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Real Estate Tips
Bargain Properties >Bargain Homes

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.      

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Real Estate Trivia
Q 
What building has been named the 21st Century Townhouse project?

A 
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete.
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Mark and Theresa Thoburn, REALTOR®, real estate agent and broker for Mission Viejo, Irvine and Laguna Niguel, California home listings, property and land for sale - NUMBER1EXPERT

Mark and Theresa Thoburn
Harcourts

Laguna Niguel
Phone: 949-378-7222
Fax: 949-282-0099
Email: MarkThoburn@cox.net

Unprecedented service with agents that you can trust to be there for you every step of the way. Whether it's the sale of your home or the purchase of your next, we are always looking out for your best interest.

MLS REALTOR


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