Spotting an Attractive Fixer-Upper House

When you’re flipping houses, look for the buried treasure that offers an opportunity to turn a handsome profit. To succeed in finding this potential gem, you may need to change the way you view houses. This could mean getting the ugliest house on the block. Be on the lookout for these factors that qualify a home as an attractive fixer-upper:

• Located in desirable neighborhood with good schools

  
  



• Ugly duckling in the neighborhood

  
  



• Vacant

  
  



• Priced to make money for rehabbing

  
  



• Good bones — good structure

  
  



• The return on investment is 300 to 500 percent of the cost of repairs

  
  



• Taxes are owed on the property

  
  



• Absentee landlord

  
  



• Probate property

  
  



• Foreclosure property

  
  



• Owners facing bankruptcy

  
  



• Owners getting divorced

  
  



• The work needed is something you’re capable of doing yourself

  
  



• Documents related to house turn up nothing unusual

  
  



• Reliable title company verifies paperwork

  
  



• Great floor plan

  
  



• Rooms with character and class

  
  



• Hardwood floors hiding under carpet

  
  



• Roomy kitchen with an inviting layout

  
  



• Roomy master bedroom

  
  



• Two or more bathrooms, at least one of which is roomy

  
  

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Source:http://www.dummies.com/how-to/content/spotting-an-attractive-fixerupper-house.html