Making Money in Real Estate
Handyman specials are a time-honored way of making money and saving money in real estate. Successful investors and savvy homebuyers have long looked for distressed properties that need a little fixing up. These smart buyers have purchased these properties for a modest amount, have repaired them, and have enjoyed either great equity or a nice resell price and profit.
Whether you are an investor or a homebuyer, you will want to look for foreclosure properties that need a little work. Foreclosure homes are already priced below market value because they have been repossessed. However, many foreclosures are also not in move-in shape. The previous homeowners may have left quickly, without cleaning or repairing the home. The previous owners may also have let the home go into a bit of disrepair due to lack of funds. By looking for foreclosures that need a little work you can save even more money and enjoy instant equity as well.