property in Los Angeles for $3.2 million in 2018, and quickly set to work transforming it into her dream home. Despite the home’s state of disrepair, Osborne was determined to bring it back to life, spending more than $1 million on renovations and repairs. She invested in a new roof, as well as building a pool, a guest house, and a recording studio. Osborne also had the entire property landscaped, and designed beautiful gardens throughout the property. Her hard work, dedication, and vision paid off, as the property was valued at $7.5 million upon completion. She has since created her own TV show to show off her house flipping talents and you can watch episodes of ‘Sharon Flipping Osborne’ online now.

Ellen DeGeneres

Ellen DeGeneres is one of the most famous celebrities to have flipped a damaged home. In 2018, she purchased a $27 million dollar estate in Montecito, California. The estate had been neglected and had fallen into disrepair. As part of the renovation process, Ellen added a guest house, a tennis court, a barn, and a meditation garden. She also updated the outdated landscaping, restored the pool and replaced the windows. She very openly discussed the house flipping process on her show and even gave her fans an insight into some of the difficulties that she had when she was flipping the house.

Jason Statham

Though Jason has developed a bit of a reputation as Hollywood’s hard man, what you may not know about him is that he has quite a love for house flipping. He has flipped numerous properties, thanks to his siblings having careers in construction, he has been able to keep costs quite low. What may surprise you is that Jason has a bit of flair for interior decorating and he has really enjoyed creating mood boards and working out where to add the extra flourishes. He has really enjoyed that doing this has allowed him to get in touch with his more creative side that he has not previously explored.

If you are interested in flipping houses like all of your favorite celebrities, it is really important that you do all of the necessary research. Not only is flipping a commitment of time, but it is a commitment of money and so you don’t want to rush into it.

When people are unfortunate enough to go through the event of a home blaze it is often the case that they will want to get rid of the property as soon as possible so that they are able to move on from the horrible experience. This is of course very sad for the people involved but if you are prepared to purchase these properties you will actually be doing them a favor by providing them with the funds that they need to live and taking away some of the stress from them. Buying these properties that are fire-damaged is a great opportunity to get land with building permission already established so that your project can go ahead and you can start from scratch.

Salvaging From the Damaged Property

There is also the opportunity for you to salvage materials and household items that could have survived the blaze that you can use in the project. As a courtesy, you should of course let the previous owners of the property try and salvage personal items before you start taking your pick, but it is likely that there will still be things left after they have done this.

This article will be looking at how you can use home wrecks to source valuable items like musical instruments and decor that you can refurbish and sell to be showcased in new homes. Buying a fire damaged house with burned instruments left behind can become a great hobby and money-making scheme for you, while also allowing you to get creative and transform something damaged into a unique item that people will pay a nice amount of money for.

Refurbishment

The refurbishment process would be great for those of you with a creative side, this can be a great outlet if you have a passion in this area and many people who would buy musical instruments are likely to go for something that has a backstory. You will need to source quality materials and don’t be afraid to get bright with your paint choices. This is a real opportunity for you to create instruments and decor pieces that stand out and are unique as this is going to hopefully generate a more memorable response with your customers.

Building a Business

If you want to build a business in this line of work then I would recommend that you expand your searches to scrap yards and secondhand stores as there should be lots of different pieces that you could restore to brighten up a new home. In order to build a reliable business, I would suggest that you start using social media and other platforms for marketing to document your process and advertise any items that you have for sale. This is relatively low risk as you can manage the business online until you start to get an idea of the demand in your area. You could also consider taking on customer requests with specific orders for items as this is a service that you can offer more money for.

Expanding the Business

When you get to the point in this business venture when you have reached a suitable success level for expansions, I would suggest that you start looking for premises for you to sell and work from. You could set up a workshop also where you can work on new projects in a space that is dedicated to working. A great opportunity that comes with buying fire-damaged property is the fact that you have a suitable space where you could build working premises and a small store where you showcase your work and generate custom within your local community.