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Worth buying a house that needs a full remodel for 30-50% of the market price? (MD,US)

Long story short, we have been given the opportunity to purchase a house on the cheap. It is structurally sound, but needs a full remodel (kitchen, bathroom added and moved, some walls moved - probably new piping, HVAC, potentially electric, etc.). We could get it for about half, if not 1/3, of the market price of other houses on our block that also needed a similar full remodel (all row homes so very comparable). Houses that have been remodeled are selling for 50-100k more than it would cost us to buy and remodel it, and we would like to stay in it for a while. A couple of questions for seasoned buyers: Are there concerns about purchasing such a fixer-upper as a first-time buyer? How much extra would you budget for unexpected expenses, percentage-wise? Any advice on buying a house without a realtor (but with a real estate attorney)? It feels like a true once-in-a-lifetime opportunity, but as our first house, we are hesitant. submitted by /u/gibbonjiggle [link] ...
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Help with renting out properties in rural south

I’m wondering what people do for rural rental properties in areas that don’t seem to have any property management companies. I have multiple properties in the south nice homes and commercial style buildings that I would like to rent out however I am not in the vicinity and that does not seem to be anyone who deals with property management in the area. submitted by /u/Dystopicfuturerobot [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xlzsho/help_with_renting_out_properties_in_rural_south/
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How much is a 3-car garage worth? [MN]

Title, but not necessarily asking about a monetary figure. I'm asking because I've been thinking about selling my 2024 new construction home (too expensive) and watching neighbors' 2-garage homes sit on the market for six months, then sell for about what they paid three years ago (these are new construction) OR they sit for a while, then go off market (just one, and it was wildly overpriced, but still). However, the 3-car garage is less common for my type of home (one-level), and I'm wondering how much of a difference this might make in this slow market? I'm aware I can't compete with new-construction interest rates on homes built about 5 miles from me (though my development is finished and sold out), and am worried about that. My realtor is optimistic and keeps saying, "You'll be fine," but of course she would say that. :) Thoughts? submitted by /u/misfitmpls [link] [comments] source https://www.reddit.com/r/RealEstate/c...
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Rental Property Sale & Taxes

When selling a property, you dont add the sale price to your overall income to see if you fall within the 15% or 20% capital gains bracket, correct? My CPA said we fall into the 20% with the sale of the property, but the spouse and I are about 300k to 325k gross this year. The bracket for 20% would require us to make $288k more, but the profit made off the sale is only $170k. (After factoring in purchase price, improvements, depreciation, sale price and closing costs). However if you took the sale price and added it to our income, then yes, it would. But I dont think thats how it works? submitted by /u/ManonFire1213 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xl3opi/rental_property_sale_taxes/
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Flipped house bought for $1.025m and relisted for $1.3m. Has been on market for 75 days with no offers. What should we offer?

Very interested in this house as it checks all our boxes. $1.3m is the absolute top of our budget, but it literally doesn't need any work (wife and I are expecting, so move in ready is a plus). House has been on market for 75 days with no offers. Was purchased in June, then flipped, and relisted in August. They're having an open house today, but we'd like to submit an offer. What would be a reasonable offer that should get accepted that could save us some money? We have no contingencies besides inspection and appraisal. Planning to put 15% down. submitted by /u/iSniffMyPooper [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xke84e/flipped_house_bought_for_1025m_and_relisted_for/
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When did you know it was time to sell your current home?

We are very quickly if not already outgrowing our home. 4 kids, 1 primary upstairs bath. There is technically a “full” bath in the basement but it’s a shower only with a toilet and sink and I honestly pretend it doesn’t exist because it’s gross. We have 3 beds which doesn’t bother me, but we have no playroom as our basement isn’t updated / finished, and no office space. We also have the smallest backyard. I want to upgrade but we bought a fixer upper and can’t afford a better home unless it’s another fixer uppper. We have come a long way in the 4 years we’ve been here but there’s still an endless amount of projects before I feel comfortable selling. I want out though because it’s tight and cramped in here! How did you know it was time to sell your house and get a bigger one? Did you wait until yours felt complete or you could get a good value for it? submitted by /u/solidarity_sister [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xjg9aj/w...
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Which exterior upgrades are actually worth doing before selling?

We’re about 18 months away from putting our house on the market and trying to figure out where it actually makes sense to spend money. I keep getting conflicting advice on things like the roof, windows, and siding. Some people say a new roof barely adds any resale value, while others say buyers will immediately lose interest if the existing roof looks old. Is there any solid data on which exterior upgrades tend to have the best return when selling, or does it depend too much on the market and the condition of the house? submitted by /u/truecakesnake [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xjec68/which_exterior_upgrades_are_actually_worth_doing/
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Anticipated changes in the market after the midterms?

I know that the housing market slowed down due to the interest rates increasing, but is anyone hearing about potential buyers waiting out until after the election to understand the coming market a bit better? I’m wondering if people are waiting out the uncertainty to adjust their offers accordingly. Does anyone have predictions they would like to share or care to share what they are hearing from others (other’s mindset) on the subject? submitted by /u/HealthWealthFoodie [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1xiozvt/anticipated_changes_in_the_market_after_the/
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