Most buyers want a home that is in tip-top condition and ready for them to occupy, but many homes sell for bargain prices because they need work. Buyers love "fixer-uppers" for the obvious reasons: the affordable price and the satisfaction of remodeling the house to accommodate your tastes and needs.

Whether you are buying the property for yourself or as an investment, choose a house that is in a good location and structurally sound. It should be priced enough below market value (usually 25%) to allow plenty of room for a profitable re-sale after the work is completed.

It is important to educate yourself before taking on a fixer-upper project. Inexpensive cosmetic improvements often give the greatest return on your investment-- paint will increase the value three times for every dollar invested. Landscaping, carpeting, and light fixtures are also relatively inexpensive improvements. Try to avoid purchasing a house that needs expensive structural improvements such as a new roof, plumbing, wiring, or foundation repairs.

Remodeling a kitchen will rarely add more than the cost of the upgrade, but new appliances usually give a fine return. An extra bathroom is the best renovation from an investment point of view, often giving twice its cost in added value.      

	See All Tips In The "Bargain Properties" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

FEATURED PROPERTY

Kensington Home!
Must see this wonderful home, which features beautiful family room w/ VAULTED ceiling & brick FIREPLACE, spacious well lit kitchen w/ cooktop and beauitful HARDWOOD floors, large relaxing DECK, enjoyable back yard, spacious rec room, WALK-OUT basement, an
Location: 5005 Strathmore Avenue
Price: $495,000 AVAILABLE
VIEW THIS PROPERTY
VIEW ALL PROPERTIES

See the Nation's Top Rated: School Reports - Public, Private & Charter >