1. Budget Realistically for Repairs and Renovations It’s easy to underestimate how quickly renovation costs can add up. Even cosmetic changes like paint and flooring can run thousands—and bigger repairs like plumbing, roofing, or foundation work can blow the budget fast. Before making an offer, get contractor quotes and set aside a buffer for unexpected […]
1. Foreclosures Are Often Sold As-Is—So Budget for Repairs Yes, foreclosed homes are often priced below market value. But that discount comes with a trade-off: the property is typically sold as-is, meaning: No repairs from the seller Potential hidden damage No guarantees about condition You’ll be responsible for any and all repairs, from plumbing issues to structural concerns.
1. The Perks (and Price) of New Construction New builds offer: Modern layouts and finishes Energy-efficient systems and appliances Customization options (flooring, cabinets, paint colors) They’re perfect if you want a move-in ready home with zero surprises. However, new construction can come with a higher price tag and longer timeline—you might wait several months before you can move in,