Good As New Ventures is the division of DLP dedicated to “flipping” properties. We renovate run down and distressed homes and turn them into “good as new” homes with desirable features like hardwood floors, cherry cabinets, granite, ceramic tile, and central air. Good as New Ventures focuses on “average priced” homes in nice areas but renovates everything from homes under $100,000 to luxury single family homes over $1,000,000. In 2016 alone, Good As New Ventures renovated more than 30 homes with a 75 mile radius of Bethlehem, Pennsylvania!
Our Home Flipping Process
Acquiring Distressed Properties
DLP Realty is able to acquire a large inventory of distressed properties, primarily through its Immediate Buyout Program. This program offers home owners the option of selling their home directly to DLP Realty when they need to sell quickly, or if they’d prefer to avoid the hassles of putting their home on the market. Homeowners receive an up-front cash offer with no strings attached.
Rehabbing Distressed Homes
The DLP Builders team evaluates each home in depth and prepares a 45-55 page scope of work evaluating every detail of the home. We evaluate adding central air; upgrading mechanicals; new windows and doors; and improving the cosmetics of the home (i.e., flooring, kitchen cabinetry, counters, vanities, lighting). Finishing details include lighting packages, cherry cabinets, granite counters, tile, paint, etc.
Selling Fully Renovated Homes
When it comes to selling homes, DLP Realty is the premier marketing and sales team in the industry. With more listings than any one else in the region, DLP Realty sold 1,126 homes in 2016 alone! This is why we are ranked as the #1 Real Estate Team in PA & NJ and the #8 team in the nation by the Wall Street Journal. We utilize the most innovative and aggressive programs anywhere to get results.
Managing Renovated Rental Properties
Revovated homes that DLP Realty decides to hold on to as income-producing rental properties are managed by our Property Management team. DLP Property Management manages more than 2,000 properties and boasts a 96% occupancy rate — an incredible statistic for the industry.