Julia Vakulenko

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MLS# N5910231

Loads of living space with a Florida room on one side, a Screen room on the other, a Large den area adjacent to the kitchen gives a open floor plan covered with a rich laminate flooring, the location is also in a quiet area in the back of the...
Visit this property in VENICE: 534 VASTO DR, VENICE

MLS# T2847073

Sitting on a large lot that is 90 x 113 this Mid Century open floor plan built in 1956 boasts 3 bedrooms, 2 baths with a 2 car garage. The 2 bedroom floor plan is split with one bedroom with en suite bathroom off the Great Room at the front of the...
Visit this property in TAMPA: 4839 W SUNSET BLVD, TAMPA

MLS# U7795924

Beautifully maintained, move in ready 1972 Kingsbur Expando (12'x60') offers 2 BR, 1. Cozy kitchen features newer laminate floor, updated white appliances (microwave, refrigerator, range), SS sink w/water filtration, breakfast bar & pantry. One...
Visit this property in PINELLAS PARK: 82164 D ST N #164, PINELLAS PARK

MLS# T2847109

Cash or Hard Money Only. Great opportunity for investors or first time home buyers. With some renovations and TLC this property can make you money, either renting or re-selling it or it could be your dream home at a low price. Nearby bus stop,...
Visit this property in BRANDON: 1402 HIGHVIEW RD, BRANDON


Tampa Fixer Uppers

When you are considering the purchase of a fixer-upper, it is really a game of buyer beware. If you do not know exactly what you are getting into before you buy one of these properties, you could easily be getting yourself in over your head. But with organization and planning, you can make a profit by purchasing fixer-uppers, making all the necessary repairs, and reselling the property.

While there is a good business in fixer-uppers, not everyone can get the easy money that the thought of this type of property has promised. It is actually extremely risky to buy one of these homes thinking you could do just a little work and resell fast. Sometimes though, there are hidden problems that could be damage to the structure or other major work. Some cases, the house cannot be fixed at all for profit.

A savvy shopper for a fixer-upper will know to buy the least desirable home in the best neighborhood. Then the buyer will be able to calculate the cost that will bring the home to its full value potential. It is important to the research the market thoroughly before an offer is presented. Buyers never want to waste their money on house payments to carry the property for longer than they have to. Plan to sell under market value if necessary.

Another good tip is to stay within a budget. If you go overboard, you will never see the return in the sale price. The highest returns come for kitchen and bathroom updates. For first time buyers, it may be a good idea to purchase a home that only needs cosmetic repairs.

Before you get into anything, the most important thing to know it what needs to be fixed. An inspection is crucial to choosing what property to buy. It is worth the money in the end because then you will know exactly what you are getting in to.

Watch the price on the property. If you are buying a fixer-upper, be careful not to overpay. You will want to know the budget for the improvement and selling costs before you shop for a house so that you can determine how much profit you can make from the sale after the repairs. Paying too much for the property will only cut into the profits. Curb appeal, painting, and landscaping should be the first improvements made to get an instant impact.

A fixer-upper can be a great opportunity for a first-time home buyer. It is an even better deal when the person who purchased the property can live in the house while they are working on it. It is also better if they can do the work themselves, but they must know how to do it, otherwise the return won’t be there. And if the buyer lives in the home for at least two years, they can avoid paying income taxes on their profits in some cases. This is a way to ease the risk of buying this type of house.


The Home Buying Process:


Types of Resale in Today's Market:


Taxes, CDD, HOA, and Homestead:

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