Are you looking for a list of Utah County
fixer-upper homes? If you are
an investor in Utah County and would like a fixer-upper
be sure to be familiar with these facts:
(1) You are aware that these homes need work, (2) You are
prepared to create a realistic budget ahead of time, and (3)
You remember to leave yourself some financial "wiggle room."
Considering these things, it is possible to find an ideal
home for much less than what comparable homes, already in
top condition, are selling for.
If you are the type of person who recognizes a "diamond in
the rough" you’ll know a great deal when you see one and
will be interested in our FREE
Utah County Early Bird
Buyer's Program. Our automated service searches all
the new MLS
(multiple listings service) listings from all Utah Real Estate
companies, and downloads a current list of "fixer upper"
properties that match your personal home buying criteria in
your specified price range.
Our Utah County Early Bird Buyer's Program enables buyer's to get
priority access to the hottest new listings, giving you the
competitive edge in finding the best buys before other
buyers in the Utah County Real Estate market even know they exist.
For people who love old homes — and love to work on
them — the notion of buying a fixer-upper can be
irresistible. Just think: You can snag a rundown
home in a good Utah County neighborhood for way
below market price, invest some time and money
renovating it, and end up with a like-new home
that's worth about 30% more than you paid for it.
Sounds awesome, right? Often, it is. But
buying a fixer-upper can be difficult. So before you take
the plunge, make sure you have a realistic idea of what
you're getting into. Many Utah County buyers consider their
own labor free on a fixer-upper. Once the home is complete
they do the math and sometimes find the purchase was not
worth their time and effort. You don't want to create a job
with risk where you only pay yourself $10 per hour. If you
are going to take the risk of buying fixer-upper homes you
need to make enough money to make it worth your time.
A Buyer must figure out what you should pay to buy a
fixer-upper in Utah County. This starts with a
simple equation. First, add up the costs to renovate
the property based on a thorough assessment of the
condition of the house. It is good to over extimate
the repairs on the home. Be tough with this estimate,
which should include materials and labor — yours and
other people's. Next, subtract that from the home's
likely market value after renovation, drawn from
comparable real estate prices in the neighborhood.
Then deduct at least another 10 percent for extras
you decide to add and any unforeseen problems. Many
buyers underestimate the repairs and are shocked
when the final price of their home comes in after
repairs are completed on the home. Get a Hotlist
Utah County Fixer Uppers.
A buyer in Utah County should hire a professional
inspector to evaluate the home prior to the
purchase. If you are buying fixer-upper homes you
should use an home inspector. The inspector will assure you that the
house is a good or bad investment. He will bring to
light many needed repairs that you did not see. Make
sure you are buying a home that is structurally
sound and solid.
If a home has a structural problem
forget about it and move on. It is not worth dealing
with the expensive structural problems with a home. The real estate market
is full of homes and you don't need a home with a
structural problem. This type of home is difficult
to sell. I have been selling homes in Utah County
since 1995 and have sold over 1,000 homes. Guess what? I
still hire an inspector to evaluate any rentals I purchase.
It is the best money I spend on a home. My
Utah County Inspector finds
problems with every home that I had never considered every
time.
