Julia Vakulenko

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MLS# T2924624

Wonderful business opportunity. Group ACLF immaculate business and real estate on over 1/2 acre with screened pool, fenced yard. Home has been updated. Sold as is for sellers convenience.
Visit this property in BRANDON: 907 N TAYLOR RD, BRANDON

MLS# T2927840

3 parcels totaling 2. 2 -- Gibsonton, FL 33534. Live in one and rent the other. ft.
Visit this property in GIBSONTON: 11306 NORTH ST, GIBSONTON

MLS# T3228682

Great investment opportunity. Whether you are looking to buy your first investment or add this to your current portfolio this property is a great investment. For showings please allow at least 24 hours. Contact listing agent via text or call for...
Visit this property in TAMPA: 3112 E IDA ST, TAMPA

MLS# U7850853

. PARKBROOK is a maintenance-free community. These 61 home sites built by Pioneer offer a quiet, park-like setting with a community pool & a maintenance-free lifestyle. Photographs are for illustration only.
Visit this property in TAMPA: 7119 PARK TREE DR, TAMPA


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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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