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Finance > MoneyThings to Consider Before Investing in a Fixer-Upper Home

Posted by kolkata2008 in Finance on August 25th, 2016


People invest in fixer-upper homes for a variety of reasons. In some instances, investors wish to turn these properties into personal residences. In others, they want to “flip” these homes and sell them at a higher price. Given the exorbitantly high home prices in popular parts of the country, it’s no wonder fixer-upper properties are currently in such high demand. Whether you’re looking for a place to live or simply wish to make some extra money Panthers Ryan Kalil Jersey , fixer-uppers represent an affordable alternative to traditional homes.

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Foundational Issues

The adage “You have to spend money to make money” certainly holds sway with experienced property flippers. However, when it comes to the amount of money you’re willing to spend on a single property Panthers Luke Kuechly Jersey , there needs to be a limit. Case in point: If a home you’re interested in flipping has fallen prey to serious foundational issues, it may be a good idea to pass. Depending on the size of the property and the area in which it’s based, major foundational repairs can cost upward of 0,000. Recouping your investment on a home with a faulty foundation isn’t impossible, but it’s not exactly something you should count on, either.

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An informed buyer is a happy buyer – particularly in matters concerning real estate. While it’s true that investment properties are less expensive than traditional homes Devin Funchess Color Rush Jersey , they don’t exactly come cheap. Even before renovations begin, odds are you’ll be spending at least tens of thousands of dollars on any given fixer-upper. After factoring in repairs, you can expect to spend quite a bit more. That being the case, it’s strongly recommended that you know exactly what you’re getting . Cheap Jerseys Wholesale Cheap Jerseys China Cheap Jerseys From China Cheap MLB Jerseys China Cheap NHL Jerseys Cheap New NFL Jerseys Wholesale Jerseys Adidas NMD Shoes For Sale NMD Mens Shoes For Sale Cheap Nike Epic React Running
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