Are you obsessed as we are with the fixer upper TV shows? An older home in a great neighborhood that you can renovate to your heart’s content? Sign us up! There are many advantages of buying a fixer upper; here we provide a few of them:
- Cost less – The cost to remodel an existing home is less than buying a new home because you don’t have to remodel everything in your home, which means your budget can flow with what you need to do.
- Personal touch- Renovating allows you to change your existing home to meet your personal expectations and desires, as compared to buying a new home that may have a few features you want but not at all. Why spend hundreds of thousands on a new house and update it when you can keep your old home and update it a little at a time?
- Quicker equity – If you renovate the home shortly after you buy it, you may increase its value quickly. Equity provides many financial benefits, from raising your personal net worth to giving you an opportunity to refinance sooner, if needed.
So then, why pass up a house that needs a little updating when it may be right for you? Here at YHN Mortgage we have a great Fixer Upper Loan Program that can help you buy that great fixer upper. Call us and one of our specialists will assist you. 833-888-1669