Is Buying A Fixer Upper The Best Way to Profit From Leominster MA Real Estate?

Your Leominster MA Real Estate Guide

Leominster MA.- The huge profits that are reaped everytime you buy Leominster MA homes in bad condition and fixing them all up for resale (also called Fixer Upper Home) it's not consider a real estate secret any more. For a lot of Leominster MA investors is an easy way to profit from the local real estate boom but the truth is that it's a risky business venture and need a lot of your time.

You need to be carefull when trying to choose a Leominster MA home for a fixer upper real estate venture because a house can be a potential money maker, or an investment eating machine. The secret is to master the fixer upper real estate art of distinguishing good from bad.

So, How you do this. Just follow this two fixer upper real estate tips:

- When the fixer upper Leominster home needs inexpensive cosmetic repairs you can double your investment.

- But if the home have big structural problems you can be looking at a real estate investment eating machine. Because fixing this problems are way more expensive and this repairs don't raise the market value of the home in Leominster MA.

Look for a floor plan that shows a great layout with terrible decor, this is the perfect mix for a successful fixer upper venture. All these kind of homes have a excellent real estate ROI (Return on investment) with lower investment from your part.

Thoroughly eye all the major components of the fixer upper home. I recommend you to hire yourself an experienced architect if you planning to make major renovations that includes moving walls or roofing. Also, hire a professional Leominster home inspector to check out any fixer upper home before you make any offer to the realty or home owner.

A crusial factor to the success of a fixer upper home in the Leominster MA area is location. Put your investment on the best neighborhood you can afford, and never over invest for your area, no matter home many great fixer upper homes they have... Just do like the successful home renovators that use the lease option as a method to finance a fixer upper home project. This when the buyer gives the home seller a minimal amount of cash to use on a specific purchase price and then leases the property from the house seller. The buyer use this time to fixes up the fixer upper home. As soon the work is complete, the you exercises the option, finish the purchase, and put the home on the market to sell it to another buyer to make a profit.

When a house has a big structural pest control issues can turn into a good fixer upper investment opportunity. Don't forget to have the home evaluated by a professional before hand to see what it needs to be done.

Make sure to improve the curb appeal or sex appeal of the fixer upper home, because that's what make the sale. So, you need to make the front of the house and the landscaping to look good. Don't forget that you are renovating to resale the home which mean; always paint neutral color, and buy some new inexpensive home fixtures such as:

- Light fixtures
- Door knobs
- Cabinet knobs
- Plumbing stuff

And anything you think can make your fixer upper home have more value for the buyer. Remember this will increase your good reputation which will turn in future real estate business.

Did you know that when real estate prices are climbing is the best time to invest on a fixer upper home? If you want to lower your risk, you can live on the fixer upper home while you get it fix.

Always check out for environmentally hazardous materials on the fixer upper home. Hire a professional to come and double check before you even make an offer.

Fixer upper home renovation projects need to be closely supervised to keep them on budget. So, try to find the best renovation contractor that will do the job and have good project management skills.

Copyright 2006-2007 by Leominster MA Real Estate. All rights reserved.

.