Cheap Homes Aren’t Cheap!
Have you ever looked at real estate listings in an area and then organized them from the mansions down to the cheap homes? It can be a revelation to find that there are homes in the area you want that are going for so little. Should you consider cheap homes? It depends. Here are a few things you should know before you go this route.
1. Cheap homes aren’t cheap. The lower price means the seller knows of issues that need to be remedied that are holding the value down. Once you have a thorough inspection, you will likely find out that you need a ton of money to make the home inhabitable and comfortable.
2. Are you handy? Cheap homes are usually fixer-uppers and will only be a bargain if you can put in some sweat equity whipping it into shape. If you must hire contractors to do all the work, refer to #1 above because it isn’t going to be cheap.
3. Where will you live? In many cases, cheap homes need weeks or even months of work to reach a point you can live in them. Housing costs in two places is another reminder of #1 above as you plunk down money for two power bills, two water bills, two insurance bills, etc.
It might interest you to know that many people who settle for cheap homes usually come to regret their decision. What seemed like a small piggy bank investment ends up being a substantial one. It isn’t like the house-flipping shows on television. It is hard work, and there is no guarantee you’ll get out what you put in.
A better option is to call us at Grande Harbour Homes to learn about our affordable cottage-style Intracoastal Waterway homes. We are confident you’ll find these homes to be a good value and save you the headaches and progressively growing piggy bank investment involved with cheap homes. Call today to learn more.