This is just a tip to keep in mind when deciding to purchase a home.
You can either purchase a “move-in” or a “fixer”. A “move-in” home is one that has gone through the remodeling process and there is nothing to do but bring your toothbrush and move right in. Keep in mind that the house will cost more money, but you will be financing the upgrades through your monthly payments due to the higher purchase price. Since the taxes are based on the sales price, your taxes will be higher also. However, you can move right in and enjoy your new home as soon as the escrow closes.
The 2nd way to purchase is to buy a fixer, which will cost less money due to the work that is needed. Keep in mind that the remodeling will be paid for out of your pocket. However, you will be paying on a lower mortgage and less in taxes because taxes are based on the purchase price. Keep in mind that when I say, “fixer”, I mean cosmetic fixer. If you decide to go the “fixer” route, you will need extra $’s saved which will not include your down payment. The advantages of buying a “fixer” is that you get the house for a lower price, pay less in taxes and you can remodel to your taste - not someone else’s’ taste.
It all boils down to your budget and desire to move right in or go through the remodeling process.
This current market can be VERY challenging for homeowners. Many are struggling to get a gauge on their best options. With my guidance, you can make the right decisions immediately and avoid making huge mistakes concerning your biggest and most important asset. I'm here to show you how to eliminate uncertainty, focus on what you need NOW and win.