Hidden Gems: Small House Turns Into Money Machine

By
Real Estate Agent with Kwee Huset Realty
https://activerain.com/droplet/4bVJ

 Hidden Gems: Small House Turns Into Money Machine

 

Many small houses have been over looked by home buyers, because they want big and nice houses. However, hidden gems are found by many investors as they buy them and turn them into money machines.

 

 

Small House the Hidden Gems

They are many investors buying small ugly houses, because there are inexpensive. They cleaned up, painted, and repaired the damage of the house with little money.  Plant some bushes and flowers in front the house and put in some mulch for curb appearance, now this small ugly house turns into a gem - a beautiful and nice dream house, that is ready for rent or resale for profits. 

 

Money Machine

One and a half years ago, a 2 bedroom, 2bathroom, 1 car garage house with 1000 square feet living area, sold for $54,000.  The house didn’t have much work required.  It easily rented out for $750 per month.    Currently, the same small house can be sold for $69,900.  About 3 years ago a house with 2 bedroom 2 bathroom 1 car port, 1000 square feet living area was sold for $28,900. Now the similar house sold for $43,000.  Also, a tenant pays $550 per month.  Tenants will take care of the lawn, bushes and trees around the house - also tenants will pay their own utilities.   The first $50 on any repairs will be paid by the tenant.     You decide - is this a money machine with a good return on investment?

 

Benefits of Living in a Small House

Less expensive home price and less mortgage payment  per month = more  money for saving
Less time to clean and more time to relax and enjoy life
Less costs to remodel into a mini luxury home
Less furniture to buy
Less monthly costs on electric bill
Spend more time outdoor for exercise, gardening  and have fresh air for healthy living.

 

Looking for Hidden Gems, small houses to invest or buy? Give me a call at 941-716-3090941-716-3090 or search small houses for sale here

 

 

 

Posted by

 

Kwee-Huset

Kwee Huset

Kwee Huset Realty - Venice Florida Real Estate

Broker/owner, REALTOR®,  CIPS, AHWD, ESRES, TRC  

Call today at 941-716-3090 for results.

info@kweehuset.com   

 

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Tags:
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Rainmaker
911,907
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

A diamond in the rough!  :)  Great advice Kwee, thanks for sharing. 

Feb 16, 2014 04:21 AM #12
Ambassador
1,983,208
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Kwee, great entry and even better reasoning why small homes make great investments!

Feb 16, 2014 08:20 AM #13
Rainmaker
4,138,427
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kwee, many empty nesters are looking for smaller homes, so it doesn't take all day to clean.  This truly is a hidden gem!

Feb 16, 2014 10:45 PM #14
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Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (310) 497-9407

Kwee, thank you fo listing the benefits, joys, and hidden gems of a smaller house.  Many first-time buyers will see the value in what you have stated.

Feb 17, 2014 06:08 AM #15
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Kwee, Less can be more with more left over to spend on other things in life. Very nicely done and explained.

Feb 17, 2014 10:16 PM #16
Ambassador
1,470,975
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Kwee, great list of reasons to buy small. Suggested. Have a wonderful Thursday. 

Feb 19, 2014 07:54 AM #17
Rainmaker
1,029,321
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

I have several rentals and all are smaller houses.  You can buy them cheap and rent them out for a great rate of return.  And because the rent prices are lower, they are very easy to keep rented. 

Feb 20, 2014 01:40 AM #18
Rainer
37,868
Jill Saddler
Draper, UT
Draper Utah Real Estate Professional - 25 years+!

So true! Great post - just because they're small and not as attractive - they can be great sources of income!

Feb 20, 2014 02:32 AM #19
Rainmaker
2,049,897
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Kwee... I really like how you explained this concept and I like how you think! Buyers and investors would be very wise to contact you!!!

I think you're awesome!!!

Feb 20, 2014 08:15 AM #20
Rainmaker
212,530
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Investors usually see the potentioal especially with rising property values. Getting an owner occupied to see thru the work is a bit more challenging in my experience. Great article though.

Feb 20, 2014 08:28 AM #21
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Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi, Kwee.

   For a couple of years when I was a kid, my family lived in a very small house on Gulf Drive in Venice.  That picture sure looks like that house!

Feb 20, 2014 11:15 AM #22
Rainmaker
1,560,731
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

That's a great gem of a story!!  Here's to the smaller house!  And for rentals/investments they do make sense!  Less area to re-roof, re-carpet, re-paint. 

Feb 20, 2014 01:13 PM #23
Rainmaker
376,927
Robin Dampier REALTOR®
Coldwell Banker King - Hendersonville, NC
Hendersonville & Western NC Real Estate Source

Great post and so true how an investor can turn an eyesore into a gem.  Well written and explained blog.

 

Feb 20, 2014 10:43 PM #24
Rainmaker
622,752
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

The rental returns look to be extremely strong, definitely something an investor should consider when looking in your area of expertise.

Feb 20, 2014 11:00 PM #25
Rainmaker
654,872
Bill Reddington
Re/max Southern Realty - Destin, FL
Destin Florida Real Estate

For investors it is all about the return. The market is finally at a point that appreciation may again be figuring in on the return.

Feb 21, 2014 01:15 AM #26
Rainer
103,157
Rosie Moore
Serving Sugar Land, Richmond, Rosenberg, Missouri City - Sugar Land, TX

I love your post Kwee!!!  I don't envy people who live in luxurious large homes for the reasons you mentioned above.  I have a 1,842 square foot 2-story home, 3 bedrooms, 2 bathrooms, and a nice spacious yard that backs up to a walking trail in a quiet neighborhood surrounded by pecan trees.  Of course, the upgrades I'd make to it would be installing energy efficient windows to save money on monthly utilities, which aren't really bad since I am very conservative with my utilities usage. And...a water softener!!! I hate hard water!!! 

Feb 21, 2014 06:03 AM #28
Rainmaker
5,470,957
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Real estate investors love the smaller homes that make perfect rental properties. And, now is the time to build an investment portfolio.

Feb 21, 2014 09:50 PM #29
Rainmaker
4,432,317
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I agree with Roy. Anyone looking to buy a home in your area should call you.

Feb 22, 2014 08:09 PM #30
Ambassador
1,297,441
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Well done, attracting the investors to a small gem of a property! 

Mar 02, 2014 11:14 AM #31
Rainmaker
4,138,427
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kwee, these are the homes investors are looking for to rent and build their real estate portfoilio.    Great post!

Aug 19, 2014 10:55 PM #32
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