There are many options when looking for cheap houses for sale
When looking for a home to buy, especially your first, budget is an important consideration. You’ll need to submit a down payment, down payment, and closing costs. Looking at homes in older neighborhoods or a more modest area of town is more likely to produce a number of cheap homes for sale. This will provide you with more options. You could also consider buying a house with a rental property attached, or even a mobile home for greater affordability.
One possibility is to buy a very old house that needs some tender loving care and tailor it to your needs and tastes. The charm and warmth of an older-style home can be very appealing, and the romantic notion of renovating is also a do-it-yourselfer. Of course, if you need a lot of work, the cost can defeat the purpose of finding a cheap home. You’ll likely need new carpeting and paint in any home you buy that isn’t new, but a home that needs fixing could easily become a money pit if you’re not careful.
Another option when looking for cheap houses for sale is to try to find a house that has a rentable apartment attached to it, such as a small duplex where you could live in one half and rent out the other to help make your monthly mortgage payment. The cost of this type of home may be a bit higher than you initially had in mind, but you could have a big payoff on the other end, as your income property pays most of the mortgage payment.
If you’re looking for cheap homes for sale, don’t discount the value of manufactured homes. These mobile homes, as they are also called, give you more for your money in many ways than traditional homes. Because these are built assembly line style in a factory setting and moved to site, the cost of labor and materials are much lower. This savings is passed on to the consumer, who then has a choice in a very affordable home. And to save even more money, look for a mobile home from another owner, which has already taken most of its depreciation. These homes can be just as spacious and comfortable as traditional homes at savings of 30 to 40 percent for the same square footage.
Arm yourself with tools like the classified ads, your phone, and a city map and start your search—with a little research and effort, you’ll find plenty of cheap homes for sale to choose from.