Everyone has drove past that ugly house and laughed. Some see it as a blight on the neighborhood while others see opportunity. That ugly home will make the perfect renovation. Starting with the curb appeal and then the functionality would be a winner. You will have to get the house for a bargain price so you could afford the fixer. If you play your cards right you could make a good profit. That should be the goal for all of us. Besides it will improve the neighborhood a little as well. Dana Sibilsky is the best judge of a fixer I know.
Real estate professionals know how to do their job well, and part of their job is to ensure that the best aspects of a home are emphasized while the least attractive aspects are minimized. Realtors know to add a few cheap landscaping touches to add perceived value and understand that leaving cleaning products out will remind a prospective homebuyer that a home requires upkeep. In order to avoid being lulled into a fall sense of security as a homebuyer, it is in your best interest to consider the perspective of the seller and the real estate agent so you can make an informed decision based on the totality of facts available.
This is not the easiest mindset to adopt, according to Luigi Wewege. With a little advance preparation, however, you can create a significant advantage for yourself as you seek to buy a home. Among the many recommendations made, Wewege notes that recognizing the small flourishes made by realtors to enhance the perceived value is among the most important. If you are able to think about real estate value in terms of the total costs and total savings, you may find it easier to recognize the home that truly represents the better option.
Real estate agents are not trying to deceive homebuyers, but they are trying to influence their decision by emphasizing certain qualities over others. Recognizing these strategies when buying a home can ensure that you find the property that is best suited to your specific needs.