With all the opportunities to buy homes that need repair is that the right thing for you? Sure you can get a good deal, but are you prepared for what it takes to make that house be your home? There is a lot that must go into making something that has seen better days, into something you can really love. It often requires gutting some or all of the property. Most of this cannot be done while the property is inhabited, so you need to be able to buy it, live somewhere else while all this is going on. How much can you do yourself? Of course that varies with your expertise, but most people are not prepared for the amount of destruction that has to go into reconstruction. It is a messy business. Do you know how much to put into a property so that you don't spend more than it can sell for down the road? That is a key issue in deciding whether a property is a good buy or not. If you are not an expert at those kinds of estimates it is a good idea to work with someone who is familiar with the process and costs. We love to work with first time homebuyers and find them the best property for their needs. We also like to buy properties and fix them up with that buyer in mind. Transforming parts of our wonderful city, back to better days, is one of our goals. We want to help bring neighborhoods back up and make them beautiful again. That is good for all of us. So when you are thinking about getting that great deal, just make sure you work with professionals who know the renovation business. It will save you money, time and a lot of stress. When will the deals end? Probably not for a while yet, but you know what, when they do it will happen fast. We might not even notice that we are past the bottom until it is gone. With interest rates at a 40 year low, and prices that are really unbelievable, this is truly a wonderful time for the first-timer to get a house. Did you know that if you are a first time home buyer in the city of Grand Rapids, that you can be entered into a pool to get free landscaping by a foundation called F.L.O.W. Friends Landscaping Our World! You can, just google it! There are also all kinds of other wonderful programs to help you buy that home. The city of Grand Rapids has a grant program to help with your down payment. There is the $7500 tax credit for those that qualify, there are MSHDA loans, and FHA loans, so if you think you want a house, contact a real estate professional and start the process. You will be surprised.
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