Should Home Buyers Buy A Remodeled or Fixer Upper Home? (PROS & CONS)
HTML-код
- Опубликовано: 2 авг 2024
- ► ► Get An Agent Referral anywhere in the US homeandmoney.com/javier/
► ► Home Buying Resources I Created For You javiervidana.gumroad.com/l/silsl
🌵 Work With Javy in Phoenix, AZ
► ► Contact Info contact@javiervidana.com or 623-707-9836
► ► Send me a DM / thejaviervidana
🪙 Resources I Have Gathered For You
► ► The Best Credit Tool For Home Buyers www.smartcredit.com/javier
► ► The Best Mortgage Calculator (use code JAVY) www.winthehouseyoulove.com/to...
🤙 Join The Community
✅ Discord ► ► / discord
✅ Twitch ► ► / javiervidana
❗ Disclaimer ► ► app.termly.io/document/discla...
#realestate #firsttimehomebuyer #javiervidana
I bought a fixer upper, im partially handy, but i will say it cost money whether you buy a remodeled home or fixer upper. Theres always things that need repair in houses over time. I believe buying a affordable house
Three years later.....still a good video!
Watching from the future, deep in the pandemic real estate market on steroids. This video about buyer’s choices seems precious.
😂
It’s cooling down again, luckily
@@dontreply8346 Inventory is still extremely low.
I hit the jack pot in 2019 in a near buy casino , after Tax i only ended up with 37 grand I saved it and i end up purchasing a fixer upper for 40 grand in 2020 in cash,, im buying tools and fix little buy little,, not planning to move if anything ill let the grand kids take care of the rest when im gone.
I love your videos. They're so helpful. I close this Friday and we got a 1982 fixer upper with great bones. Perfectly move in ready. Just looks old and ugly but we plan to update it over time
Well, how did it go?
@turnerraines1034 we haven't done any major work yet other than painting all the cabinets and adding new hardware, we changed out all the old light fixtures and we plan to rip all the carpet up soon and replace with vinyl wood look tile. If we ever get the budget for it, we'd like to do a full kitchen remodel and add a sun room but since this is just our first house we may just buy another later with all those things or Maybe practice gratitude and appreciate this one as a forever home. We don't have any kids yet so for now, it's perfect as it is for the 2 of us
Thanks Javi for the video....
Great video, I'm in the same boat on buying a move in ready vs a fixer upper.
Hey Javier, I love your videos. Keep up the good work
Me and my wife have discussed whether we should by a home that’s ready to move-in or something that needs a little work. Not very handy myself so it’s obvious where I stand in the vote, lol!! Have you ever had a client that came to you wanting to buy a brand new modular/manufactured home?? If so, I’d love to see a video about that process as that’s been an option for us as well.
I haven’t! But I’m pretty sure that’s a market where realtors are not involved. I’m sure you need want to find a piece of land or something though
Positive, knowledgeable information. God Bless Javier.
Good Stuff
I value your opinion.
Watching in 2020 :)
Thank you! :)
Thanks for the info. Would another rookie mistake be not looking at the property history? How is that information useful?
After the initial home inspection is made and negotiations and repairs are made, would there need to be a follow up inspection to ensure the repairs were either done at all or properly fix? Or would this be at the final walk through?
You're definitely better than a fixer upper. Also, great info!
Hey Javier, great video, I hadn't thought about how you have to have liquid assets ready to go on a remodel project. I have seen though that some homes you can get a loan that includes costs is remodeling. Is that a good loan?
Also I know hospital bills don't show up on your credit report unless they go to collections, but do they count against how big a loan you can get? Doesn't the bank see that as outstanding debt? Thanks for making these videos, they are very informative!
Hey ocho, yes they will see it as an outstanding debt. But they will use the monthly payment that’s on the agreement towards the DTI.
Regarding the construction loans, this is something I’m researching .
You are so helpful , thank you for helping us in your own way. God bless and i hope you will have more subscriber to come. Im in california and planning to buy a house . Pls make more video and i hope to shout out my name Laurence tangco amd i want to know what is the basic list to check before buying a house , for example roof plumbing wiring aircondition system
Dang great 👍 content....
Lease to purchase vs buying a home ? 🤔
This is a great video but do you have insight on the opposite topic - a house where the homeowner with a desire to go overboard with their renovations and remodels? ie - spending 2x or 3x on the kitchen reno as compared to their neighbors, buying the 98% efficient gas furnace instead of the normal high-efficiency, spending more money to add additional insulation inside walls (which buyers can't even see). I suppose a paid-for solar system could be in this list too. Can a buyer pay to become the most expensive comp, but just barely, as compared to similar comps with the standard renos, and therefore effectively pay 10 or 15 cents more for the 2x or 3x "vanity" reno?
The same question asked a different way is do you advise sellers to not pay 2x or 3x so the marble is from Italy and the wood floor is from Brazil, just use regular marble or quartz and normal woods.
Hello. What are the steps to know if a fixer home is worth it? Who are the people that get involved?
In your example of a $300k remodeled home (floors, kitchen, bathrooms), what would be a good price to buy a similar home in the neighborhood without those renovations? The challenge I see is that you may be limited with how much you can negotiate compared to the remodeled home price if the neighborhood is a good one. So would $285k be enough even though it's just $15k less than the remodeled version?
How about buying a historic house (more than 50 years old) that has been remodeled? I personally find that they have character and I love them. What should I take in consideration before buying?
Depending on where you are, you may be limited in the alterations that you can make to a historic home. Some areas are very aggressive about historic preservation. Even without the restrictions, a true restoration of a historic home (keeping true to original materials and finishings) can be expensive.
I agree! I love the historic houses because it has more personality. These newly renovated homes look exactly the same!
Do you have experience with 403k loans
Can you do video in the naca program...
I don’t believe I will. I tried to work with them but I wasn’t a fan of their exclusivity.
🤜 🤞
Second!
First!