I can't really afford the move in ready homes in my area. They are worth more than 350K for a 1200 sq. foot home. I've seen a few homes that are around 200-250K. However, they are very rundown. Often they were homes of elderly people, and are very dated. Think rundown 60's and 70's decor. Most of the kitchens and bathrooms need to be ripped out and completely redone. The carpets need to be ripped up and hardwood put down.
Right now, I have about 30K saved for a down payment. If I purchase on of these homes, how would I go about financing these projects. If do these repairs well, I could double the value of these homes.
2007-06-13
19:57:43
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8 answers
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asked by
Answer Girl 2007
5
in
Decorating & Remodeling