Read this great article in the Washington Post on how our buyers smartly purchased a fixer upper and made it their home. No need to pay more for developer flips. Do the work yourself, just like you want it and SAVE!
Even in this very competitive market, these houses are available all over the city at all price ranges. It is worth your time and patience to find them and consider doing the work yourself. 203K renovation loans as well as conventional renovation loan options are really a smart way to go. While developers are bidding on many of these houses, buyers who intend to occupy the house as their primary residence should be willing to offer more than developers. Even after you renovate, you will, if done smartly, be ahead and more importantly