Have you been bit by the HGTV bug? Thinking about taking on a fixer upper? Buying a home that need a little work can be a great way to maximize your budget and get home that fits your needs and style. There are also many options for renovation loans and our lender partners specialize in those types of loans. Whether the house is large or small, needs a lot of work or just an update, a fixer upper may be a great option to get into that dream home in your dream neighborhood without breaking the bank.
Fixer Upper’s are also a great opportunity for investors to pick up an inexpensive property and either flip it or do some updates and carry it as a rental. Here at HREG we work with a lot of investors to find a property that will maximize their ROI and CAP rate. While the triangle real estate market is lean right now, there are still properties that pop up from time to time with a CAP rate of 5 or 6.
Not sure where to start or if this is a good option for you? We can guide you through, start to finish, with finding the right home, loan, and vendors to turn that ugly duckling into a swan.