Due diligence Equity Inspection contingency Renovation 
HomeLight
SEPTEMBER 1, 2020
Bank-owned homes may not be the best-staged or the most recently renovated. As you weigh your options, really take a close look at which of your top choices offers the best value overall and which one might allow for significant gains in sweat equity via easily implemented corrections. Step 9: Order an inspection.
HomeLight
MARCH 13, 2023
With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. Most sellers approach Joseph because their home did not sell after several months on the open market due to outdated decor, major structural issues, or fire damage. For a rental, not as much,” explains Joseph.
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HomeLight
JULY 31, 2021
Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In They can purchase a property at a discount, providing value through a quick sale to the owner, and leverage their funds and expertise toward a profitable renovation. In need of renovations or updates.
HomeLight
AUGUST 24, 2022
Buyers are still going to do their inspection, they’re going to do their own due diligence and they are going to be paying their inspector. One inspector might make a bigger issue out of something then another inspector is going to do,” so Auslander doesn’t always recommend getting a pre-listing inspection.
HomeLight
MARCH 16, 2023
They sign the lease just a couple of weeks after the home is renovated and ready for occupancy. He routinely works with multiple crews of contractors so he completes renovations at a lower cost and with fewer headaches than most homeowners. You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann.
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