The best deals on homes these days are often on properties that aren’t perfect. But that doesn't mean that home shoppers looking for a great deal can't find a place with potential.
Location, location, location. You can always fix a property, but you can't always fix the neighborhood. In the long run, home buyers often get a better deal with the worst house in a great neighborhood than with a fancy house in a not-so terrific neighborhood.
Less than 50 years old. Properties older than a half decade are likely to have more fundamental problems — like aging wiring, inadequate plumbing and sagging foundations. In and around Old Town and historic areas, that's not always possible, so shoppers also look for homes that have been completely renovated as opposed to homes with a facelift and fresh coat of paint.
Livable floor plan. It's a good idea to buy a home with a basic design that makes you happy from the start. This is because moving walls can cost a lot of money.
Light. Houses with the most potential have plenty of natural light. Southern facing homes often have the best light.
Good storage. Adding storage isn’t cheap, so it’s smart to choose a property that already has it.
But that doesn't mean that home shoppers looking for a great deal can't find a place with potential.
