Monday, October 1, 2007

Do Cheap Repairs Equal Big Profits in Real Estate Investment?

The purchase of a new property is expensive enough on its own, even without additional fixer-upper costs. A new project can be intimidating. In order to maximize your profit margins, you’ll need to work smart.

You may not be a skilled carpenter or plumber, but you can improve your re-sale chances with a few common tools and a bit of elbow grease.

The very first thing a potential buyer will notice is the condition of surrounding houses.

Encourage your neighbors to clear away toys, cars, and other discouraging junk before your buyer arrives. For those neighbors to your immediate left and right, offer to mow their lawns as an incentive, or haul their trash to the dump. Some sellers will even offer neighbors a small cash reward for a successf View the rest of this article


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