Fixer-Upper Houses in Florida
A fixer-upper is like a half-finished painting. Someone has already set the theme with a few brush strokes; it could be up to you to finish the piece.
There are a variety of handyman special real estate deals in Florida – waiting for you to pick up the paint brush. A handyman special is a home that sells at a lower price compared to other houses on the market because it is in need of repairs. A fixer-upper is a great option for both those looking to settle into a home as well as investors hoping to turn for profit.
The prices of such homes – some of which are below $50,000 – are obviously the first draw. But why go to all the trouble?
- Buy where you want, not where you can afford. Handyman specials are often found tucked in attractive neighborhoods where live-in ready homes are selling far beyond your price range. Buying a house that needs some tweaking allows you to break into the area you want to live or invest in, instead of compromising for a neighborhood that is further away from conveniences or shabbier than you envisioned.
- Maximize your profits. Buyers or investors who renovate with common sense and efficiency can turn the final polished home for a much steeper price than they bought it for. The potential for large profit margins on handyman specials is often tens of thousands of dollars more than on completed homes.
- Get an even better deal. Often sellers of handyman specials are eager to hand off the properties. They don’t have the time or money to invest in making the fixes themselves, so it is to their benefit to make the sale fast. Damelecia has used this as negotiating leverage when purchasing the homes we have on our roster, and we’re passing on the deals to you.
- Sellers are everywhere, buyers are scarce. In almost every neighborhood, there is a home in need of a facelift or a few touch ups. Their sellers aren’t waiting for the market to climb. They usually are poised ready to sell them to someone willing to take on the work. Not many are. That means there are less buyers competing for a number of options.
- Cater your home to your tastes. If you renovate a home, you pick the door knobs. You choose the appliances. You select the color of the walls. The finished home will contain your personal touch. There is a certain reward that comes with walking through a home newly renovated with elements that you hand-picked. You can take pride in knowing there are no other homes like it and few that contain all of the features you had hoped for. For investors, choosing a handyman special gives you the ability to pick and choose how to invest your money in improvements in order to get the best return during a resale.
Handyman specials often attract those with construction skills. True, if you know how to wire a home or install cabinets, you could save on labor costs. But you don’t need to be a handyman to buy a handyman special. Even if you hire a contractor, they will often do the work for much less than you would have paid for a home in mint condition. Fixer-uppers are a good match for anyone who wants to live or invest outside cookie-cutter walls.
Many homes don’t need to be torn down to the framework. For those seeking a less-ambitious project, there are deals on homes that need just a few touch ups, such as new paint or doors.
The current market has generated an even greater variety of handyman special real estate deals in Florida. It’s up to you to start painting in the lines of your dream home or filling in the empty spaces between you and a profit. Damelecia can help you find one that matches your goals. Fill out the form below for a free no-obligation listing.
March 23rd, 2009 at 12:49 pm
Nice writing style. Looking forward to reading more from you.
Chris Moran
May 22nd, 2009 at 3:23 pm
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Thanks.
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