Orange Hills Real Estate

Written by Stacy Chbosky
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Young couples interested in buying their first home in Orange Hills, CA may want to consider buying a fixer upper. Buying a shabby home, improving it, and then reselling it is an amazing way to generate large profits. If you can't afford to buy the house of your dreams, but you have plenty of energy, ambition, and dedication, a fixer upper may be just the thing for you.

Fixing Up Your Orange Hills Home for Yourself

If you and your spouse love the neighborhood, the school system and so on, you may want to buy the house, fix it up, and stay in it. Loans for home improvements are usually easy to obtain. You don't need a whole nest egg of money in order to work toward fixing up a home. After all, once you own the home, your borrowing power skyrockets.

If you feel so-so about the neighborhood or the size of the house, you'll want to fix it up and resell it as soon as possible. The type of mortgage you take out if you're planning to stay in the house only a couple of years will differ from the mortgage you would take out if you intend to stay longer, so decide what your plans are before moving in. Unfortunately, this is not a decision you want to wait to make until you've been in the house a few months, much as you might like to.

Surprisingly, you don't need a lot of handyman experience to radically improve a house. Certainly by the time you're done with your fixer upper, you'll know a good deal more about home improvement than when you started. However, it's fine to begin the process with a very limited knowledge.


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