Shopping for a new house is an exciting yet costly event. If you’re savvy with your money, you may just consider buying a house that requires to be fixed up. Home rehab is becoming very popular, as there are some homes that just need some extra love and care to be in their glory.
Home rehab is an operation completed by a general contractor or yourself that will fix any cosmetic and structural issues. Most times, these houses may be bought for below-market value. You may find these homes through a real estate professional, or you may attend a foreclosure auction. When purchasing these homes at a foreclosure auction, a general contractor says to be aware that you are purchasing the residence as is.
There are various advantages to purchasing a house that requires home rehab. One of the biggest pros, as we have stated above, is purchasing the home at a lower price. This will also give you a smaller mortgage payment, and you will generally be required to have less of a down payment.
Another great thing about purchasing a house for home rehab is that you will find much less competition. So many people have it in their heads that when you purchase a home, it should be in ideal shape. So therefore, many individuals will not even seek out lower-priced homes that do need home rehab simply because they don’t want to mess with the process of finding a general contractor or because they demand their house be move-in ready.
When purchasing a handyman special, you have the opportunity to greatly enhance the worth of your house. Anything you do to improve the look of the home will add value, no matter if you are performing home rehab on the inside or out. New windows, fresh siding, a modern roof, and landscaping projects will add curb appeal outside, while new carpet, different cabinets, a better shower, or painted walls can add extra value to the inside.
Another advantage to doing home rehab with a general contractor is that you will be able to fully customize your home. Hate how small the bathroom is? Construct a larger version. Wish it had a front porch? Build it! Want an island in your kitchen? Go for it! Need more space? Add a sunroom or extra bedroom. The sky is the limit when redoing your home.
And finally, you have the final say in everything when you are doing a home rehab project. You pick the colors, the materials, the texture, the flooring, and the cabinets. It is in your hands as to how the project turns out!
If you are interested in pursuing a home rehab project, call a general contractor, such as Hybrid Construction LLC in Tampa, FL. They can assist you in creating the home of your dreams, no matter how large or small the project is.
Picture Credit: Freepik