When you go out to look for property to buy, you are trying to get the best that your money can buy. Coming up with the down payment was not easy and now you are in the market looking at different properties. You have seen quite a few that you are interested in but the required down payment is more than you can afford. In fact some of them are just plain expensive and above what you can afford.
You did see a couple of houses that are within your budget range but they looked run down. While you would have loved to buy such property, you are not very sure about what it would cost to put the property up to a standard that you are comfortable with. Nevertheless, there may actually be a gem in this kind of house. Instead of letting the state of the house scare you, you should instead get a renovation contractor to look at the building and make an estimate of the cost of renovating the house. There are actually advantages for you in buying such a house.
You get to remodel
Most often buyers of property are presented with houses that are already in good shape for a stay. The buyers of such property make no inputs into the renovation or building process. When you get such a house, you are forced to take it as it is. However, if you come across a house in a rundown state, you can buy the house as it is and in the process of renovation, customize it to fit your taste.
For example, you could decide to give the kitchen a modern look by looking at commercial kitchen shelving for sale and other kitchen apparatus that will give the kitchen that modern look that you always wanted. You can do same for other parts of the house like the bedrooms and bathroom. The joy in this is the fact that you are not oblige to do all the renovations at once. Once you buy the property, you can decide to renovate at your pace.
You get a house at a bargain price
The truth about houses that look run down is that most people looking to buy houses will not even bother to give it a second look. The real estate agents trying to get a sale from such property will be happy to negotiate good terms. As a buyer, you can ask for qn inspection to be done and use the results of the inspection to bargain for a better price. If your negotiating skills are good enough, you could be able to get the house at a very good price.