Business Insider magazine ranked Portland, Oregon as one of the Top 10 Metro Home markets for buying a home, fixing and selling for a profit.
There is still a market for fixing and flipping homes – they are just harder to get. Zillow says the trend has been a 7.6% decrease off the list price on homes that are labeled a certain way. If the terms “fixer-upper”, “needs TLC” and “home with good bones” has you doing cartwheels, then you grab your tool belt on and your hammer.
Discounted homes don’t always make up the expense of renovating, but the decrease to purchase may have you buying if you can save 6-7% off the average home price in your area. The greatest return on value according to Zillow was in homes that needed work in the median price range. To that end, Business Insider magazine ranked Portland, Oregon as one of the Top 10 Metro Home markets for buying a home, fixing and selling for a profit.
The average Cash savings is being reported to be around $19,000 on a price discount of 7.3%.
Stop watching HGTV and get out there and start your own remodel project now!!
Call Betsy at 503-545-8831 to get more insight on buying a home to make a profit.