Flipping furniture refers to taking furniture items that people do not see value in and then selling them for more money. For example, you may see a piece of furniture on the side of the road that nobody wants. By adding value to the piece, you can flip it by selling it for a profit. Flipping furniture can be profitable if done correctly. The key is to find undervalued items in demand and have the knowledge to sell them quickly for a good price.
Finding Furniture to Flip
Where can you find furniture to flip? You can find items at estate sales, garage sales, thrift stores, flea markets, and online vendors. Look for solid wood pieces that just need some TLC. Mid-century modern and antique items tend to bring top dollar. Before investing, research prices so you know potential profit.
Making the Right Choices for Flipping
How do you decide what makes a good flip? Check condition of frame and upholstery. Make sure repairs needed are doable based on your skills. Simple fixes like tightening joints, sanding, painting, reupholstering or replacing hardware can add grande value. More complex repairs may not yield enough profit to justify time investment.
Do you have to refurbish pieces to flip? Not always. Sometimes you can buy items on sale and resell as is for higher price. But usually some restoration brings highest returns. Refinishing means repairing wood, re-staining, re-lacquering. Painting and reupholstering also breath new life into old pieces.
Flipping can be quite profitable and flexible side hustle. You can start making money right away and scale up or down as schedule allows. Profitability depends on time invested, types of pieces, and your local used furniture market. Turnaround time varies. Simple paint job may take a day, more complex projects longer.