Team Chais | Tampa Real Estate, Brandon Real Estate, Valrico Real Estate, Riverview Real Estate


2531 13TH AVE S, ST PETERSBURG, FL 33712  

Residential
$144,000
Price
3
Bedrooms
3/1
Full/Half Baths
2008 built 2 story 3 bedroom, 2.5 bath home with 1 car rear entry garage. Long term section 8 tenant. Current rent $1125.00 is below market value. Same property next door is also available for sale and is leased for $1250.00 MLS Number: T3109650. Call today for more information.


2527 13TH AVE S, ST PETERSBURG, FL 33712  

Residential
$144,000
Price
3
Bedrooms
3/1
Full/Half Baths
2008 built 2 story 3 bedroom, 2.5 bath home with 1 car rear entry garage. Long term section 8 tenant. Current rent $1250.00. Same property next door is also available for sale, MLS Number: T3109068. Call today for more information.


If you’re buying a fixer upper, whether you plan to live on the property or flip it, there are plenty of things that you’ll need to consider. So you can budget appropriately, below, many of the costs and fees are laid to so that you can see what you’ll need to budget for when rehabilitating a home.



The Overall Costs


The costs that you’ll incur in buying and finishing a home that needs to be rehabilitated are as follows:


  • The team needed for rehabilitation
  • The purchase price of the property
  • The cost of owning the property
  • The cost of selling the property (if you plan on flipping the home)


The Team


The people that you put together to rehab your home will be very important to the entire rehabilitation process. You should take the time to research each person that you’re hiring to be sure that they are a good fit for the job.


Professionals who will be involved in the process include:


  • Lender
  • Attorney
  • Realtor
  • Contractor 
  • Insurance agent
  • Home inspector


You can ask your realtor or other trusted contacts for recommendations. Putting a team in place helps to make the entire, sometimes cumbersome process of house rehabilitation a bit smoother. 


Buying The Property


These costs are pretty standard as if you were buying any other home. You’ll need to pay closing costs, attorneys fees, realtor fees, and more. Costs typically included in a home purchase are:


  • Inspection
  • Purchase price
  • Closing costs
  • Appraisal


You should budget for all of these typical home buying costs when buying a rehab home. 


The Costs Of Home Rehabilitation


This is where things get expensive. You’ll need to first pay a contractor just to consult with them to see how they will create your vision for the property. You could also take another route an consult with a home inspector who has experience in construction. They can give you an idea of what the construction expense will be and what needs to be addressed. 


When you do get to meet with contractors, you’ll want to understand their construction experience and feel comfortable that they can produce the work that you need at a high level of quality.  


Owning A Home


Once you have the home in need of rehabilitation in your possession, you’ll need to pay the typical costs of any homeowner. These include:


  • Mortgage payments
  • Taxes
  • Insurance
  • Utilities
  • Maintenance


Even if you’re not currently occupying the home, once the property is purchased, all of these costs will need to be covered and considered. 


If you decide to flip the property and sell it, you’ll need to consider additional costs including realtor’s fees and other closing costs.  


6409 N CENTRAL AVE, TAMPA, FL 33604  

Residential
$159,900
Price
1
Bedrooms
1
Baths
large buildable corner lot (55’x120’) with charming In-law suite located on beautiful Central Avenue in the highly desirable Old Seminole Heights neighborhood. This rare property allows you to both, build your dream home while owning a rented out bungalow; Or the option to live in it while you build your new home next door. This property contains a grand fathered in “in-law” suite that is beautiful inside and out. All original wood floors, granite counters, stainless steel appliances, new electric, new ac, Etc. Currently rented for $1,000 monthly. Walk to Starbucks, Seminole Heights Library, and all the new restaurants in the area. Truly a wonderful area of Tampa. Please call with questions or to schedule a showing. Do not disturb tenant.


2450 2ND AVE S, ST PETERSBURG, FL 33712  

Residential
$135,000
Price
2
Bedrooms
1
Baths
NOT a Short Sale, NOT a bank owned property. Can close IMMEDIATELY!!! Clean Bungalow with 2 bedrooms 1 bathroom in the highly sought after Grand Central District in need of TLC. Surrounded by new builds and newly remodeled houses, great for landlord investor or quick rehab with solid retail sales. Be a part of the revitalization and growing area that is walking distance to restaurants, breweries, shopping and the best that St. Pete has to offer. Houses in this area go fast and are rarely available so don't let your buyer miss out.