Are you handy person who likes to bang nails, cut wood, and slop some paint on the walls? Well I’m that type and am still working on my old farmhouse I purchased back in 1997 known as ‘This Old Dump’. I had a plan to have the total project completed in 5 years. 13 years later I’m still working on that 5 year plan. I now know that it will never be ‘complete’ as I’ve already started redoing things that just seemed to need a little more attention. And of course sometimes one just likes to change their mind….
Why do I mention this now? Well there are a flood of older homes listed for sale that need a little TLC. Many are bank owned and the prices reflect that because the banks do not want to be homeowners.
Maybe you are looking for your first home. Youth helps as many projects require a lot of physical work, I know as I don’t put in the long days on projects now like I did many years ago when I worked on my first home in the 1980’s. Older people may be looking for something to put money in as an investment. They just need to be aware that it can take awhile for the home to increase in value as the market drives that, not what you put into it. Then others want to become landlords and buy homes as rentals.
Whatever reason you are looking, now is a good time to look for these deals. With my personal experience with my own adventures of This Old Dump, The Derrick Team is ready to help you search and purchase a great deal today! Call or text us today at 317-563-1110 or use our handy Contact Form.