Frequently Asked Questions
We understand that entering into a renovation or joint venture is a significant decision. The questions below address some of the most common considerations we discuss with property owners, executors, and downsizers.
If your question isn’t covered here, we’re always happy to talk it through in an initial, obligation-free conversation.
How is the property valued?
As part of our feasibility process, we engage multiple trusted local real estate agents to provide independent market guidance. From this, a median value is established for both the property’s current market value and its anticipated value following renovation. This ensures decisions are grounded in current market conditions and buyer demand.
Why do you use multiple agents?
Using multiple local agents provides balanced, evidence-led insight and avoids reliance on a single opinion. Establishing a median value supports fair decision-making for all parties and helps inform renovation scope, budget, and sale strategy.
Who chooses the real estate agent for sale of the property?
Agent selection is discussed collaboratively. Where appropriate, we engage experienced local agents best suited to the property type and target buyer market, ensuring alignment on pricing, strategy, and outcomes.
Do I need to fund the renovation?
No. Flip Investments funds the renovation works as part of the joint venture arrangement, removing the need for owners to contribute upfront capital or manage renovation costs themselves.
How does the joint venture work?
Flip Investments and the property owner enter into a joint venture agreement that clearly outlines roles, responsibilities, funding arrangements, and profit sharing. All terms are agreed upfront to ensure transparency and alignment throughout the project.
How are profits calculated and shared?
Profits are calculated following the sale of the property, once agreed costs associated with the renovation, project delivery, and sale have been accounted for. All cost categories, assumptions, and the agreed profit-sharing structure are clearly outlined upfront in the joint venture agreement. This ensures transparency, alignment, and a shared understanding before the project proceeds. Profits are then distributed in accordance with the agreed joint venture terms following settlement.
Are costs and assumptions shared upfront?
Yes. As part of the feasibility and agreement process, all anticipated costs, assumptions, and the proposed profit-sharing structure are discussed and documented before any works commence.
How is the design process managed?
Design decisions are made collaboratively and with purpose. We prioritise finishes, layouts, and improvements that align with buyer expectations and market demand, rather than personal preference. Where appropriate, we lean on the experience of trusted local designers and real estate agents to understand current market trends and buyer behaviour at the anticipated resale level. Owners are kept informed throughout the process, with all decisions guided by feasibility, resale strategy, and achieving the best possible outcome at sale.
Is this suitable if I’m downsizing or time-poor?
Yes. Our model is well suited to owners who want to maximise the value of their property without managing renovations themselves or taking on additional stress, risk, or upfront costs.
What happens if market conditions change?
Market conditions are considered throughout the project. Decisions relating to renovation scope, timing, and sale strategy are reviewed collaboratively and adjusted where appropriate to respond to changing conditions.
Is there any obligation after the initial discussion?
No. Initial conversations are confidential and obligation-free, allowing owners to explore whether a joint venture is the right approach for their circumstances.