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5 Signs a Home Has Potential


The line between a great real estate opportunity and a money pit is sometimes thin. REALTOR® Magazine offers their five tips for seeing the potential in a great deal.

  • Location, location, location.
    It’s still true that you get a better deal when you buy the worst house in a great neighborhood than you do when you buy a fancy house in a not-so terrific neighborhood.
  • Less than 50 years old.
    Properties older than a half decade are likely to have more fundamental problems — like aging wiring, inadequate plumbing and sagging foundations.
  • Livable floor plan.
    Buyers should select a home with a basic design they can live with. Once they start moving walls, they’re into big money.
  • Light.
    Houses with the most potential have plenty of natural light.
  • Good storage.
    Adding storage isn’t cheap, so it’s smart to choose a property that already has it.

You can see the entire article from REALTOR® Magazine by following this link.
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This entry was posted on April 13, 2010, 4:17 am and is filed under Home Buyers, Real Estate. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.

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