The Perfect Fixer Upper

I personally have never owned a new home.  I perfer to purchase the home that others look at and claim, "That home needs WAY too much work".  Why, you ask, woud I be such a glutton for punishment (WORK)?? Because work is where the profits are at!  I have personally purchased and remodeled over 20 homes. I have also assisted others in their search of the perfect fixer upper, and even helped a couple of buyers begin a new career in flipping homes.

If the thought of holding a paintbrush sends shivers up your spine, you may be a candidate for a new home.  However, a fixer upper can come in many shapes and sizes, so to speak.  A fixer upper can be a home that simply needs a coat of paint and flooring, or as extensive as tearing out everything to the bare studs.  Some even scream for the studs to be moved, allowing for better flow of the floorplan.

Should you choose to become a "Weekend Warrior", it is extremely important to know not only what talents you have, but which of these talents you can perform at a professional level.  Many ambitious entrepreneurs buy a home, a hammer & paintbrush and strike out on their new adventure.  It's important to understand one's limitations though- some quickly realize they are in over their heads, and end up having to call in the professionals to fix what they messed up, PLUS the original repairs on the home.  So, it's important to capitalize on what you CAN do, and hire out what you cannot do. 

You may be the investor who has all the vision of what the property can be, but have no desire to do any of the work yourself.  If this describes you, you might be the "Passive Investor".  

Whether you are the "Weekend Warrior" or the "Passive Investor", one thing is true for both- there are investments which lead to immediate equity to be had in today's real estate market.  You just have to know how to find them.  The first step to finding them is contacting an agent who not only knows the market, but knows the cost of repairs, remodels, and can determine the value of your home post-remodel.  With my vast experience in this field, I am prepared to help you locate the best possible investment- one that will not only create immediate equity today, but will also appreciate in value and put cash in your pocket on down the road.

Call me today and let's get started looking for your "Perfect Fixer Upper" today!

Kyle Smith, Realtor
The Stars of Texas Team
Keller Williams Realty
903-530-4171
kyle@starsoftx.com