Affordable Housing In Metro Area Is Still Available But Not For Faint Of Heart
Looking for a low cost home or that ultimate “fixer upper”? Are you a First Time Buyer looking for that perfect “Starter Home”? A beginning Investor just starting to build your “Rental Portfolio? Voyageur Real Estate Group has a team of service providers to find you the solution to virtually any real estate need. From DownPayment Assistance programs to mortgage professionals tohome inspectorswe can get you to where you want to go.
Some cities have excellent incentives for rehabilitating homes in certain neighborhoods or price points. There are also restrictions on who can purchase these “works in progress” St. Paul and Minneapolis, for example, have some restrictions on “flippers”. They want to make sure the purchasers have the financial and technical ability to improve the homes and make them habitable again. These regulations are a well meaning attempt to prevent the properties declining further with a “from bad to worse” remodel. The restrictions can be extensive and financially burdonsome to the point of making an investment impossible. Buyers should check carefully before submitting an offer.
The market has stabilized but there are still some great values available for buyers with some imagination and vision. Do you have what it takes to transform a property from mayhem to magnificent? Check out all the possibilities below