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Buying Fixer-Upper Real Estate in Reno Nevada
- Real Estate Relocation
When you first start looking for homes in Reno 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 Reno Real Estate agent who is an expert in Relocation to Reno Nevada can help you evaluate whether the purchase will be a sensible investment for you. Click on the FREE “Relocation to Reno Nevada” real estate information package. One of our Reno Nevada Real Estate agents will contact you to help with your relocation to Reno 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 Reno Real Estate agent can help you with your relocation to Reno 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 Reno Nevada Relocation Realtor can help you find a local mortgage company that can help you with a construction loan.
Topics on this site include: Reno homes, Reno new homes, Reno real estate and Reno newspaper including homes Reno real estate, Reno NV real estate and check Reno MLS homes for sale and houses for sale, find realtors and real estate agents, get new houses plus Reno new homes and homebuilders, find Reno foreclosures, Reno houses for sale, condominiums and Reno Condos, and Reno NV newspaper reports, lofts and Reno lofts homes, look for apartments townhomes townhouses, search jobs and help wanted, movies, bars, restaurants and events, Reno luxury homes.
Reno is the county seat of Washoe County, Nevada, United States. As of the 2000 census, the city population was 180,480, making it the second largest city in Nevada, after Las Vegas. Current estimates place the population of the city proper at 207,000, which would make Reno the third most populous city, after Henderson. Reno lies 26 miles (42 km) north of the Nevada state capital, Carson City, and 22 miles (35 km) northeast of Lake Tahoe in the high desert. Reno shares its eastern border with the city of Sparks. Reno, known as The Biggest Little City in the World, is famous for its casinos, and is the birthplace of the gaming corporation Harrah's Entertainment. Reno is the corporate headquarters for International Game Technology, which manufactures most of the world's slot machines. -- Source: Wikipedia.com
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Census Data for Reno, Nevada
| Reno | Nevada | United States | |
| Population | 180,480 | 1,998,257 | 281,421,906 |
| Median age | 34.5 | 35 | 35.3 |
| Median age for Male | 33.9 | 34.5 | 34 |
| Median age for Female | 35.1 | 35.6 | 36.5 |
| Households | 73,904 | 751,165 | 105,480,101 |
| Household population | 175,984 | 1,964,582 | 273,643,273 |
| Average household size | 2.38 | 2.62 | 2.59 |
| Families | 41,647 | 498,333 | 71,787,347 |
| Average family size | 3.06 | 3.14 | 3.14 |
| Housing units | 79,453 | 827,457 | 115,904,641 |
| Occupied units | 73,904 | 751,165 | 105,480,101 |
| Vacant units | 5,549 | 76,292 | 10,424,540 |
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