Want to invest in a "flip" or a rental property? The Marzano Team can help....
You can find distressed properties in most communities, even wealthier neighborhoods. A distressed property is one that has been poorly maintained and has a lower market value than other houses in the immediate area.
But ascertaining whether or not the property you're interested in is a wise investment takes some work....
You need to figure out what the average house in a given area sells for, as well as what the most desirable houses in that area are like and what they cost. Our real estate experts at The Marzano Team can help you crunch those numbers.
Experts suggest that first time investors find a "cosmetic fixer" that can be completely refurbished with paint, wallpaper, new floor and window coverings, landscaping, and new appliances.
You should avoid run-down houses that need major structural repairs. A house price that looks too good to be true probably is. And always make sure you have a thorough home inspection by a licensed inspector before you close your deal.
The basic strategy is to find the least desirable house in the most desirable neighborhood and then decide if the expenses needed to bring the value of that property up to its full potential market value are within your budget.
Call the Marzano Team at 253-881-4137 or email us at marzanoteam@kwpuyallup.com and we will help you every step of the way--from finding the perfect investment property, to negotiating a great deal, to putting together an optimal mortgage that minimizes your monthly carrying costs. Call us TODAY!
