Wednesday, January 24, 2007

Finding Hidden Value, Part 2

Look for a house with cosmetic blemishes that cost little to clear.

A home may be unattractive in ways that are surprisingly easy to cure. For a small sum, you can redo the wood surfaces of worn kitchen cabinets, worn countertops, and beat-up bathroom vanities and paint the front door. The trick to finding hidden value in a home is to distinguish between readily solvable and monstrously demanding home renovations.


Recognize the importance of subjectivity in housing choice.

Some agents point out that spending too much time bargain-hunting can waste your energy. They urge buyers to avoid any quest for hidden value that causes them to be blinded to their personal housing preferences. Looking for a house is a very individual quest. Don’t focus on the bargain at the expense of finding what you want.




Join Compass Mortgage’s NH First-Time Homebuyers Club

Our NH First-Time Homebuyers Club makes it easier to purchase a New Hampshire property. (Better yet, it’s absolutely free!) Members can receive discounts and credits worth $600 or more.

To join, call Charley Farley at Compass Mortgage (603) 471-9300 today or fill out the online form.

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