| Wednesday, February 15, 2012 Repair older homeby Clarence Jensen on Wed, Feb, 15, 2012 09:09 PM
Every day in real estate we meet people who want to buy a cheap, solid, house that needs some repair. Is this what you are looking for? Yesterday in my travels, I found one! The house was structurally sound with a new roof and the upstairs windows had been updated. However, the inside was a mess. The dry wall had to be repaired and painted, the floors had to be replaced, not to mention the need for new appliances, light fixtures, and some cleanup. On the bright side, the situation was the same in the basement, which did offer the potential for a suite. It answered all the questions either an investor or new home buyer might want.
Well this started off the mental calculator. The price was low because the owner had met his match and wanted to get out of it. This figure, along with repairs, indicated a very profitable investment either in the rental of two suites or a very comfortable saleable family home. Where is this gem?
This is one of the reasons, I like marketing real estate. One never knows what is next in this industry. |
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