Finding Hidden Treasures
As a real estate buyer, you have a tremendous opportunity for finding great deals if you look past curb appeal. There is a lot of talk by real estate professionals and real estate articles about curb appeal. It is widely known that improving the curb appeal on a house can get you an extra $10K-$20K+ when you sell your home. This also means that there is an opportunity for home buyers to save $10K-$20K+ when you buy a house with less curb appeal.
When looking for a house with less curb appeal this does not mean to look for a run down house. It means to find a house that with a very small amount of work or money can be greatly improved. By looking for a house with less curb appeal and improving it, you can afford a house more expensive then you would be able to afford otherwise, and you can gain instant equity in your new home.
Look for homes that need paint. Paint is very cheap and can make a huge difference on the inside and outside of homes. An unpainted house will typically not be as desirable to buyers as a well painted home, so there is an opportunity to get a good deal.
Find a home with a messy yard. The yard can have a huge impact on the curb appeal of a house. Houses with large untrimmed bushes, dead trees, unmanicured yards, or junk in the yard will greatly lower the perceived value of the home. Yard work is also very inexpensive to fix, and can add a lot of instant equity to your new home. Carpeting and window treatments are also fairly cheap, and can make a huge difference in curb appeal.
Old porches may mean an opportunity to make a gain. Very often porches and decks become damaged, rotted, or start sagging badly. A porch on the front of the house that is badly damaged can make the whole house appear unsound, when actually porches have no bearing on the structural integrity of the house. The porch can have such a negative impact on the way the house appears that it can lower the value sometimes by more then $20,000. After talking to a contractor, you may find that the porch may be fixed for a couple hundred dollars or completely rebuilt for a couple thousand dollars. This is a great chance to get a good deal on a house.
There are some things that you should avoid unless you are looking to do a total remodel project. Items that you may want to avoid are problems with the windows, electrical systems, plumbing systems, foundations, chimneys, roofs, or floors. Be sure to have a trustworthy inspection who will alert you of any more serious problems.
If you want to find a really great deal and are willing to do a little work, look beyond the curb appeal. If you find a house that is less then appealing, but structurally sound, you may have found a hidden treasure.
About Mary Calvert Mary Calvert is affliated with RE/MAX Properties, Inc., which is located in Colorado Springs, CO. For further assistance please use the contact information located on the right.
As of 05/21/12 the Mary Calvert RePage is ranked at 4,590 with 400 points.
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Local Information for Colorado Springs, CO
Latitude: 38.863443 -- Longitude: -104.791914
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ZIP Codes for Colorado Springs, Colorado
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Area Code for Colorado Springs, Colorado
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719
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Time zone for Colorado Springs, Colorado
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MST
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Other Area Cities:
Colorado Springs, CO
Security, CO
Widefield, CO
Woodland Park, CO
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Colorado Springs is a large city located just east of the geographic center of the U.S. state of Colorado.In July 2006, Money magazine ranked Colorado Springs the best place to live in the big city category, which includes cities with 300,000 or more people. The city itself is situated near the base of one of the most famous American peaks, Pikes Peak, on the east side of the Rocky Mountains. The city is the county seat of El Paso County. Today, Colorado Springs has many features of a modern urban area, such as parks, bike trails, urban open-area spaces, business and commerce, theatres and other entertainment. It was first established as a posh resort community and the tourist industry has remained strong and offers many activities and attractions. A large number of religious organizations and churches make their headquarters here, particularly Evangelical Christians. Many high-tech businesses reside in the city, including a large number of computer chip manufacturers.
-- Source: Wikipedia.com
Colorado 2000 Census Population Profile Map
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Colorado Springs |
Colorado |
United States |
|---|
| Population |
360,890 |
4,301,261 |
281,421,906 |
|---|
| Median age |
33.6 |
34.3 |
35.3 |
|---|
| Median age for Male |
32.3 |
33.2 |
34 |
|---|
| Median age for Female |
34.9 |
35.4 |
36.5 |
|---|
| Households |
141,516 |
1,658,238 |
105,480,101 |
|---|
| Household population |
353,737 |
4,198,306 |
273,643,273 |
|---|
| Average household size |
2.5 |
2.53 |
2.59 |
|---|
| Families |
93,049 |
1,084,461 |
71,787,347 |
|---|
| Average family size |
3.06 |
3.09 |
3.14 |
|---|
| Housing units |
148,690 |
1,808,037 |
115,904,641 |
|---|
| Occupied units |
141,516 |
1,658,238 |
105,480,101 |
|---|
| Vacant units |
7,174 |
149,799 |
10,424,540 |
|---|
Visit US Census
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Mary Calvert
RE/MAX Properties, Inc.
265 E. Cheyenne Mountain Blvd
Colorado Springs, CO 80906
VOICE: 719-540-0135
FAX: 719-540-8724
TOLL FREE: 888-656-4712
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