4 Ways Buying an Imperfect Home Could Benefit You
Sharing four reasons why buying an imperfect home could be great.
Is HGTV ruining real estate for buyers? What we mean by that is, should you consider buying a house that isn’t as pretty and HGTV-ready? Many buyers let the small details hold them back, like not enjoying the wall color, but the truth is that paint is cheap and easy to change!
Features like paint, flooring, and countertops are easy to fix and can add a lot of value to your home, so don’t let them stop you from choosing a certain house. To help you understand this, here are four reasons why it might benefit you to choose the “uglier” house:
1. You will face less competition. If you think the house is ugly, most buyers will likely agree with you, and they might let that stop them from buying as you would’ve. As long as the house is currently livable, if you take advantage of this opportunity with less competition, you’ll have the chance to make the house your own.
2. You can build up your sweat equity. Rather than writing a big check for the house that’s already perfect, you can put in a little work and time to make it your own. Then you get to choose which upgrades work with your style preferences instead of having to settle with what the previous owner chose.
3. There are tax benefits. We are not tax professionals, so we can’t give you tax advice, but there is an advantage to paying taxes on a cheaper home instead of a more expensive one. Overall, you’ll spend less money.
4. You can work on upgrades and repairs the way you want to. Previous owners may have chosen a quick fix that’s not sustainable or made things look a way you wouldn’t want them to. When you do things yourself, you can know they’re done correctly.
There are many reasons to choose a house that needs a little more work, these are just a few of them. If you’re considering buying a house, reach out to us, as we would love to talk you through more reasons and help you buy the right house for you. Call or email us anytime—we would love to hear from you.