Thursday, September 24, 2015

Easy Ways To Grab Your Next Home For Less





Regular readers of my blog might have read some of my many tips for saving money around the home - but what about when it comes to moving house? Finding a bargain home is a dream for most of us, and it won’t happen every time. Timing and luck all play their part, of course. But by putting the following tips into practice, you’ll give yourself a chance of grabbing a great deal. Let’s take a look at some of your options.


Is location all it’s cracked up to be?

My first tip can shave thousands off the cost of your home - if you are clever about it. All cities around the world have their expensive areas, and the reason properties cost so much there is that they are very popular. It could be because they are safe, that the schools are good, or that is surrounded by fantastic facilities. However, if you are canny enough to look around, you might find a place in a different area that is much cheaper. But, you can still enjoy the benefits of those facilities. All it takes is a little investigation and you could find a great deal.

You could use a national property finder or the service run by Ron Howard & Associates of RE/MAX Preferred. There’s more chance of finding a home with fewer bids, meaning you can afford to be more flexible with your offer. You never know- you could save a four or even five-figure sum if the market is right.

Use localized property searches

A lot of people use property search tools these days, but have you considered using more localized services? You could find homes that aren’t advertised anywhere else, and these services are usually run by local market experts. Let’s say you are on the search for a place in Baltimore.

The DIY method

One of the cheapest ways of buying the house of your dreams is to build it yourself. You’ll need a fair amount of capital to get started - although you might find a mortgage company who will help you out. Before you jump in, however, there are a few things you need to do. First of all, you have to ensure you can get planning permission for the land you have found. Make sure you understand all the restrictions - and whatever you do, don’t break them. Next, you’ll need to find a reputable building company who can deliver on time and within the budget. You should also allow for a long time to build your home - anything up to a year is typical from start to completion. Use localized property searches

A lot of people use property search tools these days, but have you considered using more localized services? You could find homes that aren’t advertised anywhere else, and these services are usually run by local market experts. Let’s say you are on the search for a place in Baltimore.

Renovate

My final idea is one that can save you tens of thousands of dollars if you play your cards right. You’ll need a lot of time to renovate an old property - and you will also need the cash to pay for it. But, most home buyers won’t want the hassle of buying somewhere that needs a lot of work, and that means you could be the only interested party. So, not only will you be buying a cheap property, but you might also be able to drive down the price even more. Once it’s complete, you can either sell it on and make a great profit or move into your new home at a knockdown price.

That’s all from me for now - let me know if you have tried any of the ideas above, and how they worked for you!


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