The process of sifting through the mob of properties for sale can be a headache-inducing event. If you are looking to purchase a new home or are dabbling in real estate investing, the prospect of purchasing a new residential property can be accomplished in a number of ways. A trend that has been steadily gaining steam is the act of purchasing a less-than-desirable house and fixing it up. A fixer-upper can be categorized as any house in need of repairs and restoration, typically with the goal of gaining equity and livability in the process. As a Top Rated Local® property management company, we know the ins and outs of buying and fixing up properties. Reinvested Development is your top-notch real estate broker in the St. Louis area. However, we do more than that! RD also acts as a premium property management agent to provide excellent experiences for those looking to benefit from investment properties.
Our experienced agents are invaluable when it comes to completing a successful fixer-upper project. As a leader of comprehensive property services among the best real estate companies, Reinvested Development offers a top-down approach to renovating those inconsistent fixer uppers. Our team can help you with every aspect of the project, including:
- Initial consulting. Our team will help potential buyers to go through and determine their financial assets in order to determine the best course of action. This stage is vital for determining the rest of real estate investing process. We’ll help to find the best approach and work hard to get everything in line before proceeding with the project at hand.
- Property hunting. The quest is on! We’ll assist our clients in searching for the perfect property. If you’re looking for a fixer-upper, you can think of this phase as finding the diamond in the rough. Once the optimal dwelling has been located, we can assist with refining the budget and producing a timeline for the buying process.
- Making the purchase. As a team of experienced real estate brokers, we’ll work hard to acquire the property on behalf of our client while ensuring that the best terms are reached. This crucial phase in the plan involves negotiating and planning in order to make a strong offer. Once the client enters escrow, our team will oversee the entire process to ensure that all boxes are checked off in a seamless, expedient manner.
- Accounting benefits. If you’re a homeowner looking to renovate a newly acquired fixer-upper, you’re in luck! Our experts can handle the dense amount of paperwork that is associated with Income Tax Credits. If homeowners meet all of the requirements, they can receive a return of up to 35% of their construction costs through the tax credits. That’s a big chunk of change!
While many people regard that the process of fixing up a house is straightforward, we believe otherwise. Being able to appropriate the right funding, resources, and manpower is often a daunting task. Next week, we’ll look into the benefits of using our network of trained contractors to complete your new home’s renovations. If you’re in need of a real estate broker in St. Louis, don’t hesitate to contact us now!