Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 30

The most common way to maximize your profit is to repair and renovate the property and then place it back on the market in the shortest possible time. Time is of the essence, because every day you hold a property costs you — in monthly payments (if you financed the purchase), property taxes, insurance, and utilities.

The trick to repairing and renovating a property cost-effectively, as I explain in Chapter 17, is planning well in advance and improving the property only enough to meet or slightly exceed the going price. Transforming a $150,000 property into a $250,000 property in a neighborhood where most homes sell for around $150,000 is a huge mistake. Buyers who want a $250,000 house buy in a $250,000 neighborhood.