Fixer Upper Content Index - Page 1

A fixer-upper is a house that needs a lot of repair work. Because they need maintenance, fixer-upper homes usually sell for less than a home that's in better repair or a new home. People often buy a fixer-upper when they enjoy do it yourself projects and want to buy the home as an investment. Once a fixer-upper has been fixed it can sometimes sell for a higher value than the home buyer bought it for.

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.

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.

Before you start buying a home, you should figure out what you want in that home. What are your must-haves and deal-breakers when buying a home? Creating a home buying wish list can also be a test for your relationship, if you're buying a home with a partner. Learn how to put together an effective list of your needs and wants for buying a home.

Selling a home is complicated. There are many issues to deal with when selling a home, some common and others not. Here are some obstacles sellers face when selling their home, along with solutions.

Is investment property worth short-term hassles for a long-term investment? What obstacles are there in selling investment property? When it is better to rent investment property and when is better to sell? Here are some questions about selling investment 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.

If you're trying to sell your home in 2009 you may want to check out Ilyce's home seller resolutions for the new year. Ilyce's resolutions include pricing your home reasonably, get multiple comparative marketing analyses, groom your home for visitors and have some goals in mind for how soon you want to sell the home. Ilyce suggests staging the home before even the real estate agent sees it, if you're selling your home in 2009.

Unmarried couples who buy property together or live together may want to sign a partnership agreement. A partnership agreement helps especially in cohabitation situations when one partner has poor credit. Cohabitation before marriage can go more smoothly with a partnership agreement.

First-time home buyers have lots of options when it comes to getting a loan. Mortgage brokers may have lots of ideas, but you need to find out what mortgage plan works for you. Do you have a lot of cash for a down payment? Will you need to pay off credit card debt? Do you need money for repairs? Will you need private mortgage insurance? First-time home buyers need to consider all the options.