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Homebuyer Fix-Upper Bargains Still Found By Skilled Investors
Date:6/14/2013

ainst fewer buyers and are able to buy at a lower price point," RealtyTrac reports.

Residential Finance, a nationwide lender, believes great opportunity awaits potential homebuyers willing to take responsibility for a home needing repairs. Advise abounds that consumers be aware of special financing considerations. "Fixer-uppers are fantastic, but consumers should educate themselves on the options available for loan financing, including rehabilitation loans. Not all loans will work to finance repairs for a fixer upper because the present-value appraisal of the deteriorated house can limit the lending options," says Brandon Davis, Ohio branch manager.

8 Tips For Fixer-Upper Home Bargains From Home Destination

1. Fix Up With Paint - When fixing up a home to resell, painting is important. Check with a painting contractor for recommendations of using semi-gloss paint through rental properties, which will make life easier for a tenant trying to wash the walls.

2. Hire Out Home Improvements - Delegate fix-up task to the right professionals. It may be easy enough to spend time working on one fix-up properties, but as the number of bargain homes a buyer takes on increases, the demands merit delegating the work by hiring it done.

3. Invest In Curb Appeal - Landscaping a home's front yard gives it "curb appeal" that gains prospective renter's attention and eagerness to make it home. The more inviting the front of the property is, chances of gaining a better tenant or buyer improve.

4. Gain Financing For Fixer-Upper Bargains - Consider FHA’s 203(k) home renovation loan, additionally termed the FHA rehab loan. It is known as HUD’s primary program for the rehabi
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