Investing in Real Estate: Fixer Uppers
Investing in a fixer-upper property can have big potential, and can be a great starter home. Not only does buying a fixer-upper give you the ability to use your creativity when remodeling, but if you decide to move, you may be able to either use this home as a rental investment property or you can sell it for more than you purchased it for! As such, buying any property should be approached as any significant investment, requiring focus, diligence and careful research into local property, economic and demographic trends. Let's learn a little about what investing in this type of property entails: Is it smart to even consider a fixer-upper? It depends. Distressed properties or fixer-uppers can be found anywhere, even in wealthier neighborhoods. Such properties are poorly maintained and have a lower market value than other houses in the neighborhood. Many experts recommend that before you make such an investment, first find the least desirable house in the best neighborhood. The