Factors Affecting Price:
How Property Condition Affects Your Offer
Since you have toured the great investment return
property you are interested in, you should know how
it compares to the general neighborhood of florida.
All you have to do is put the home in one of three
categories - average, above average, or below average.
When evaluating a home’s condition, there are
a number of things to be considered by florida real
estate investmentreturn agents. Structural condition
is most important - items such as walls, ceilings,
floors, doors and windows. Then paint, carpets, and
floor coverings. Pay special attention to bathrooms
and bedrooms and whether the plumbing and electricity
work efficiently. Look at the fixtures, such as light
switches, doorknobs, and drawer handles. The front
and back yards should be in reasonably good shape.
The missing ingredient will be information on the
condition of the homes from your comparable sales
list. Provided you chose the right real estate investment
returns agent to represent you, they will have actually
visited most of those homes and be able to provide
key insights.
How Home Improvements Affect Your Offer Price
Even when comparing exact model matches within a tract
of homes, you should note whether the previous owners
have made any substantial improvements. Cosmetic changes
should be largely ignored, but major improvements
should be taken into account. Most important would
be room additions, especially bedrooms and bathrooms
of floridans. Other items, like expensive floor tile
or swimming pools should be taken into account, too,
but should be discounted. A pool that costs $20,000
to install does not normally add $20,000 in value
to the home.
Rely on your investment return agents to give you
guidance in this area.
