Informational article I found at https://www.valuepenguin.com/ that goes over some things that need to be considered in buying a fixer upper.
Home buyers and investors are always trying to find the best deals for real estate. I look for these types of properties daily.
The key is the cost of rehab and the value of the property after rehab. I met with a home builder yesterday morning with my client. We needed to go over all the cost of building a new property and what that end result would sell for.
New builds is no different than fixer uppers you need to know the cost and value after the cost. That is basically the simplest way to explain fixer upper.
When your doing any type of rehab you need to know the cost and what your getting for that. Constructing 100+ rehab jobs and counting (currently doing 4 homes) I have seen almost every type of rehab.
Adding new kitchens and bathrooms really help the value on homes. As an Realtor I can show you the values of homes in the areas. That way my clients back into the asking price and have all the information on the rehab.
After all that it the rehab needs to get done and on budget. We update our clients through weekly videos, and before and after pictures.
Wanting to look into buying a fixer upper? Allow me to show you the benefits and how we work for our clients.
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Thank you