However, some lenders don t understand this and will not finance a house without a concrete perimeter foundation. If your lender insists on this type of foundation without a good reason, get another lender. Large barns, shops and outbuildings may suit your purposes but may not have the same appeal or value to potential buyers. Traditional open fireplaces appeal to some buyers but are fast becoming energy-inefficient relics of a bygone era. Install an attractive hearth around your glass-front airtight wood or pellet stove instead.
Buyers Buy the least expensive house in the neighborhood and improve it.
You ll get the most bang for your improvement buck. Look for sound properties that only need painting, cleaning, landscaping, carpets and new appliances. Avoid properties that need roofs, foundations, siding, plumbing and electrical work. Buy a home in a neighborhood that is just beginning a revitalization cycle. Look for underimproved properties such as single family house which could be converted to residential income or commercial use.