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Buying Fixer-Upper Real Estate in Boulder City Nevada
- Real Estate Relocation
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When you first start looking for homes in Boulder City Nevada you may find some “steals” on the Web. Homes that are advertised as handyman’s specials. It is very important to look at the neighborhood when looking at these houses. If the homes surrounding the house in question are well maintained and it is a nice neighborhood, then you should calculate what it will take to improve the home to a comparable standard. If the cost of the fixer-upper and the cost of the home improvements is still under the median cost of other houses in the neighborhood and you have the skills or the cash to do the repairs, then buying a fixer-upper might be a good investment. You can then make the house into your home!
However, beware of homes that are extremely cheap in neighborhoods that are in a decline. The home’s price may be not only a reflection of the condition of the house, but of the declining neighborhood. This is where a Boulder City Real Estate agent who is an expert in Relocation to Boulder City Nevada can help you evaluate whether the purchase will be a sensible investment for you. Click on the FREE “Relocation to Boulder City Nevada” real estate information package. One of our Boulder City Nevada Real Estate agents will contact you to help with your relocation to Boulder City Nevada.
Whatever you do, if you are considering buying a fixer-upper home, make sure you have it inspected by a qualified home inspector. Place a contingency clause in the contract subject to approval by you of improvement estimates. Repairs that you guess may take $10,000 may end up costing twice that! Make sure that before you close you have the necessary skills and assets to turn the house into a home within your budget! Click on the link above and our New Quest City Boulder City Real Estate agent can help you with your relocation to Boulder City Nevada by providing guidance and expert advice on every process of the purchase.
FINANCING A FIXER-UPPER. Some mortgage lenders will allow you to close on the home with a construction loan and then place permanent financing on the home as soon as the repairs are made. This gives you the freedom to put your cash down on the home to benefit from reducing or eliminating Private Mortgage Insurance without having to come up with additional cash to do the improvements. Your New Quest City Boulder City Nevada Relocation Realtor can help you find a local mortgage company that can help you with a construction loan.
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Boulder City is a city in Clark County, Nevada, United States. It is approximately 20 miles from the City of Las Vegas. As of the 2000 census, Boulder City population was 14,966 but estimated population at 2005 is 15,177. Boulder City was originally built by the Bureau of Reclamation as housing for workers who were building Hoover Dam. It was designed by landscape architect Saco Rienk DeBoer. Alcohol sales and all forms of gambling were prohibited in the city. The Bureau did not relinquish control of the city until 1958. Boulder City was officially incorporated on January 4, 1960, and the city council selected pharmacist Robert N. Broadbent as the first mayor. The city charter, approved by the residents, prohibited gambling within the city limits. This provision still exists, making Boulder City the only location in Nevada where gambling is illegal. Alcohol sales were permitted in 1969. -- Source: Wikipedia.com
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