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.
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