Homes For Sale

Finding a home for sale in need of home improvement is becoming a career for many handyman types. Often a home for sale in need of excessive repair will be priced well below the price of similar homes in better condition. For the home improvement specialist, these homes for sale are gems. Often the home requires mostly labor to put them in comparable shape to other homes in the area. Minor repairs, touch up, paint, and flooring can make these homes shine and sell for the going market or more.

It is also a way to purchase a home for sale as your primary residence. Once the home has had all improvements completed it has equity and can be a good investment as well.

Tips for finding the right fixer-upper

- Make sure the foundation and structure is sound.

- Check for mold issues.

- Look for repair requirements that match your skills.

- Estimate the cost of repairs and compare that to how much the house was discounted to offset the cost of the repairs.

- Get a professional Home Inspection so you will be aware of all issues.

- If you are going to resell the home after improvements consider travel costs as you select the location of your purchase.

Related Books & Publications

Related Websites

FlippingHouseTips.com

Resources

Realtor.com - Multiple Listing Service

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