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FIX AND SELL YOUR UGLY HOUSE YOURSELF! PART IV

    Are you asking yourself, "If all these other guys are making money fixing up ugly houses to resell, why can't I do the same thing with my house?" Well, maybe you can. In this series of articles, I will discuss the possibilities and how to go about fixing your "ugly house" yourself.

    ESTIMATES AND MATERIALS: Along with choosing contractors for your home rehabilitation project, goes choosing the materials and getting estimates for the work to be done. One of the reasons investors can successfully rehab and sell a home for profit, is that they are able to get the contracting and rehab done at typically lower than market prices. This does require a considerable amount of searching to find suitable contractors and affordable building materials. Now your contractors may have a good idea about what building materials are available and what the costs are, but it will be up to you to make the final choices.

    A common mistake made by home owners who are fixing up their house to sell, is to over improve the home and then they must over price the home to cover their expenses. Before starting you should have looked carefully at the ARV (After Repair Value) of the property, given to you by a Realtor and make that your target in repairing your home. Something not realized by many homeowners is that the appraised value of your home is decided more by external factors and prices in your neighborhood, rather than the internal factors of the home. As long as the home is repaired at least up to the standard of other homes that will be compared against for an appraisal, then repair expenses that go over this may in fact be a loss. This is not to say that your home should not look clean, fresh and be fully repaired. If however, you are putting in marble floors, custom wood work and every other home in the neighborhood has carpet and linoleum, the net effect will be that you will receive no more money for your marble floors than they are for the linoleum.

    In conclusion, your home needs to be repaired up to a good clean and acceptable standard, but you should not overspend with the idea of building a complete custom design home, when all of the comparables are simple spec homes. A good goal would be to make your house look just a little better than the best 3 houses on the street of similar size and age. Your home should stand out just a little above the others and have some special features and or, simple decorations that the other homes do not. Something that will capture your buyers and make they say, "Wow!"

 

More HousesFast Answers.

◊We buy houses. Everything you want to know.

◊"Do we buy ugly houses?" How to sell, or buy, ugly houses.

◊Stop Foreclosure and Avoid Foreclosure.

◊For Investors: Foreclosure Leads service.

◊For Investors: Motivated Seller Leads.

◊For Investors: Pre-Foreclosure Leads.

◊For Investors: Wholesale Leads.

◊We buy houses in California. Investors buy ugly houses.

◊We buy houses in Florida. Buy ugly houses in Florida.

◊Fix and sell your ugly house yourself: I.

◊Fix and sell your ugly house yourself: II Knowledge.

◊Fix and sell your ugly house yourself: III, Permits.

◊Fix and sell your ugly house yourself: IV Estimates.

◊Fix and sell your ugly house yourself: V Starting, Structural and Plumbing.

◊House is going to foreclosure.

◊How to sell your house fast, to investors.

◊How to keep a foreclosure off your record?

◊Major expenses in a Rehab, foundation.

◊Major expenses in a Rehab, Roof.

◊Sell your home fast by owner.

◊Why should I sell my house to an investor?

◊Avoid foreclosure, questions to ask yourself.

◊Foreclosure help. What are your options?

◊House must quick sell

◊I need to sell my house before the foreclosure in one week.

◊Rehab and selling costs to consider.

◊If you need to sell a house now.

◊Selling a house to an investor, with a hard money lender.

◊Selling to a "short sale" buyer.

◊Sell your house "subject-to".

◊Sell your house to a cash buyer.


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