“Flip This House” is an American TV reality series in which houses are purchased at bargain prices then renovated. After the renovation, the houses are placed back on the market for a higher price than for what it was purchased. The hope is that the new sale will result in a sizable profit once the original purchase price and renovation costs are deducted.
In one episode that I watched recently, the buyers of a property to be “flipped” had a serious dilemma. The stucco on the exterior of a portion of the house was severely cracked. Originally, the new owners thought that the stucco could simply be patched and painted over. However, upon further inspection, a contractor revealed a more severe issue. The foundation of the house was slowly faltering. Read more!