fixer-upper
Fix And Flip, Then Refinance Or Get a HELOC
For some, buying a fixer-upper and trying to flip it or refinance it is still the name of the game. But once you have fixed it, you need to find financing. You can try to refinance the home. Or you can try to get a conforming loan along with a home equity loan or line of credit (HELOC). You may have options, but you need to find the right lender. You need to make sure that the home has enough equity to refinance and that the appraisal of the home meets or exceeds the amount required to refinance the property.
Decision To Buy Or Rent Depends On Location And Cost
Deciding whether it’s a smarter financial move to rent or to buy often depends on where you’re located and the cost of property in the area. If you’re going to move often, buying a home might not be as lucrative, considering the costs of buying and selling. One good option for buying could be a fixer-upper.
New Construction Or Addition To Current Home On Property
Is tearing down a home and beginning new construction, or building an addition to a home owner’s current home on 32 acres of property better for the value of the home? New construction on a large piece of property could increase the value of the property itself as opposed to building an addition. Getting a home equity loan can help you with a home improvement project, whether its building an addition to the current home or deciding to go with new construction.
Home Renovation: Expect The Unexpected
In home renovation and home remodeling, anything can go wrong. With major work, you could have 40 or 50 people involved in the job. Absolutely anything could happen. A good recommendation is to set aside up to 10 percent of the budget to deal with unexpected problems or if you decide to splurge on something like plumbing fixtures. Watch this Expert Real Estate tips for more ideas on how to handle the unexpected.
Rehab Home Or Sell To Developer?
A son has inherited his parent’s dated home and is torn between fixing it up or selling it cheaply to a developer. Fixing up the home could turn a large profit. But selling the home to a developer could save the son time and heartache.
Do Fixer Upper Houses Sell?
Many people look for fixer upper houses to improve and make their own. Are you considering buying and selling a fixer upper home? View this Expert Real Estate Tips segment to learn more about how to market your fixer upper house for sale.
First Time Home Buyers Have High Expectations
Apparently first time home buyers want more than they used to. They’re less willing buy fixer uppers, per a new Coldwell Banker survey.
“In the past,…
Today on the Clark Howard Show July 30, 2008
The fun continues today on the Clark Howard Show. I’ll be filling in from 1p to 4p EST as Clark winds up his summer vacation.
Tune in today for these…
Ilyce Glink on WSB Radio – July 30, 2008
Today on the Clark Howard Show, Ilyce Glink filled in. She discussed a new twist on fixing and flipping for a profit. Some folks now fix and flip Web sites. She also looked at the foreclosure market and talked about how to find great deals–and getting the bank to accept them. The FBI issued a new warning about the Storm Worm Virus, and LEDs are saving big bucks for some companies. Can you save money that way too? For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
How To Protect Your Home And Family From Electric Shock
Learn about the risk of electric shock in your home. Electric shock can occur when electrical and extension cords aren’t properly managed. Do you risk electric shock by using an indoor extension cord outside? Learn how to protect your home and family from electric shock.
