Thursday, July 30, 2009

"Pretty" Does Not Make You Money

“Pretty” and “Bargain” do not go together. A bargain house will not be pretty… Pretty you pay extra for.

Recently I had a client looking for an investment property to rent out who wanted a “money-maker” but was not interested in anything that was not in move-in condition….yikes!

If you want to make money, you must look past the dirt for the “bones” of the property…the structure, the floor plan, the neighborhood and how much you can get for rent. The bargain of the year could be in a property with no curb appeal….how expensive is mulch and some flowers?

If the price is right and things can be changed, the dismal appearance is a golden opportunity and should not be a deal breaker….

If you need a seasoned expert to help you find the diamond in the ruff, call me.