How to Find an Affordable Home

Kamil Jain
 


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When most people start looking for homes for sale in Exeter, NH, they sometimes get shocked at the number of zeros in the price tag and this makes even thinking about buying a challenge for most people. However, with some good effort and patience, you could easily get affordable Exeter, NH, houses for sale. You need to learn a few tricks in this game so you can get an affordable home:

Overlooked property: Among the many homes available in Exeter, NH you will always find a house that has been overpassed for a while perhaps because the price tag was too high at the beginning and then buyers simply ignored it. There may be other homes that had something negative about them such as may be it smelled cigarette smoke or one that may have been a site of a violent crime. Think whether you can live with and correct any problem that exists and you can have a deal in your hands.

A fixer upper, cheap: Homes for sale in Exeter, NH that may be in need for some repair work will always sell for less; however, you must carefully do an estimate of the repair cost before you decide that it is a bargain. There are fixer uppers that require only some cosmetic work but you can be sure that they are a hotcake. Talk to a reputable contractor who will be able to check the place for you to tell you what the chance are for a major remodel and whether the foundation or structural works are in order.

Small with potential: You may want to buy a house in Exeter, NH that is currently small but one that has the potential for remodeling or extension. There are many times when a home that suits your needs can easily be remodeled later and especially when your circumstances have changed. Similarly, before making a purchase decision make sure that you get a contractors’ estimate and whether the local zoning laws would allow you to pursue your dreams in future.

Shared equity: There is option of acquiring Exeter, NH, homes for sale by pooling resources with someone else other than your partner or spouse; this may require that you have an outsider invest in your house and that they share in your profits when you eventually or you could have an agreement that you share the home.

Duplex or triplex with rentable unit: You could buy homes for sale in Exeter, NH where you can rent out a room or two or perhaps a duplex, triplex or one that has a rentable in-law unit. Depending on the location, you could easily discover that that added rental income could offset a huge portion of your monthly mortgage payment. You may also want to talk to your accountant about it because renting out a property is a business and you will need to add a schedule to your taxes.

Buy at an auction: Online and live auctions are becoming popular but you must ensure you do a thorough inspection of what you are buying.

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