subject: Rehabbing Handyman Specials for Profit [print this page] Author: Daniel Mc Grey Author: Daniel Mc Grey
When you drive around a neighborhood, huge newly painted houses attract your attention. Handyman specials also draw you to stare at them, although its because you get excited to pity or ridicule them. These houses in disrepair probably make you laugh but they make rehabbers happy. Rehabbing handyman specials nowadays pays handsomely. Also known asfixer upper homes, handyman specials are basically properties that are in dire need of repairs. Some of them have been vacant for years, abandoned by their owners a long time. Some are still occupied but their owners just dont have the finances for the needed improvements. These properties are considered junk by many people but not by rehabbers. Fixer upper homes are ideal properties to own when it comes torehabbing houses. These houses are sold at bargain prices because they are in disrepair. Although they may be in a bad condition, they have a lot of potential to yield huge money. They can be repaired with minimal costs and sold at their maximum value in a good condition. The trick in this business is to buy a property as low as possible, repair it for as less as possible, and then sell it for the highest possible price. When making repairs and improvements, make sure these will cause the propertys value to increase significantly. Some rehabbers follow a 1:3 rule. This means that for every $1 you spend on repairs, that will result in a $3 rise in the houses value. You might think this rule is impossible to follow but rehabbers are actually doing just that today. You just have to know what these repairs and improvements are. One of them is landscaping the lawn. The front yard is the ultimate source of curb appeal for a property. If you want your buyers to pick up their jaws from the ground, they better pick them up from a good lawn. The front yard serves as the preview of the house in a whole and if you impress buyers with the landscaped yard, chances are they will buy that house. Another improvement that will significantly raise the price of the property you are rehabbing is simply replacing all lighting fixtures. This is easy to do and is very cost-effective. Youll be surprised, however, with how buyers react to new lights and the seemingly larger exteriors that result from better illumination. You can profit fromrehabbing handyman specials today. Just learn how to do this business right atrehab-real-estate.com today and you can be on your way to building a fortune.About the Author:
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