25% of Americans are embracing the green life! Everyone knows the universal motto of being eco-conscious: reducing, reusing, and recycling. And flipping furniture is one of the best ways to start. Not only that, but it can become a fun hobby or even a side hustle!
Not sure if it’s right for you? Check out our three top reasons for trying your hand at furniture flipping.
1. Low Risks and Costs
Hobbies or business ideas often have high start-up costs that prevent people from giving them a go. Joining a sports team means you’ll need to buy expensive gear and pay membership fees. Opening a boutique involves permits, rent fees, and purchasing stock.
But with flipping furniture, all you need is the right piece, a creative idea, and some elbow grease! The best places to scour for furniture are thrift shops, flea markets, and yard sales. Pieces rarely sell for more than $50, or even less if they need a little love.
So let’s say you buy a coffee table for $10, give it a new coat of paint, and change the hardware. Low risk and low cost is the name of the furniture flipping game!
2. Make Some Extra Money
Now that you’ve given your coffee table a furniture makeover, it’s time to decide whether to keep or sell. There are no official statistics on how much money you can make flipping furniture. But if you’re resourceful and handy, you can make a profit.
Picking quality pieces is essential in earning money from your investment. Before you begin, get familiar with different materials and learn how to spot fake wood. You’ll want to buy pieces made from natural materials, as they’ll be more valuable (and easier to flip!)
Don’t forget to factor in the costs of labor and equipment. You’ll need to head to your local hardware store and get all the necessary supplies. Once you’ve done the math, list your item for a fair price.
And if you’re not sure how to price it, the best thing to do is scour online marketplaces and compare it to similar items. Experiment until you find a profit formula that works for you.
3. Start a Creative and Fun Hobby
Studies have found that enjoying hobbies leads to less stress, depression, and bad moods! If you’re a creative person without a creative outlet, flipping furniture might be right for you.
You could dive right into it or gather some research before you start. Search “how to flip furniture” on YouTube, and you’ll get loads of informational videos! The beauty of furniture flipping is that you can approach it however you feel comfortable.
Imagine you find a table frame with beautiful legs at a yard sale for under $20, but the top is scratched! Sand it down, paint or stain it, and swap out the top with one of the Hairpin Leg table tops. You’ll enjoy that piece even more because you created it.
Discover the Art of Furniture Flipping
Furniture flipping can be a relaxing, joyful activity to get your creative juices flowing. Better yet, it’s a perfect side hustle for those who want to work on their own schedule.
Check out your local thrift store, find a stunning piece of furniture, and start brainstorming. For more tips like the ones found above, browse through our home improvement articles!