When buying a Kissimmee/St Cloud rehab home the property location, condition, age and after repair value should also be considered. A higher end home will yield a greater return-even if the repairs needed are more extensive.
We sold this lovely 3/2 St Cloud Fl home featuring its ideal location. Just 2 blocks from the beautiful St. Cloud Lakefront.
The couple who purchased it, loved the location. Over time, they remodeled the kitchen and the bathrooms.
The location is what sold them.
A good long term investment.
Lower end Kissimmee/St Cloud homes have a maximum value; regardless of how much money you spend, a low end home, may not yield the best return on investment. This an issue that Kissimee/St Cloud home buyers need to weigh carefully. Take into consideration these Four Key Points.
1) Location- still the most important Real Estate Rule. Buying the worst home in the best neighborhood. Location, Location, Location.
2) Age: Is the floor plan really outdated? Thi sis a hard fix without completely gutting the home. Cosmetic improvements are one thing-structural improvements can become very costly. Something to consider.
3) Condition: Structurally is the home sound? Condition also applies to things you cannot always see. So make sure you have a complete and comprehensive Home Inspection performed.
4) As-is and As-Repaired. Here is where knowing the values of well maintained properties inthe immediate area matters most. Estimating the rehab costs should also take into account what the maximum market value would be when they are completed. You want to be careful not to overbuild in an area which may not support a huge investment.
St. Cloud Homes & Land, LLC Put your home in our hands. Reliable, Dependable Honest service. Buying or selling your Kissimmee or St. Cloud Home, Vacation home, Town home is a click away. Our unparalleled service begins with you. Questions? Contact us
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