If you have been on the search for a home in St. Paul, you probably know that the process is pretty difficult. There has not been this much demand for homes for almost thirty years, and buyers are constantly denied homes even when they offer above the asking price. There are just not enough homes to satisfy the growing need for the buyers. More and more people are settling for a home that isn’t quite “move-in” ready and doing the repairs after. This might seem like a daunting task, especially to the handyman novice, but as long as you get professional help from 24Restore, you could be in your home before you know it. Here’s how to work with fire damage repair professionals to fix up your home.
The best way to get the most bang for your buck is to put an offer in a home that isn’t just outdated but is also highly damaged by water or fire. People run at the sight of mold or soot, but as long as you have a fire damage repair professional working on your side, there is nothing to be afraid of. So if you have a real estate agent, explain what you are looking for and tell them to extend their search to homes that are specifically not move-in ready, and that might have a bit of damage.
Work With Professionals
When you make a purchase, you will want to have all of your numbers correctly crunched so you can stay on budget, and the best way to do that is to have an open line of communication with your fire damage repair professionals in St. Paul. You should let them know that you are looking to buy a home that has a bit of damage so you can offer below asking price and work that amount of money into your budget for repairs. You will likely want to have them look at the home to give you an accurate estimate. However, you should remember to have a cushion in your budget in case there are other issues that you run into. Many times homes that are older and outdated will have electrical or plumbing issues as well, and you might not be able to see that until the walls are opened.
Check Out Loan Options
Since the Minneapolis area is booming right now, there are many banks and credit unions who are offering special financing on fixer-upper projects. This is not part of a home loan, but you can get one through the same lenders and possibly save money or have a lower interest rate. These are things you should look into after you have an estimate from your fire damage repair professional.
Right now, homes on the market in St. Paul are at a severe low and there’s not much property available for expansion. If you want to be a homeowner in this booming area, now is the time to find a fixer-upper to make your dreams come true in a financially smart way.