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10 Dos and Don'ts for Maximizing Your Profit Potential

By Michelle Whitt

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Do look for cosmetic-only repairs.

« Do know your market. | Do be prepared to do the work yourself. »

Look for a "bad" house in a good neighborhood. A quality built home in a good area in need of TLC is an excellent consideration.

Choose one that needs reasonable updates and obvious cosmetic repairs. Avoid homes requiring costly structural repairs.

Do know your market.

Do look for cosmetic-only repairs.

Do be prepared to do the work yourself.

Do know the features that will sell a home quickly.

Don't ignore curb appeal.

Don't procrastinate - if quick revenue is your real aim.

Do have your budget, timeline and strategy in place before making the purchase.

Do get a professional home inspection.

Do know your financing options.

Don't start with a high-risk property.

Bonus Tip: Do consider using the services of a Realtor.

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