Belmont is a quiet Mid-Peninsula city in San Mateo County located halfway between San Francisco and San Jose. Known for its small-town feel, 14 parks, and excellent school system, Belmont is a great place to call home, which is why houses in the area are in such high demand. With a limited housing inventory, buying and selling property in this Bay Area town is a great investment, especially for people looking to flip homes. However, before jumping into the market, it’s important to learn everything you can about the area.
Here is the ultimate guide for flipping houses in Belmont, California.
2023 Belmont housing market analysis
As the demand for houses continues to outpace the current supply, the price of homes in Belmont is on an upward trajectory that doesn’t seem to be slowing down. In fact, houses for sale in Belmont typically sell quickly, lasting less than 30 days on the market. As of June of 2023, the median selling price of homes in the area is around $1.9 million, which is slightly down from the $2.2 million price they sold for back in June of last year. Still, given that Belmont is deep within a seller’s market, homes are likely to appreciate further, increasing even more in value by the end of the year.
How to find the right Belmont properties to flip
When flipping properties in any area, the key to a successful flip is finding houses in the right locations. Nothing determines a home’s value more than its actual location. Because Belmont is such a highly desirable area, purchasing property nearly anywhere in the city will likely translate to a great return on investment (ROI). Still, some neighborhoods in Belmont are more desirable than others, such as Antique Forest and Belmont Woods, meaning buying property in these areas could result in a more successful flip. If you need help finding the right Belmont houses to flip, contact a local real estate agent.
Best neighborhoods in Belmont to flip houses
Since location is the key to flipping houses in Belmont, learning the best neighborhoods in the city to purchase a property is highly important. Therefore, here are the top Belmont neighborhoods to focus on.
Antique Forest
Containing some of the most significant Belmont landmarks, such as William Ralston’s mansion, Antique Forest is a large neighborhood in the city located near Notre Dame de Namur University. This Bay Area neighborhood offers a wide range of homes, most of which were built in the 1940s and 1950s. Some homes in the neighborhood hold the best views of the Mid-Peninsula market, making them highly desirable among luxury buyers.
Belmont Woods
Home to Belmont’s most desirable subdivisions, Belmont Woods is a very popular neighborhood in the city offering great views, a sense of serenity, and plenty of outdoor amenities. Hallmark homes in this neighborhood range in size from 1,300 to 1,700 square feet and sit on lots measuring between 6,000 to 8,000 square feet. While homes in Belmont Woods are highly sought after, they don’t often hit the market, which means flipping houses in this neighborhood could prove profitable if you’re able to snag one.
Carlmont
The closest residential area to Belmont’s downtown area, Carlmont is a Bay Area neighborhood home to high-end, late-mid-century ranch-style houses. Real estate prices in this area vary between $900K to over $2 million.
How to finance flipping houses in Belmont
House flipping is a very lucrative business, but it often comes with significant financial risk. If you do not have the cash to finance your flip, you will need a bank loan. While mortgage interest rates often fluctuate, rates are trending downward. Most experts predict that rates will continue to stabilize throughout 2023, which is good news for homebuyers. If you need to secure a mortgage loan, it's best to compare your options to find the best rate for you.
How to create an appealing Belmont home
Given that Belmont is home to some truly spectacular properties, it’s important to flip your house in such a way that appeals to those types of buyers. Capitalizing on the area’s natural beauty, such as making use of natural lighting and sprucing up outdoor areas, is a great way of creating an attractive Belmont home. Additionally, home staging is another important factor for any flip. Cater your staging to local buyers by adding rooms to the home that most buyers need, such as adding bunk beds and a toy chest to create a children’s room. You should also pay attention to your property’s curb appeal to instill a great first impression with buyers. In the end, the overall success of your house flip relies solely on your ability to make your property as attractive as possible to buyers.
How to find great real estate deals in Belmont
To have a successful flip, you need to find and buy houses for the lowest price possible. In order to find these types of houses, you need a skilled and knowledgeable real estate agent on your side. Your agent will know where to look for cheaper houses and can help you get started on your house-flipping journey.
Need help flipping houses in Belmont?
Belmont in San Mateo County is a highly desirable area, making it an excellent place to flip houses. However, because the city has a low housing inventory, finding the right houses to flip is rather challenging. Hiring a skilled local real estate agent is incredibly important.
Mary Ann Teixeira is a Belmont real estate agent with years of experience helping clients buy and flip houses. Using her knowledge of the area, Mary Ann knows what it takes to secure great deals on properties. She can also offer tips and tricks to make your house flip as successfully as possible. If you’re flipping houses in Belmont, then contact Mary Ann today.
