Bellingham Fixer Uppers
Real estate in Bellingham and Whatcom County offer many opportunities to buy homes that are in need of repair, home improvements, or upgrading. The key is finding a home that needs repairs and can be purchased in a comfortable price range that will include the cost of rehabilitation, repair.
Rehab, Home Improvement loans allow buyers to not only buy the home but finance upgrades and repairs as well. With conventional rehab loans and the FHA 203 (k) loans, a buyer can find a home in need of some work in their price range and in one loan, pay for the home and the upgrades that will be done after settlement.
The buyer just needs to find the right property and bring their vision.
Upgrades may include whatever is needed to bring the home up to standards, including new roof, siding, windows, landscaping, stairs, deck, garage, counter tops, upgraded plumbing, electrical, and more.
Bellingham home buyers know that there are many homes on the market that, with some repair and modernization, would make great family homes. They also realize that, after making upgrades and repairs to a house, the owner can realize a significant increase in property value.
The time is right for buying this type of opportunity.
The recent growth in the foreclosures makes the fixer upper property a potential source for your first home purchase. The missing link in buying a foreclosure or vacant home in need of repair is often the financing, but smart real estate agents know that financing is available.
Buyers need some vision. Together, with the help of a good Real Estate Agent, who will show them a number of properties in their price range, buyers can find a good rehab project.
Home buyers need the vision to know, when the upgrades to what is now an old kitchen with old appliances and cabinets, will be not only functional but beautiful and with “state of the art” appliances and more valuable, after upgrading.
If you need help finding of those Bellingham Fixer Uppers give me a call.