Sacksteder Properties specializes in buying all types of homes. If you have a distressed home that is need of repair, we can get you a quick offer. If you just want a quick no hassle sale of your home, we can get you a fair cash offer. If you have rentals you want to move, we will get you an offer. We buy houses in a variety of areas throughout Indiana, Kentucky, and Ohio.
We are buyers that can close quick with a fair cash offer. Please give us a call so we can help you move your property and get
cash in your hands.
It’s a good idea to keep housing expenses to no more than 28% of your monthly gross income. That means monthly payments for your mortgage, property taxes, and homeowners insurance should not exceed that threshold.
You’ll also want to consider your total debt-to-income ratio, or DTI, when determining how much house you can afford. Your DTI is the portion of your monthly gross income that goes toward monthly debt obligations — including housing costs — plus car, student loan, credit card and other debt payments. A good DTI for qualifying for a mortgage is 36% or below. Lower is better for being able to budget for things like emergency expenses, and for comparison shopping for a home loan.
Every city has distinct neighborhoods with their own personalities. How you want to live will determine where you’d like to live. How far are you willing to commute to work? What types of amenities do you want nearby? Do you want a bustling neighborhood with restaurants within walking distance or a quiet suburban area?
A lot of historic properties marketed as renovated were actually bank-owned and may have been vacant for years. Certain upgrades give the appearance of quality, like stainless steel appliances and granite counter tops, flooring options, more important, issues like electrical wires, the roof, and HVAC were neglected.
The most fundamental (and often most costly) renovations will include roof/gutter replacement with the use of gutter guard melbourne, windows, and HVAC replacement. In most cases, these are the kinds of issues that will cause your offer to fall through during your inspection. It’s also important to check for neglected maintenance to avoid unexpected expenses, such as water heater repair. You can also check these out for further insight.
Hagerthey recommends interviewing and getting quotes from at least three to five licensed contractors.
In other words, if you factor a renovation into your mortgage and use enough patience, vision, and elbow grease — you could see a nice return on your investment, plus a few inherited trinkets (like the Elvis clock) along the way!